Analysts grill Anadarko chief on aftermath of Firestone explosion

DENVER BUSINESS JOURNAL - Analysts from across the country grilled Anadarko Petroleum Corp. executives Wednesday during an hour-long scheduled first quarter conference call, asking about the potential fallout for one of Colorado’s biggest energy companies and the industry after an old well was linked to a fatal home explosion in Firestone on April 17.

Firestone fire officials on Tuesday said the cause of the explosion was natural gas leaking through an old pipeline that should have been, but wasn't, disconnected from an old well owned by Anadarko and located about 178 feet from the home at 6312 Twilight Ave.

Gov. John Hickenlooper and the Colorado Oil and Gas Conservation Commission late Tuesday issued a sweeping order to energy companies to inspect and report on the status of pipelines at every well across the state — starting with those that are within 1,000 feet of homes and occupied buildings.

It was clear from the opening moments of Wednesday’s call, which started at 7 a.m. Mountain Time, that the explosion and aftermath were on the minds of the executives and the analysts who follow it.

Read more at the Denver Business Journal: http://bit.ly/2pInG0r

(© 2017 American City Business Journals)


JOIN THE CONVERSATION

To find out more about Facebook commenting please read the
Conversation Guidelines and FAQs

Leave a Comment