Rocky Mountain Energy Essentials

News, Insight, and Analysis

Rocky Mountain Energy Essentials will have a general focus on energy industry issues in the Rocky Mountain region, including oil and gas, coal, trona and potentially other hard rock minerals.

Latest from Rocky Mountain Energy Essentials

Many changes are on the horizon, as the Colorado Oil & Gas Conservation Commission’s (“COGCC”) rules are under construction.  On November 1st, the COGCC released its Mission Change Whitepaper (“Whitepaper”).  For the full text of the Whitepaper, click here.  The Whitepaper provides a broad overview of certain rule changes contemplated by the passage of Senate Bill 19-181, which among other things changed the mission of the COGCC from “fostering the responsible, balanced development” of…
Whether we have a strong winter impacts many things.  From our road conditions driving to work, the extent of demand for home heating fuels, how our livestock will fair, and our ski season (including vital tourist revenue that results from ski season), predicting the degree of the intensity of the winter season can be important. But this year it looks like it could be anyone’s guess…some degree of certainty would be nice, as it can…
Last month, we discussed the increase in oil and gas bankruptcy filings since May of 2019 – the full blog post can be found here.  Haynes and Boone, LLP released a new Oil Patch Bankruptcy Monitor as of September 30, 2019, which can be found here, showing that even more have been added to the list. Since our last post on the subject, which reflected the August 2019 data, seven more companies have…
It is time for a check-up, or more appropriately, a check-in, on the Wyoming energy sector.  I have spent quite a bit of time in Wyoming recently, and one troubling comment that I heard in a gas station has resonated with me – “Wyoming is still in a recession.”  It got me thinking…is this true?  It is time to take the pulse of Wyoming’s Energy Sector… Last week, I attended the Wyoming Oil and Gas…
Headlines lately are shedding light on a frightening trend – oil and gas bankruptcies are on the rise: The Wall Street Journal – Oil and Gas Bankruptcies Grow as Investors Lose Appetite for Shale:  Smaller Drillers, Which Account for Sizable Part of U.S. Oil Production, are Struggling to Pay Off Hefty Debt Burdens Oil & Gas 360 – Energy Bankruptcies Back on the Rise in 2019 OilPrice.com – What Caused the Recent Surge in Oil
The Montana Supreme Court has accepted a certified question from the Ninth Circuit Court of Appeals concerning whether, under Montana law, dinosaur fossils constitute “minerals” for the purpose of a mineral reservation. Who owns dinosaur fossils in Montana? History Lesson:  According to an article in Science Magazine entitled, Are Dinosaur Fossils ‘Minerals’? The Montana Supreme Court will Decide High Stakes Case, “[p]ristine dinosaur fossils discovered in Montana have sparked a property rights dispute that…
Last night, I made salmon patties.  We have this amazing canned Alaskan wild salmon and it makes some extremely delicious salmon patties, let me tell you.  As I was making them last night, one thought kept crossing my mind: I was not in the mood for a basic, plain, old salmon patty.  You know what a regular salmon patty is?  It is boring, that’s what. You know what else can feel a little monotonous?  Reviewing…
The June 2019 Director’s Cut was released last week, on August 15, 2019, by Director Lynn Helms, NDIC Department of Mineral Resources – a full copy of the June 2019 Director’s Cut can be found here. It contained some noteworthy info… The June 2019 Director’s Cut reported the following new all-time high production records in North Dakota: June 2019 Oil Production was 1,424,625 barrels/day and originated primarily from the Bakken and Three Forks June…
Navajo Transitional Energy Company, a wholly owned limited liability company of the Navajo Nation, is about to close a big deal that will substantially impact Wyoming, and potentially the country as a whole.  According to the Casper Star Tribune article entitled, Navajo Nation Coal Company Receives Approval to Purchase Cloud Peak Mines, Navajo Transitional Energy Company was the successful bidder and has received court approval to purchase the Wyoming’s Antelope and Cordero Rojo mines,…
Wyoming is business friendly and has been taking efforts to streamline conflicts related to companies doing business in the Cowboy State.  On March 15, 2019, Governor Gordon signed into law an act of the 2019 Wyoming legislature, Senate File 104, which created a Chancery Court – check out the press release issued by the Wyoming Judicial Branch here.   What is the purpose of the Chancery Court? The Chancery Court is a specialty…