Contentious regulatory issues in Colorado have taken a back seat in the Denver-Julesburg Basin as companies slash activity under the weight of weak oil prices, which could provide a boost to the Kern River, Opal hub later this year as associated gas production declines in the region. DJ rig counts continue to fall amid crippled WTI crude prices, fueling lowered production expectations moving forward, which should pose upside risks to pricing, according to S&P Global Platts Analytics. Active DJ rigs have shrunk to 11, down from 26 one month prior and 28 a year ago. The price plunge prompted quick producer pullback. Last week, Denver-based PDC Energy announced it would cut salaries and offer voluntary buyouts in order to help reduce its 2020 capex budget from $1.1 billion to approximately $550 million. PDC produced 19.5 […]