June 10, 2010
posted on: Jun 10, 2010
IPAMS Meetings and Announcements
IPAMS Annual Meeting and Summer Conference
June 23-25 in Beaver Creek, CO
Have you registered? Click here to view the agenda and details and register today!
Space is filling up for this celebrated annual event; an opportunity to meet and network with industry leadership and hear perspectives on what’s happening in our industry, from a macroeconomic outlook to regional issues. Join IPAMS in this relaxed setting for just the right mix of business and pleasure– discuss topics such as production and transportation, demand growth and western regional competitiveness while networking with fellow IPAMS members.
Golf Tournament: Foursomes are still available; contact us today if you are interested in golfing or would like to donate an item to be included in the golf cart gift bags!
Saddle Ridge Dinner: **PRICE REDUCED** Join us for an elegant evening of networking, entertainment and fun to kick off this year’s event.
Silent Auction: We will be ending this year’s event with a silent auction; if you are interested in donating an item, contact Membership and Events intern Kristina Rogers for more information.
In case you missed it: Click here to read a message from IPAMS Executive Director Marc Smith,“Industry Summit in Beaver Creek: IPAMS Annual Meeting and Summer Conference continues a tradition of excellence,” outlining in greater detail some of this year’s exceptional speakers.
IPAMS thanks the following sponsors for supporting the Annual Meeting and Summer Conference:
Anadarko | Basic Energy Services | Berry Petroleum Corporation | Bill Barrett Corporation | Black Hills Exploration and Production
Cordillera Energy Partners III, LLC | Devon Energy Corporation | Edmonds Energy Corp. | El Paso E& P | EnCana Oil & Gas (USA) Inc.
Ensign United States Drilling | EOG Resources | Fulbright & Jaworski, LLP | G3 Operating, LLC | Halliburton Energy Services | Hart Energy Publishing
Mesa Energy Partners, LLC | M.J. England & Associates | New Prospect Company | Nielson & Associates, Inc. | Noble Energy Inc.
Petroleum Development Corporation | Pioneer Natural Resources | Questar Market Resources | Samson Resources | Schlumberger
SM Energy | Tracker Resources | Trinity Petroleum Management LLC | US Bank | Ultra Petroleum, Inc.
Welborn Sullivan Meck & Tooley, PC | Whiting | Williams
For more information and for sponsorship, contact Becca Ness or 303.623.0987.
IPAMS Request for Proposal – Legal
IPAMS is seeking proposals for two potential legal actions that the organization is considering. Proposals are requested for the two legal actions outlined in the notes from the legal task force meeting, available on the IPAMS Government Affairs page in the LLR Committee section.
Proposals should be brief, and detail how the firm would approach the task, a timeline for specified tasks, a cost estimate, relevant firm experience, and CVs of key personnel. Only IPAMS member companies will be considered, with preference given to those that have provided volunteer work and substantive input to IPAMS. IPAMS cannot guarantee at this time that the organization will proceed with one or both of the actions, but will use the proposals to determine a reasonable cost and timeframe to present to the IPAMS Executive Committee. If the Committee decides to proceed with one or both of the actions, a selection process will commence. Please send proposals to Kathleen Sgamma by June 22nd at noon.
IPAMS Membership Update
IPAMS thanks our broad membership for supporting our organization through your 2010 dues. Your financial support ensures that we have the resources to continue to defend and promote your investment in the Intermountain West. For more information or to refer a company to IPAMS regarding membership please contact Susan Fakharzadeh.
Visit westernenergyalliance.org for the latest news affecting the Intermountain West’s oil and natural gas industry. Headlines are updated daily from local, national and international news sources. You may also sign up for daily newsbrief emails under the Manage Account section of the “Members Only” page.
Western Election News
Denver Petroleum Club Candidates Energy Forum
June 22, 2010 in Denver from 3pm-7pm
Two of Colorado’s candidates for governor will present their platforms on energy and take questions from the audience at a public event hosted by the Denver Petroleum Club on June 22.
The forum will be moderated by Adam Schrager of 9News and recorded for a future broadcast on YOUR SHOW. Members of the audience will be asked to participate in brief survey questions and will have the opportunity to pose questions directly to the candidates. John Hickenlooper and Scott McInnis have been asked to talk about important issues facing the oil and gas industry and discuss its role in Colorado’s economy. The afternoon event will take place in the ballroom of the Denver Athletic Club followed immediately by a reception on the sundeck. Click here for more information.
