Oil & Gas Economy

A new report documents how the U.S. Bureau of Land Management's tilt toward extraction on public lands threatens wildlife and western sporting traditions.

Lucas Turner/KDNK

KDNK's Weekly News Reel takes a look at the week's top local and regional news stories aired on KDNK between Monday and Friday.

There’s been too much oil on the market since well before the coronavirus outbreak. But a recent agreement to cut production won’t be enough to prevent states in the Mountain West from taking a big hit.

 


The Colorado Oil and Gas Commission will hold a virtual hearing Monday to assess a more than $18 million fine on oil and gas operator Kerr-McGee in connection with the 2017 explosion in Firestone.

Colorado Fiscal Institute

KDNK News Director Lucas Turner speaks with Senior Economist Chris Stiffler about his report What 10 Charts Can Tell Us About How Recessions Affect Colorado. The report from Colorado Fiscal Institute covers state revenue, family income, Medicaid enrollments and more.

Ecoflight

Shale drilling in the US has produced record volumes of oil and natural gas in the last decade, but the industry and struggled to achieve profitability, racking up billions of dollars in debt. Now in midst of an international price war and global pandemic, the financial future of shale looks uncertain. To find out more, KDNK’s Lucas Turner spoke to attorney and freelance reporter Sharon Kelly about her recent article in Desmog Blog, titled Stock Market Turmoil Undermines Claimed Energy Dominance Benefits of US Shale Drilling

Molly Marcello / KZMU

After pressure from elected officials including Utah’s governor, the Bureau of Land Management dropped plans to auction off two parcels for oil and gas leasing near Arches National Park. The parcels overlapped the famed Slickrock Bike Trail and Moab’s sole source aquifer. KZMU’s Molly Marcello has more.

CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)
James Ennis


  A new study by media and analysis firm Corporate Knights reveals that Colorado's Public Employee Retirement Association (PERA) lost over 1.7 billion in retirement savings since 2009 by continuing to invest in fossil fuels. Climate activists hope the new data could convince PERA's Board of Trustees to take divestment action.

John Ciccarelli / BLM

A review of the U.S. Department of the Interior’s most recent oil and gas leasing data shows that since 2017, more than 60 percent of oil and gas leases were offered in water-stressed areas. KDNK’s Lucas Turner has more.


Oil & gas-dependent economies could take a hit in the future as investors grow tired of losing money on fracking operations. KDNK News Director Lucas Turner interviews Justin Mikulka, a writer for DesmogBlog about overspending, investor woes, and a shortage of tier-one acreage.