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Author Archives: Zach Koppang

Texas city could be first in state to ban fracking

DENTON, Texas (AP) — A North Texas city that sits on top of the Barnett Shale, believed to hold one of the largest natural gas reserves in the U.S., could become the first place in Texas to ban hydraulic fracturing. A temporary ban is in place until September, but fracking opponents want to make that permanent through an ordinance that ...

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New Mexico oil country struggles as cities boom

By Jeri Clausing | Associated Press CARLSBAD, N.M. — The oil field trucks and big rigs rumble through morning and night, creating a first-ever rush hour in this otherwise sleepy 1960s-era tourist and mining town. Hotel rooms along the clogged two-lane highway are mostly booked, some of them fetching nightly rates that rival those in Manhattan. Businesses desperate for workers ...

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Chesapeake first-quarter profit surges on pricing

chesapeake

May 7 (Reuters) – Chesapeake Energy Corp, the second largest U.S. producer of natural gas, reported a sharply higher quarterly profit on Wednesday that topped expectations, helped by a 53 percent increase in gas prices. Profit in the first quarter was $374 million, or 54 cents per share, compared with $15 million, or 2 cents, in the year-ago period. Adjusting ...

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Greeley residents decry council resolution opposing state initiatives to regulate oil, gas industry

poudre

By Analisa Romano | The Greeley Tribune, Colorado Much to the chagrin of Weld Air and Water, a group that has opposed some drilling within city limits, the Greeley City Council on Tuesday unanimously passed a resolution opposing a stack of statewide initiatives that seek to further regulate the oil and gas industry. The 19 proposed ballot questions, most of ...

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Baltics can keep lights on if Russia turns off the gas

VILNIUS/RIGA (Reuters) – Estonia, Lithuania and Latvia depend on Russia for all their gas imports, but they each have defenses in place to ensure sufficient energy supplies if Moscow cuts off gas exports in an escalation of the Ukraine crisis. Russia’s Gazprom has threatened to cut supplies to Ukraine in June if it receives no payment toward the billions of ...

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It’s official: Boulder creates energy utility

By Erica Meltzer | The Daily Camera Boulder officially created a power and light utility Tuesday night. For weeks, Boulder officials have downplayed the significance of the vote, as the utility will be a paper entity only for months and possibly for years to come. They stressed that the creation of the utility does not mean that Boulder has decided ...

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Talisman Energy posts profit as N. America production soars

May 7 (Reuters) – Canada’s No.5 independent oil and gas producer Talisman Energy Inc posted a first-quarter profit, compared with a year-earlier loss, as oil and natural gas liquids production in North America soared 45 percent. The company’s cash flow, a key indicator of its ability to fund projects, rose 19 percent to $616 million, or 60 cents per share, ...

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Fracking foes seek ban built into restructuring of Boulder County’s government

By John Fryar | Times-Call staff writer Boulder, Co. – Anti-fracking activists would like that process — currently used to free up underground oil and gas deposits — to be prohibited by a proposed home-rule charter that would restructure Boulder County’s government. The newly formed Boulder County Community Rights Network asked the Boulder County commissioners on Tuesday to schedule a ...

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House panel kills bill to fight Black Hills rate hikes

By Jeff Tucker and Peter Roper | The Pueblo Chieftain State Rep. Leroy Garcia’s bid to give more powers to the state Office of Consumer Counsel to advocate for utility rate-payers didn’t make it out of committee Monday. The House State Veterans and Military Affairs Committee voted 9-1 to lay over the bill until next year’s session, effectively killing it ...

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Fire contained at Colorado power plant; 1 injured

Colorado Springs, Colo. (AP) – A blaze at an aging coal-fired power plant in Colorado Springs on Monday challenged firefighters, shut down the facility and forced the city’s utilities department to turn to a backup plant to restore power to thousands of customers. One contractor was hospitalized and more than 22,000 people lost electricity for about 30 minutes during the ...

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