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Colorado floods shut nearly 1,900 wells

  • 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 (APC), Noble Energy (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.
Comments (1)
  • Stone Fox Capital
    , contributor
    Comments (6086) | Send Message
     
    while useful to know the impacts, this is the type of general work that does an investor and not a trader not much good. The short-term impact from a flood isn't meaningful to valuations.
    17 Sep 2013, 06:48 PM Reply Like
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