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Tag Archives: Weld County

Weld County’s top oil, gas exploration companies reporting increased fourth-quarter production

Oil and gas drilling rig operating in Colorado's Denver-Julesburg Basin. (Image courtesy of Ecana Corp.)

Weld County’s two largest oil and gas drillers have updated their production levels for the last few months of the year, noting increased drilling efficiencies without spending more money. Both Anadarko Petroleum and Noble Energy — which together account for most of Weld’s production — this month have issued updates to production reports for the fourth quarter, as crews have ...

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2016 economic outlook shows growth but some sectors slowing

Storage tanks for crude oil in central Colorado, USA

While Colorado’s economic picture next year will be highlighted by continued job growth, Weld County could see some slight dips that could put some stress on employment, according to an annual business outlook published Monday by the University of Colorado Leeds School of Business. In the college’s annual business outlook, the 2016 state economy will slow somewhat, though there still ...

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Denver-based Whiting Petroleum sees second employee charged with racketeering, fraud

idea of punishment for financial fraud, an employee of Whiting petroleum was recently charged with racketing and fraud charges

A former Whiting Petroleum Corp. employee was arrested last month in North Dakota on suspicion of violating the Colorado Organized Crime Control Act. James Bennett, 52, who was employed by Whiting as a construction supervisor, is charged in Weld District Court with one count of fraud against the Colorado Department of Revenue, one count of theft and seven counts of ...

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Despite national oil slowdown, Weld County wells booming

GREELEY, Colo. — Despite a general slowdown in oil drilling across the Denver-Julesburg Basin and elsewhere, Weld County is on track to top 100 million barrels of oil this year. More than 89 percent of the state’s production this year is coming from Weld, The Greeley Tribune reported (http://bit.ly/1l0CbqW). That’s up from 85 percent last year. Industry analysts say operators ...

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Anadarko unveils its Central Oil Stabilization Facility in northern Colorado

Daunting. That’s the only way to describe the massive facility Anadarko Petroleum plans to open in December. Billed as its latest and greatest weapon in the war against fugitive emissions, an effort to reduce its environmental footprint, the Central Oil Stabilization Facility is lauded as Anadarko’s latest technological advance, plopped on top of 67 acres in south-central Weld County. The ...

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Noble Energy, Weld County’s second largest oil and gas producer, reports $283 million third-quarter loss

Noble Energy on Monday reported a third-quarter loss of $283 million. “Noble Energy delivered tremendous performance in the third quarter,” said David Stover, Noble Energy’s chairman, president and CEO in a news release. “This was highlighted by material reductions in our quarterly capital and controllable unit costs, which were driven by continued operational efficiency gains throughout the business.” The news ...

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