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.
8 Mar 2018 14:30 CST (GMT-6)
- Live, then On Demand
Energy, Water, and Land Management Expert
30 Apr - 3 May 2018
- Houston, Texas
Celebrating 50 Years of OTC.
16 - 18 Apr 2018
- Abu Dhabi, UAE
26 - 28 Mar 2019
- Beijing, China
Share your experience with colleagues.
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.
©2003-2018 Society of Petroleum Engineers, All Rights Reserved.