Months after a pair of deadly explosions in the Colorado oil patch, drilling stocks remain hobbled by the specter of a regulatory clampdown.
Explorers such as Extraction Oil and Gas and SRC Energy, which are focused entirely on an oil and gas field northeast of Denver known as the D-J/Niobrara Basin, aren’t fully benefiting from soaring energy prices because of concerns about their future freedom to drill. Shares of those operators are undervalued, having gained only half as much in the last 6 months as geographically diverse drillers, said Welles Fitzpatrick of Suntrust Robinson Humphrey Inc.
Colorado’s energy industry was rocked in April and May when explosions at two Anadarko Petroleum sites killed three north of Denver, raising questions about the safety of oil and gas operations close to population centers. Regulators ordered widespread inspections while environmental groups stepped up efforts to tighten rules.
Read the full story here.
Don't miss our latest HSE content, delivered to your inbox twice monthly. Sign up for the HSE Now newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
19 - 20 Feb 2020
- Lafayette, Louisiana, USA
Covering issues related to the identification, prevention, and remediation of formation damage
9 - 11 Mar 2020
- Muscat, Oman
Shaping the Future of the Energy Industry.
29 Jan 2020 22:30 GMT
- Live, then On Demand
22 Apr 2020
- Bergen, Norway
The SPE Norway Subsurface Conference brings together the E&P industry to expand industry technical knowledge, connect with innovators and leaders and address technical challenges facing upstream oil and gas professionals.
29 - 30 Apr 2020
- Brisbane, Australia
We are in the throes of an energy transition - our energy system is evolving rapidly and diversifying, decarbonising and decentralising.
HSE Now is a source for news and technical information affecting the health, safety, security, environment, and social responsibility discipline of the upstream oil and gas industry.
©2003-2020 Society of Petroleum Engineers, All Rights Reserved.