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Oil, gas producers pump up the volume in Colorado

Denver Post -- After a punishing year when natural-gas prices slid to their lowest level since 2002, there are signs of life in Colorado's oil and gas fields.
The state's largest publicly traded producers have, in the past few weeks, issued capital forecasts for 2010 showing rigs and money flowing into Colorado.
Still, the state is facing competition as some companies move money and equipment to Texas, Pennsylvania and Louisiana, and smaller operators continue to hold off on drilling.
"It is a selective recovery," said Peter Stark, vice president for industrial relations at IHS Corp., a Denver-based consulting firm. "It is focused on the larger, low-cost producers and plays with oil and liquids."

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Submitted Mar 22, 2010 By: fordmexico

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remay Champion Author Houston Posts:4,696 Points:1,653,970 Joined:May 2006	Message Posted: Mar 22, 2010 8:47:35 AM Ignore remay Report Abuse bring it on...
wegman Champion Author Twin Cities Posts:5,486 Points:1,626,410 Joined:Jun 2001	Message Posted: Mar 22, 2010 4:51:11 AM Ignore wegman Report Abuse While low prices are a VERY good thing for almost everyone, they do suppress development and investment in supply. However, prices will legitimately go up at some point, and the stuff will stay in the ground until it is economically viable to drill for it.
computernut2008 Champion Author Ohio Posts:4,250 Points:899,270 Joined:Oct 2008	Message Posted: Mar 22, 2010 3:57:58 AM Ignore computernut2008 Report Abuse They may recover but we won't
ndhoanggia All-Star Author New York Posts:696 Points:215,505 Joined:Apr 2009	Message Posted: Mar 22, 2010 3:51:13 AM Ignore ndhoanggia Report Abuse about time!
speedys Champion Author Utah Posts:4,659 Points:2,091,280 Joined:Nov 2005	Message Posted: Mar 22, 2010 3:48:32 AM Ignore speedys Report Abuse It sure is selective recovery.
nurdco Champion Author Colorado Springs Posts:6,575 Points:1,226,435 Joined:Apr 2008	Message Posted: Mar 22, 2010 3:40:28 AM Ignore nurdco Report Abuse They finally got going...
MDTDriver Champion Author California Posts:7,440 Points:1,691,035 Joined:Jul 2006	Message Posted: Mar 22, 2010 3:29:19 AM Ignore MDTDriver Report Abuse The price of everything is going up why not gas?
EXTREMESNOW Champion Author Medford Posts:7,047 Points:1,452,490 Joined:Jul 2006	Message Posted: Mar 22, 2010 3:25:59 AM Ignore EXTREMESNOW Report Abuse Wish they would pump up the volume here in Oregon, prices are almost over $3 for regular.
DJRIO Champion Author Miami Posts:5,468 Points:958,310 Joined:Jan 2008	Message Posted: Mar 22, 2010 3:22:33 AM Ignore DJRIO Report Abuse obama wasting time not endorsing natural gas
hank1326 Champion Author Los Angeles Posts:6,686 Points:1,279,190 Joined:Jun 2008	Message Posted: Mar 22, 2010 3:14:43 AM Ignore hank1326 Report Abuse Pump prices here are rising.
spiderjay Champion Author Little Rock Posts:3,294 Points:956,955 Joined:Oct 2005	Message Posted: Mar 22, 2010 3:07:01 AM Ignore spiderjay Report Abuse as long as its lower i am cool
LostToo Champion Author Illinois Posts:3,112 Points:715,545 Joined:May 2009	Message Posted: Mar 22, 2010 3:02:43 AM Ignore LostToo Report Abuse Yeah there is plenty of oil and gas around but they needed to push the price up on every 1 so as to get a biger pay day on the back end don't wait for a price decrease any time soon it aint ever going below $2.25 at the pumps again If it ever makes it that low!
tobasco Champion Author Los Angeles Posts:6,743 Points:1,754,395 Joined:Mar 2004	Message Posted: Mar 22, 2010 2:59:24 AM Ignore tobasco Report Abuse Pump
toyota1999 Champion Author Louisville Posts:5,193 Points:1,165,350 Joined:May 2007	Message Posted: Mar 22, 2010 2:50:38 AM Ignore toyota1999 Report Abuse I hope they continue to drill and pump our oil and stop getting so much foreign oil.
granitestater Champion Author New Hampshire Posts:6,309 Points:1,017,395 Joined:Oct 2008	Message Posted: Mar 22, 2010 2:45:11 AM Ignore granitestater Report Abuse We have plenty of oil still in the ground. But do you want to pay for it? Enviro regs make it expensive to recover. Oil sands recovery destroys the landscape. Hydro-fracturing destroys the ground water supply. It's just not cheap anymore to pump oil. Either in money terms or environmental...
srchr Champion Author San Jose Posts:4,863 Points:1,159,850 Joined:Apr 2008	Message Posted: Mar 22, 2010 2:31:16 AM Ignore srchr Report Abuse pump prices have peaked here and started down
GMVAN Champion Author Calgary Posts:4,390 Points:931,530 Joined:Apr 2009	Message Posted: Mar 22, 2010 2:25:27 AM Ignore GMVAN Report Abuse Theres plenty oil and gas around.
jay4 Champion Author Colorado Springs Posts:5,792 Points:1,326,080 Joined:Apr 2006	Message Posted: Mar 22, 2010 2:17:54 AM Ignore jay4 Report Abuse So who pays for the environmental costs, water, waste, etc.
