Entering text into the input field will update the search result below

Colorado floods shut nearly 1,900 wells

Sep. 17, 2013 6:32 PM ETAnadarko Petroleum Corporation (APC) StockHPR, APC, CVXBy: Carl Surran, SA News Editor1 Comment
  • Almost 1,900 wells in northeast Colorado have been shut in after last weekend's flooding, as operators worked to determine the impacts on oil and gas installations in the Denver-Julesberg basin, the state's richest field.
  • Analysts are beginning to consider the impact on Q3 production at Anadarko (NYSE:APC), Noble Energy (NYSE:NBL), Bill Barrett (BBG) and others, though the extent is still unknown.
  • APC says it had shut in 670 operated wells out of ~5,800, 250 of 2,535 tank batteries and 20 of 3,200 miles of pipeline; APC's Wattenberg holdings produced 106K boe/day in Q2, less than 15% of overall production.
  • NBL also has shut in wells; its acreage in the area produced ~100K boe/day as of late July, about 35% of overall production, Simmons says.
  • BBG has reported minimal impact on its Colorado acreage, with four wells shut in.

Recommended For You

Related Stocks

SymbolLast Price% Chg
APC--
Anadarko Petroleum Corporation