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Last updated on April 23, 2014 at 21:24 EDT

Latest Piceance Basin Stories

2011-10-11 06:00:00

DALLAS, Oct. 11, 2011 /PRNewswire/ -- Summit Midstream Partners, LLC ("Summit") announced today that it recently entered into a purchase and sale agreement with Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corporation ("Encana") (TSX,NYSE: ECA), to acquire natural gas midstream assets located in the Piceance Basin for $590 million. The acquired assets encompass approximately 260 miles of pipeline and 90,000 horsepower of compression facilities. The assets serve Mamm Creek,...

2011-09-28 13:34:43

New technology that combines production of electricity with capture of carbon dioxide could make billions of barrels of oil shale – now regarded as off-limits because of the huge amounts of carbon dioxide released in its production – available as an energy source. That's the topic of the latest episode in the American Chemical Society's (ACS) award-winning "Global Challenges/Chemistry Solutions" podcast series. Adam Brandt, Ph.D., notes in the podcast that almost 3 trillion...

2011-09-26 06:00:00

DENVER, Sept. 26, 2011 /PRNewswire/ -- Antero Resources today announced that it has acquired a 7% overriding royalty interest (ORI) from CONSOL Energy in approximately 115,000 net acres located in the southwestern core of the Marcellus Shale play on a large portion of Antero's existing West Virginia and Pennsylvania acreage position for $193 million. The cash transaction closed on September 21, 2011 with an effective date of July 1, 2011, and was funded with undrawn capacity on Antero's...

2011-08-03 08:22:00

CALGARY, Aug. 3, 2011 /PRNewswire/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") is pleased to announce that it has spudded its first well, "Baldwin-2", in the Southern Georgina Basin in the Northern Territory, Australia. PetroFrontier began drilling Baldwin-2 on the morning of Wednesday August 3, 2011, Australian Central Standard Time. Baldwin-2 is located in the southwestern part of EP 103 in the Southern Georgina Basin. PetroFrontier has a 100% working interest in EP...

2011-08-02 15:00:00

DENVER, Aug. 2, 2011 /PRNewswire/ -- Antero Resources today announced a revised 2011 outlook. This same revised outlook was filed with the SEC in an 8-K on July 27, 2011, prior to launching and pricing our senior note offering which closed on August 1, 2011. Based on current production levels, increased well recoveries in the Marcellus Shale and Piceance Basin, improved visibility into timing on infrastructure projects in progress in the Marcellus Shale and Piceance Mesaverde Plays,...

2011-07-28 07:00:00

DENVER, July 28, 2011 /PRNewswire/ -- Delta Petroleum Corporation (Delta or the Company) (NASDAQ Capital Market: DPTRD), an independent oil and gas exploration and development company, announced today that it retained Netherland Sewell & Associates, Inc. (NSAI or Netherland Sewell) to provide independent engineering of the Company's proved, probable and possible reserves and resources in support of the Company's strategic alternatives process. NSAI has recently concluded its...

2011-07-25 07:00:00

DENVER, July 25, 2011 /PRNewswire/ -- Delta Petroleum Corporation (Delta or the Company) (NASDAQ Capital Market: DPTR), an independent oil and gas exploration and development company, announced today that the 2C-433D well began producing hydrocarbons on Wednesday, July 20, at a choke-restricted rate of 5.4 million cubic feet of gas per day (MMcf/d) with 8360 psi of flowing tubing pressure. Gas sales from the well began on Thursday, July 21. The well continues to produce at a choke...

2011-07-21 17:56:00

DENVER, July 21, 2011 /PRNewswire/ -- Antero Resources announced today that its proved reserves at June 30, 2011 increased 10% to 3.6 Tcfe while proved, probable and possible reserves (3P) increased by 37% to 14.3 Tcfe. Antero also announced that it has increased its natural gas hedge position since May 2011 to 465 Bcfe with an average NYMEX-equivalent price of $5.92 per MMBtu. Proved Reserves At June 30, 2011, Antero added 194 Bcfe of proved reserves through the drill bit and 168 Bcfe...

2011-07-06 05:50:00

DENVER, July 6, 2011 /PRNewswire/ -- Delta Petroleum Corporation (Delta or the Company) (NASDAQ Capital Market: DPTR), an independent oil and gas exploration and development company, announced today the initiation of a strategic alternatives process. Carl Lakey, Delta's President and CEO stated, "With the June 28 closing of the $43.2 million sale of non-core, non-operated assets located in Texas and the DJ Basin, Delta has now completed the transformation to become essentially a pure...

2011-06-17 07:00:00

DENVER, June 17, 2011 /PRNewswire/ -- Delta Petroleum Corporation (Delta or the Company) (NASDAQ Capital Market: DPTR), an independent oil and gas exploration and development company, announced today that it has entered into a Purchase and Sale Agreement (PSA) with Wapiti Oil & Gas, L.L.C. (Wapiti) to sell its remaining non-operated interests in various non-core assets for $43.2 million. The transaction is expected to close by the end of June. The non-operated, non-core assets to be...