Press

HNR: Colorado Shale - Permitting of West Denver Project

Posted by OilVoice Press - OilVoice

22-Oct-2018


Highlands Natural Resources plc (‘Highlands' or ‘the Company')

Colorado Shale – Permitting of West Denver Project

Highlands, the London-listed natural resources company, is pleased to announce that it has filed applications with the Colorado Oil and Gas Conservation Commission (‘COGCC') to establish drilling and spacing units to allow for up to a 104 well development programme at the West Denver Shale Oil and Gas Project. The Company has also expanded its landholding to 4,800 acres.

The Company will file up to 104 well permits with the COGCC prior to the November 6th vote on a change in the Colorado Revised Statutes, called Proposition 112. This Proposition aims to increase the well setback limits from 500-feet for occupied buildings and 1,000-feet from school structures to 2,500-feet for all structures and vulnerable areas. Although similar propositions have failed in the past, the Company has been advised that by filing the permits prior to the ballot it has minimized the potential risk posed by Proposition 112.

Highlands is in on-going discussions with various strategic and financial parties for the development of its West Denver Shale Oil and Gas Project. The Company aims to leverage its potential partners' capital commitments to develop the asset with minimal costs to the Company and retain a significant carried interest for all wells without dilution to its shareholders.

HNRHighlands Natural ResoucesonshorecoloradoUSAUnited StatesColorado ShaleShaleWest DenverCOGCC

More items from oilvoice


Equinor Deepens in Offshore Wind in Poland

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % inter ...

OilVoice Press - OilVoice


Posted 27 days agoPress > EquinorEquinor EnergyPoland +2

Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa Over Next Seven Years, says GlobalData

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘H2 2018 Production ...

OilVoice Press - OilVoice


Posted 27 days agoOpinion > GlobalDataNigeriaCrude +5

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

HONG KONG, Dec. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, Conoco ...

OilVoice Press - OilVoice


Posted 29 days agoPress > CNOOCChina National Offshore Oil CorporationChevron +11

Total Announces the Distribution of its Second 2018 Interim Dividend

The Board of Directors met on December 12, 2018 and declared  the distribution of a second interim dividend for the 2018 fiscal year of €0.64 per share, in accordance with the Board's decision of July 25, 2018, an amount equal to the first 2018 interim dividend and an increase of 3.2% compared to t ...

OilVoice Press - OilVoice


Posted 30 days agoPress > TotalDividend

Methyl Tertiary Butyl Ether Capacity Will Grow at a CAGR of 16.8% in India Over Next Four Years, says GlobalData

India's Methyl Tertiary Butyl Ether (MTBE) plant capacity is forecasted to grow at a compound annual growth rate (CAGR) of 16.8% from 0.211 million tons per annum (mtpa) in 2017 to 0.460 mtpa in 2022, according to GlobalData , a leading data and analytics company. The company's report: ‘ Met ...

OilVoice Press - OilVoice


Posted 30 days agoOpinion > GlobalDataIndiaMTBE
All posts from oilvoice