The cost is $35 for members of the Denver Petroleum Club or Denver Athletic Club, $55 for non-members. To register, visit www.denverpetroleumclub.com.
Economy, energy top Gosar’s agenda
published in: Casper Star-Tribune on: 06/09/2010 by: Jackie Borchardt
Democratic candidate for governor Pete Gosar made his first campaign stop Tuesday at the Men’s Democratic Luncheon in Casper.
WY: Energy issues up for debate at annual expo
published in: Gillette News-Record on: 06/09/2010 by: Steve McManamen
All six gubernatorial candidates will debate energy issues facing Wyoming at the 11th annual Energy Expo on Wednesday and Thursday at the Wyoming Center at Cam-plex.
Wright says Matheson is in Big Oil’s pocket
published in: Salt Lake Tribune on: 06/07/2010 by: Brandon Loomis
The challenger trying to take Rep. Jim Matheson’s place as the Democratic nominee for Utah’s 2nd Congressional District says her opponent should react more aggressively to the Gulf of Mexico oil spill and use his position to press for stronger offshore drilling regulations.
In CD7, Perlmutter, Frazier wage another battle over energy policy
published in: Colorado Independent on: 06/07/2010 by: Joseph Boven
The top candidates for Colorado’s Seventh Congressional District are facing off on energy policy and jobs, the debate breaking along predictable lines.
Potter: N.D. should step back from oil development ‘gold rush mentality’
published in: Grand Forks Herald on: 06/03/2010 by: Ryan Johnson
U.S. Senate candidate Tracy Potter said Thursday that North Dakota needs to have less of a “gold rush mentality” when it comes to oil development and instead take a cue from former Gov. Art Link’s concerns about the “one-time harvest” of natural resources in the state.
Colorado
County unwilling to endorse new Divide Creek drilling moratorium
published in: Glenwood Springs Post Independent on: 06/08/2010 by: John Stroud
Garfield County commissioners will ask for a meeting with the Colorado Oil and Gas Conservation Commission (COGCC) to address ongoing concerns about possible water contamination from natural gas drilling in the Divide Creek area.
New Mexico
NM high court: Emissions cap proposal may proceed
published in: Associated Press on: 06/08/2010 by: Susan Montoya Bryan
The New Mexico Supreme Court on Monday cleared the way for a state regulatory panel to resume consideration a petition to establish a cap on greenhouse gas emissions in the state.
North Dakota
Report quantifies Three Forks oil reserves
published in: Prairie Business on: 06/07/2010 by: Ryan Schuster
A recently-released study found that the Three Forks Formation holds nearly 2 billion barrels of recoverable oil in North Dakota, another signal that the state’s latest oil boom will have a prolonged impact.
Dorgan Requests Session for Oil Needs
published in: KXMCTV Minot on: 06/06/2010 by: Staff
Senator Byron Dorgan says not holding a special session of the Legislature to address infrastructure needs in western North Dakota would be a “big mistake”.
Developing state’s mineral resources
published in: Minot Daily News on: 06/05/2010 by: Eloise Ogden
A great deal is happening in North Dakota not only with the development of oil and gas but with other mineral resources too, said Lynn Helms, director of the North Dakota Department of Mineral Resources.
Wyoming
Audit: State losing out on revenue
published in: Associated Press on: 06/09/2010 by: Ben Neary
The Wyoming Office of State Lands and Investments has been fairly passive in getting the most energy revenue from the 3.5 million acres of state lands it oversees, according to a legislative audit released Tuesday.
Wyoming approves ‘fracking’ disclosure rules
published in: Associated Press on: 06/08/2010 by: Mead Gruver
A state agency that oversees oil and gas development voted Tuesday to require energy companies to disclose what chemicals they’re pumping underground to improve the flow of oil and gas into well bores.
An “Oil City” Fears for Its Future
published in: Wyoming Energy News/New York Times on: 06/07/2010 by: Jesse Mckinley, William Yardley, Abby Goodnough And Mark Leibovich
The lobby of the elegant old Casper Petroleum Club is filled with suggestions of its pro-oil ethos: a sign listing current crude and natural gas prices; a wall of plaques recognizing local companies in the business; and dozens of photographs of beaming engineers and executives who have served on the board of the private club over the years.
