Our FAQ section is here to provide clear, straightforward answers about our drilling process, investor access, energy insights, and more.
Who owns and operates Blue Chip Oil, Inc.?
Blue Chip Oil, Inc. is a privately held Colorado-based oil and gas company founded in 1984 by Timothy S. Hager, who continues to serve as President. With over four decades of experience in the Denver-Julesburg Basin, Tim Hager leads the company’s strategic lease acquisitions, drilling operations, and investor relations.
Where does Blue Chip Oil conduct its drilling operations?
Blue Chip Oil operates primarily in the Wattenberg Field of Colorado’s Denver-Julesburg Basin, one of the most prolific oil and gas regions in the U.S. The field contains up to eight producing formations within a 4,500 ft. section, including the Niobrara, Codell, and J Sand formations.
What makes the Wattenberg Field ideal for oil and gas production?
The Wattenberg Field is a basin-centered stratigraphic trap with low-risk drilling potential. It has produced over 9 trillion cubic feet of gas and 1 billion barrels of oil, thanks to its multiple stacked formations and favorable thermal gradients. More than 40,000 wells have been drilled here since its discovery in 1970.
How does Blue Chip Oil utilize fracking in its operations?
Blue Chip Oil leverages modern hydraulic fracturing to enhance production from tight formations like the Niobrara and Codell. Fracking allows the company to access previously unreachable reserves, improve well performance, and extend the life of existing assets—all while adhering to responsible drilling practice.
What are the environmental benefits of responsible fracking?
When properly regulated, fracking can:
- Reduce reliance on coal, lowering CO₂ emissions
- Improve air quality by displacing dirtier fuels
- Strengthen U.S. energy independence
- Create local jobs and boost regional economies
- Minimize surface impact through horizontal drilling
What formations does Blue Chip Oil target for horizontal drilling?
Blue Chip Oil focuses on the Niobrara and Codell formations, which are blanket zones ideal for horizontal drilling. These formations offer predictable production profiles and long reserve lives, making them attractive for both vertical and horizontal well development.
Is fracking safe for groundwater near Blue Chip Oil’s wells?
Studies show that with proper well integrity and disclosure mandates, fracking poses minimal risk to groundwater. In fact, surface water near regulated fracking sites has shown up to 14% improvement in quality, thanks to transparency and best practices.
What is the economic impact of fracking in Colorado?
Fracking has helped Colorado:
- Lower energy costs for consumers
- Generate tax revenue for schools and infrastructure
- Support over 3.5 million jobs nationwide by 2035
- Increase domestic oil and gas production, reducing imports
How can investors access their statements with Blue Chip Oil?
Investors can securely
to view your personalized reports, production summaries, and historical performance data. This portal ensures transparency and timely access to investment details.