The Energy Report: Jason, how did the recent flash flooding in Colorado impact the Wattenberg oil field?
Jason Wangler: It was a very nasty flood and all the companies on the ground are working hard to assess the damage. There have been reports of tank leakages and other problems. But the wells were turned off during the flood, so drilling operations were not affected much. The questions that remain are how much work is necessary to fix the roads? And when can the drillers safely turn the wells back on?
TER: Given the ever-present possibility of natural disaster, what type of emergency preparations do oil and gas drillers typically take? [Read more...]