Washington Watch
House members to ensure EPA regulation fight continues
published in: New York Times/E&E ClimateWire on: 06/10/2010 by: Robin Bravender
The House is often overlooked in the battle over federal climate rules, but some members intend to rally behind efforts to stop U.S. EPA regulations until something sticks.
Rockefeller backs Murkowski’s EPA resolution
published in: New York Times/E&E News on: 06/09/2010 by: Robin Bravender
Sen. Jay Rockefeller (D-W.Va.) will vote for a resolution to hamstring U.S. EPA’s authority to regulate greenhouse gases under the Clean Air Act, he said yesterday.
Graham completes break with Kerry climate plan, backs Lugar energy bill with no emissions cap
published in: The Hill on: 06/09/2010 by: Ben Geman
Sen. Lindsey Graham (R-S.C.) on Wednesday threw his support behind a new energy bill sponsored by Sen. Richard Lugar (R-Ind.) even though it lacks mechanisms to create a cost for emitting greenhouse gases that Graham has called fundamental in the past.
GOP attacks oil tax plan
published in: Politico on: 06/09/2010 by: Scott Wong
“You never want a serious crisis to go to waste.” Those words, uttered in 2008 by White House Chief of Staff Rahm Emanuel, resurfaced on Wednesday as Republicans ripped into Democrats for using the BP oil spill to raise taxes.
Senate Dems look for consensus on energy bill
published in: Politico on: 06/07/2010 by: Meredith Shiner
Senate Democrats, flustered by the Gulf crisis and divided over climate legislation, are struggling to find consensus on a new energy bill.
Tracking down Minerals Management Service’s dysfunctional history of drilling oversight
published in: Denver Post on: 06/06/2010 by: Mark Jaffe and David Olinger
From its creation in 1982, the Minerals Management Service at the center of the Gulf of Mexico oil disaster has been a conflicted agency.
Media Watch
Editorial: Drilling Bits of Fiction (subscription required)
published in: Wall Street Journal on: 06/10/2010 by: Editorial Staff
The Obama Administration is under political pressure to reverse its ill-considered deep water drilling moratorium, and the latest blowback comes from seven angry experts from the National Academy of Engineering who say their views were distorted to justify the ban.
Editorial: Fracking rules should benefit public, industry
published in: Casper Star-Tribune on: 06/10/2010 by: Editorial Staff
A few months ago, it didn’t seem likely that the oil and gas industry and environmentalists would ever agree about the need to regulate what’s being pumped into the ground during the hydraulic fracturing process.
Editorial: Obama’s Oil Crisis Politics (subscription required)
published in: Wall Street Journal on: 06/07/2010 by: Editorial Staff
Not too many weeks ago it looked as if President Obama’s cap-and-tax program for energy was dead for this year. But with the political and media left whacking the President for his handling of the worst spill in U.S. history, Democrats have suddenly decided that this is one more crisis that shouldn’t go to waste.
Environment and Wildlife
Feds mull extending ban on extraction
published in: Casper Star-Tribune on: 06/07/2010 by: Staff
Federal officials will meet in Dubois next week to discuss extending the withdrawal of the Bureau of Land Management mineral estate within an important bighorn sheep management area
Governor assails species litigation
published in: Billings Gazette/Casper Star-Tribune on: 06/04/2010 by: Chad Baldwin
Gov. Dave Freudenthal on Friday called for changes in both the federal Endangered Species Act and in the law that allows environmental groups to search for friendly venues to file lawsuits under the act.
Technology, Alternative & Renewables
A Call to Triple U.S. Spending on Energy Research
published in: New York Times on: 06/09/2010 by: John M. Broder
The United States is badly lagging in basic research on new forms of energy, deepening the nation’s dependence on dirty fuels and crippling its international competitiveness, a diverse group of business executives warn in a study to be released Thursday.
Going Solar Is Harder Than It Looks, a Valley Finds
published in: New York Times on: 06/03/2010 by: Kirk Johnson
The nightmare in the Gulf of Mexico, as oil spews unchecked from BP’s wrecked well, makes this high mountain valley seem even more idyllic than it is.