RENEGADEGAS Champion Author Missouri Posts:12,049 Points:1,126,105 Joined:Jul 2008	Message Posted: Mar 22, 2010 2:14:54 AM Ignore RENEGADEGAS Report Abuse jackson661...That would be great but in most cases it is not allowed. We have plenty of oil under our feet here in the US, but we cant tap it. Off shore drilling has now been put off until 2016 by decree of hussien after saying we should start drilling there.
OnTheWater Champion Author Orange County Posts:2,123 Points:622,380 Joined:Nov 2009	Message Posted: Mar 22, 2010 2:13:39 AM Ignore OnTheWater Report Abuse The more drilling the better let's see more crude supplies and hope that it brings prices back down!!
ifallsguy Champion Author Minnesota Posts:4,420 Points:1,212,705 Joined:Apr 2007	Message Posted: Mar 22, 2010 2:13:11 AM Ignore ifallsguy Report Abuse lees imported oil
915Chief Champion Author San Diego Posts:6,056 Points:1,202,270 Joined:Aug 2008	Message Posted: Mar 22, 2010 2:12:02 AM Ignore 915Chief Report Abuse They need the money, but not as bad as CA
jackson661 Champion Author Columbus Posts:2,781 Points:1,046,175 Joined:May 2006	Message Posted: Mar 22, 2010 2:09:54 AM Ignore jackson661 Report Abuse The drilling will continue..there is plenty of places..
gass12 Champion Author Omaha Posts:6,170 Points:1,850,265 Joined:Oct 2005	Message Posted: Mar 22, 2010 2:02:17 AM Ignore gass12 Report Abuse I will tell you what you can do with your Tea Party.
Saturn93 Champion Author Salt Lake City Posts:6,566 Points:1,487,875 Joined:Oct 2006	Message Posted: Mar 22, 2010 1:57:34 AM Ignore Saturn93 Report Abuse The Obama administration has done everything that they can to delay or cancel oil and gas drilling leases in the western US which took years of approvals and exploration to put together. Pres. Obama has stated that a price of $7/gal. would be about right.
EcoVore Champion Author Los Angeles Posts:3,533 Points:727,150 Joined:Jun 2008	Message Posted: Mar 22, 2010 1:44:52 AM Ignore EcoVore Report Abuse How's it Obama's fault? Only fault you can call him on is not making offshore drilling more accessible.
fordmexico Champion Author Michigan Posts:7,525 Points:306,425 Joined:Oct 2009	Message Posted: Mar 22, 2010 1:43:34 AM Ignore fordmexico Report Abuse MidNJ posted, "Come on Tea Party Members, Look at this article; When Obama took office in January 2009 oil prices were $33 a barrel. Now they are $84 a barrel. This is obviously Obama's fault and we must call him on this. Join the tea party!!!" I AGREE WITH RENEGADEGAS "huh"
RENEGADEGAS Champion Author Missouri Posts:12,049 Points:1,126,105 Joined:Jul 2008	Message Posted: Mar 22, 2010 1:37:19 AM Ignore RENEGADEGAS Report Abuse MidNJ...huh?
la90042 Champion Author Los Angeles Posts:2,402 Points:505,405 Joined:Nov 2008	Message Posted: Mar 22, 2010 1:33:44 AM Ignore la90042 Report Abuse typical - cut supplies until prices go up... how can the consumer win?...
MidNJ Champion Author New Jersey Posts:4,623 Points:738,520 Joined:Sep 2009	Message Posted: Mar 22, 2010 1:32:34 AM Ignore MidNJ Report Abuse Come on Tea Party Members, Look at this article; When Obama took office in January 2009 oil prices were $33 a barrel. Now they are $84 a barrel. This is obviously Obama's fault and we must call him on this. Join the tea party!!!
YLHandyman Champion Author Orange County Posts:5,008 Points:930,140 Joined:Feb 2008	Message Posted: Mar 22, 2010 1:30:17 AM Ignore YLHandyman Report Abuse What happened to low cost natural gas to the user.
