Over the last few weeks, a landmark bill has been moving quickly through the Colorado House and Senate, which would vastly expand the authority that local communities have over drilling operations. They would have a larger say on permitting, zoning and setback distances. On Wednesday, the Senate passed the bill, sending it to the desk of Governor Jared Polis, who supports the measure. The biggest loser could be Anadarko Petroleum, which holds over 400,000 acres in Colorado, The end Of Colorado’s shale boom?
15 replies (most recent on top)
Are you all insane? What country do you think you live in? If you don’t like a conversation then get out.
Nice excuse for censorship. There are thousands and thousands of “derogatory “ comments on this website. Get real.
@YqkiPeA-5ixs cannot post insults and derogatory comments towards individuals or groups. Besides, there is a plenty of forums where you can argue about politics, this isn't one is not made for that purpose.
There aren’t many, if any, economic well locations left for APC in the DJ anyway, and so far well results in PRB have been lackluster.
Apparently you can’t make negative comment about Democrats on this website or your post will be deleted. Nice censorship you bunch of hacks.
Nice job deleting posts by this garbage website.
Yep poster below nailed it. A lease doesn’t mean a damn thing AND as for free cash flow? Let’s not forget we purged the Eagleford after our well performance dropped and all we had left was garbage acreage. From what I hear we are basically in the same position in the DJ now.
New lease? Is the new lease going to prevent SB 181 from taking effect? Is it going to prevent the citizens of Colorado from turning on an industry they view as harmful to the state?
Mozambique has been a money sink since the exploration phase. It is still years away from selling gas. And that is assuming APC executes efficiently (which is laughable). Something BP, Conoco, Chevron, and Exxon have all failed to do when building LNG operations.
Mozambique profitable?
Unfortunately other than Mozambique the Denver office is the only profitable business unit Anadarko has.
The previous poster is right. APC is almost single handedly responsible for the negative press the industry has received in CO. They have had so many major, incredibly irresponsible incidents, the issue is coming to a head. Unfortunately, others operating the right way may end up paying the price for APC's blunders. I'm surprised other companies haven't put more heat on APC before this.
Close it already !!!!
As they say, you reap what you sow. The only one to blame for the climate on oil & gas in Colorado is Anadarko thanks to years of s**tty operating.
Won’t change the fact that Anadarko is the biggest loser!