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CM - PetroShare blames Colorado regulation as it files Chapter 11 - September 2019
Colorado-based E&P company PetroShare Corp. filed for Chapter 11 bankruptcy protection on Sept. 4, blaming the impact of regulation uncertainty in the state. The company, which operates at Wattenberg field in the DJ Basin, is looking to recapitalize but may sell some or all its assets. At YE18, its reserves were 7.325 MMboe. “The new Colorado regulatory environment governing oil and gas permitting in the state and the associated uncertainty on rule-making has made......
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