LilRedWagonIN Champion Author Indiana Posts:5,411 Points:1,103,025 Joined:Oct 2008	Message Posted: Mar 22, 2010 1:29:39 AM Ignore LilRedWagonIN Report Abuse Selective recovery means the other guy is going to make money, but not me.
pinkelefant Champion Author Sacramento Posts:16,951 Points:2,194,890 Joined:Aug 2003	Message Posted: Mar 22, 2010 1:28:41 AM Ignore pinkelefant Report Abuse fingers crossed
la90042 Champion Author Los Angeles Posts:2,402 Points:505,405 Joined:Nov 2008	Message Posted: Mar 22, 2010 1:25:19 AM Ignore la90042 Report Abuse good news and bad news - prices up for us when they start drilling more?...
Mooseman1 Champion Author Manitoba Posts:7,291 Points:1,378,195 Joined:Jul 2007	Message Posted: Mar 22, 2010 1:23:31 AM Ignore Mooseman1 Report Abuse As long as pump prices go down it's good.
fordmexico Champion Author Michigan Posts:7,525 Points:306,425 Joined:Oct 2009	Message Posted: Mar 22, 2010 1:21:51 AM Ignore fordmexico Report Abuse Edtx2009 posted, "Sounds kind of strange. A selective recovery? It either is or isn't - a recovery." As the article states its selective in that drilling activity for oil is recovering while drilling and production of natural gas has not. Prices are better for oil, thus activity will occur where the the most money can be made. The article is not speaking as to the general economy, only to drilling and production activity in Colorado.
pbc2001 Champion Author Dallas Posts:2,316 Points:417,405 Joined:Feb 2009	Message Posted: Mar 22, 2010 1:16:01 AM Ignore pbc2001 Report Abuse We shall see how it all would work out in the future.
benjy Champion Author Chicago Posts:6,864 Points:1,364,215 Joined:Nov 2003	Message Posted: Mar 22, 2010 1:15:30 AM Ignore benjy Report Abuse there are no low cost producers in oil....
Edtx2009 Champion Author Houston Posts:1,847 Points:366,325 Joined:Jun 2009	Message Posted: Mar 22, 2010 1:15:20 AM Ignore Edtx2009 Report Abuse Sounds kind of strange. A selective recovery? It either is or isn't - a recovery.
grouch311 Champion Author Illinois Posts:6,021 Points:1,153,490 Joined:Jun 2007	Message Posted: Mar 22, 2010 1:12:47 AM Ignore grouch311 Report Abuse somethings not right there
jadeusa Champion Author Dallas Posts:6,885 Points:1,368,935 Joined:Sep 2005	Message Posted: Mar 22, 2010 1:09:39 AM Ignore jadeusa Report Abuse Majors may be holding back until the monopoly of gas has player their card so that they can make more money potentially.
rimpyCA Champion Author Los Angeles Posts:1,550 Points:663,175 Joined:Aug 2009	Message Posted: Mar 22, 2010 1:03:35 AM Ignore rimpyCA Report Abuse gas mafia
letmathe Champion Author Chicago Posts:12,416 Points:2,730,115 Joined:May 2001	Message Posted: Mar 22, 2010 12:59:33 AM Ignore letmathe Report Abuse Selective recovery sounds suspicious.
Bus561 Champion Author Lexington Posts:14,071 Points:2,752,030 Joined:May 2004	Message Posted: Mar 22, 2010 12:59:10 AM Ignore Bus561 Report Abuse Its about time that they did something with us being under OPECs thumb.
joel27nc Champion Author Raleigh Posts:8,152 Points:1,391,370 Joined:Mar 2008	Message Posted: Mar 22, 2010 12:58:38 AM Ignore joel27nc Report Abuse sweet
Bussman Champion Author Dallas Posts:3,857 Points:990,630 Joined:Nov 2008	Message Posted: Mar 22, 2010 12:58:21 AM Ignore Bussman Report Abuse Keep it coming.
fordmexico Champion Author Michigan Posts:7,525 Points:306,425 Joined:Oct 2009	Message Posted: Mar 22, 2010 12:57:40 AM Ignore fordmexico Report Abuse There is a lot of activity in Colorado. It begs the question why everyone wants to keep on with the leasing when there is still much "open" land for exploration and drilling.
Buddy2264 Champion Author Tampa Posts:9,253 Points:1,892,465 Joined:Oct 2005	Message Posted: Mar 22, 2010 12:52:09 AM Ignore Buddy2264 Report Abuse Maybe there is more conversion to gas to generate electricity. Cleaner than coal. Conservation keeps your money in your pocket.
IamWhoIam Champion Author San Francisco Posts:13,960 Points:1,459,700 Joined:Jan 2007	Message Posted: Mar 22, 2010 12:40:58 AM Ignore IamWhoIam Report Abuse Hooray for the Coloradans. Hang in there.