Markets
Energy firms turn to liquids as natgas disappoints
published in: Reuters on: 06/08/2010 by: Matt Daily
U.S. energy producers hurt by weak natural gas prices are seeking to squeeze more fuel from their liquids-rich natural gas fields such as the Eagle Ford and Granite Walsh, executives said on Tuesday.
Natural Gas Settles at 15-Week High on Hot Weather, Rig Decline
published in: Bloomberg/Businessweek on: 06/07/2010 by: Moming Zhou
Natural gas futures rose to the highest price in more than 15 weeks as forecasts showed hotter- than-normal weather across much of the U.S. next week, boosting demand for the power-plant fuel.
Industry News and Events
Debunking the Movie GasLand
“One-sided, flawed … in the Michael Moore mode” -Longtime NYT Editor, Columnist
Many in industry may have heard about this documentary targeting natural gas, but how much of it is true?
Click here to read Energy in Depth’s coverage and the de-bunking of the myths about the industry.
Devon Energy President John Richels Promoted To CEO (subscription required)
published in: Wall Street Journal on: 06/09/2010 by: Staff
Devon Energy Corp. (DVN) said it elected President John Richels to the additional role of chief executive, succeeding Larry Nichols. The Oklahoma City-based energy company has been benefiting from higher commodity prices and lower costs of late and has been selling assets to fund its North America drilling operations, buy back shares and retire debt.
8 of 15 Interior advisers disagreed with deepwater moratorium (subscription required)
published in: E&E News on: 06/09/2010 by: Katie Howell
Experts tapped by the Obama administration for advice on offshore drilling safety opposed a federal decision to halt deepwater drilling for six months, and they are objecting to the Interior Department using their names to support the report’s recommendations.
Industry took it on the chin during recession — report (subscription required)
published in: E&E News on: 06/08/2010 by: Nathanial Gronewold
Profits of the U.S. oil and gas industry plummeted last year in the face of an economic recession and the subsequent decline in energy demand, according to a new assessment by auditing and consulting giant Ernst & Young.
Why the Gulf Spill Won’t Touch Most Consumers
published in: U.S. News & World Report on: 06/07/2010 by: Rick Newman
It’s horrifying. Infuriating. Depressing, even. But the ghastly oil spill in the Gulf of Mexico is likely to have little impact, if any, on the majority of Americans.
RPSEA 2010 AAPG Rocky Mountain Section Meeting
June 13-16 in Durango, Colorado
Visit RPSEA’s booth A-4
Utah: A Model for Clean, Safe Energy Development
June 15th in Salt Lake City, UT
The Responsible Energy Development Forum (REDF) and School and Institutional Trust Lands Administration (SITLA) are hosting an energy seminar entitle Utah: A Model for Clean, Safe Energy Development on June 15th from 10:00 a.m. – 12:30 p.m. at the State Capitol. The program includes remarks from state Senator Kevin VanTassell and Representatives Roger Barrus and Eric Hutchings, and a panel moderated by DOGM Director John Baza including representatives from Anadarko, Arch Coal, Bill Barrett Corp., Questar, Rocky Mountain Power, and the Utah Mining Association. Click here for the agenda.
Western Governors’ Association 2010 Annual Meeting
June 27-29, 2010 in Whitefish, MT
The Western Governors’ Association will recognize “100 Years of Common Ground” at this year’s Annual Meeting. Topics will include:
-Sharing a Finite Resource: Challenges and Opportunities in Water Management
-Building New Energy Generation and Transmission
-Working Across Borders to Conserve Landscapes
For more information on the meeting visit the WGA Web site at www.westgov.org.
Front Range Energy Career Expo and Forum
September 24, 2010
The 2010 Front Range Energy Career Expo and Forum, which takes place at Red Rocks Community College, is designed as an educational event for high school students in the Denver Metro area to bring college representatives, energy companies, and students together in one location, to present information about college options and career opportunities to the future generation of leaders. This year’s event will be co-hosted by High Plains Communications, LLC and Red Rocks Community College.
Lunch will be provided for all attendees, and we will have separate break-out sessions for teachers and counselors. Please contact Jaime Gardner or (970) 597-0696 for more information. Click here to download the registration form. Click here to download the sponsor form.
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