Anadarko, Noble Energy Feeling The Benefit Of Shale Pullback

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Colorado Governor John Hickenlooper stated Monday that the state is looking to create an Oil and Gas Task Force, according to Bloomberg.

He also said that the present oil and gas initiatives should be removed, and the ballot initiatives will be pulled.

Basin-based natural gas producers, such as Anadarko Petroleum APC and Noble Energy NBL rallied sharply on the news, as these companies would likely feel the benefit of a pullback in shale production.

Shares of Anadarko Petroleum were trading more than five percent following the news conference, while shares of Noble jumped nearly six percent.

Posted In: NewsMoversColoradoJohn Hickenlooper
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