COGCC Unanimously Approves Bayswater's Ruby 7-J Development

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Bayswater Exploration and Production

Jun 13, 2022, 08:37 ET

DENVER, June 13, 2022 /PRNewswire/ -- Bayswater Exploration & Production (Bayswater) is pleased to announce the Colorado Oil and Gas Conservation Commission (COGCC) unanimously approved Bayswater's Ruby 7-J Oil and Gas Development Plan (OGDP). The Ruby 7-J Development is planned for 32 horizontal wells near Ault, Colorado. This OGDP approval marks the second permit approved in the Denver-Julesberg (DJ) Basin for Bayswater under the COGCC's new regulatory framework.

During the hearing, the COGCC praised many of Bayswater's Best Management Practices (BMPs), including their efforts to reduce surface footprint by limiting well pads and storage tanks and mitigate emissions via vapor capture and compression technology.

"Our team has worked tirelessly over the past 18 months to ensure the Ruby OGDP met or exceeded county and state requirements," said Steve Struna, Bayswater President and CEO. "We strive to maintain positive relationships with landowners, stakeholders, and members of the communities in which we operate while producing a vital energy product safely and responsibly. We also deeply appreciate the thought and care the COGCC leadership and staff devote to each permit application. Ruby is the second OGDP we have had approved under the new rules, which further demonstrates our commitment to being a responsible operator in the DJ Basin and meeting or exceeding Colorado's stringent regulatory standard."

Bayswater will begin work immediately to implement the OGDP.

Bayswater is a private oil and natural gas exploration and development company employing multiple best-in-class practices focused on emission reductions and committed to responsible energy development and the belief that the development of oil and natural gas resources and the stewardship of a pristine, sustainable environment are not mutually exclusive. To learn more, visit https://bayswater.us/

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