Oil and Gas | KUNC

Oil and Gas

Matt Bloom / KUNC News

José Casillas knew something was wrong based on the number of burritos he was selling. As manager of Mi Gallo Giro, a small Mexican restaurant in Evans, he typically filled five big orders a week for oil and gas companies’ safety meetings, making 50 to 100 burritos for each one.

But last week, two of his regular customers called to cancel their orders. Another cut their request in half.

Oil prices bounced back a bit after President Trump said the Department of Energy would buy crude for the nation's strategic petroleum reserve.

"We're going to fill it right to the top," Trump said Friday in a wide-ranging news conference at the White House. He said it will save taxpayers "billions and billions of dollars" while helping an industry that's been reeling.

While oil prices increased nearly 5% after Friday's announcement, that was just a fraction of the amount they lost earlier in the week.

Weld County (left photo) and the Pipeline and Hazardous Materials Safety Administration (right photo).

State oil and gas regulators are seeking roughly $18 million in fines from the company responsible for the 2017 home explosion in the town of Firestone. It’s the Colorado Oil and Gas Conservation Commission’s largest fine ever issued against an operator, officials said.

Updated at 10:52 p.m. ET

Oil prices and stock indexes were in freefall Sunday after Saudi Arabia announced a stunning discount in oil prices — of $6 to $8 per barrel — to its customers in Asia, the United States and Europe.

Steven Bratman/CC BY 2.0

The massive Suncor oil refinery near low-income neighborhoods in Denver will pay roughly $9 million due to air pollution violations as part of a settlement that Colorado officials lauded as the largest ever for a single facility.

Matt Bloom / KUNC News

When the noise rattled through Valerie Stozki’s kitchen one recent evening, she’d finally had enough. The buzzing coming from outside was loud — so loud her son couldn’t concentrate on his homework. So, she got on the city of Broomfield’s website and started typing.

“Thankfully it just stopped,” Stozki wrote in a complaint filed with the city last month. “But at 9:30 at night, I want to be sleeping. Not trying to finish up homework.”

The culprit, Stozki noted, was a new oil and gas site situated just off the highway near hundreds of homes on Broomfield’s northeast side.

Matt Bloom / KUNC News

Colorado oil and gas drillers could slow down some operations as quarantines and flight cancellations due to the coronavirus reduce global demand for oil, analysts warn.

On the 100th anniversary of the Mineral Leasing Act of 1920, the nonpartisan group Taxpayers for Common Sense published a report Tuesday calling for an increase in the royalty rate on publicly owned oil and gas.

President Donald Trump somewhat misrepresented his administration’s role in the expansion of domestic oil and gas production during his State of the Union address Tuesday. 

Matt Bloom/KUNC

Hundreds of Colorado oil, gas and mining operators have not been reporting the full extent of their business operations to regulators, depriving the state of an unknown amount of tax revenue, according to a new audit released Tuesday.

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