Colorado is a leader in Oil and Gas Development and Regulations
Colorado is a leader in responsible oil and natural gas development. Weld County, in Northern Colorado is the heart of oil and gas production. In order to protect the natural beauty of our state and the ability to responsibly develop our natural resources, Colorado has developed some of the strictest set of regulations in the nation. Competing interests can co-exist by developing processes that promote compromise and work effectively with all stakeholders. By developing a Memorandum of Understanding (MOU), and following the recommendations of the Governor’s Oil and Gas Task Force, local communities are ensured transparency and efficiency of the administration that oversees the development process. This allows the State of Colorado, to be an energy leader while protecting the health and safety of the community and the environment.
Quick Facts on Oil and Gas Development in Colorado and in the United States:
- Fracking has been successfully used more than 2 million times in the United States since 1947. It is a three to five day process, and more than 90% of modern day wells are fracked.
- Fracking increases our domestic energy production thereby decreasing dependence on foreign sources and reducing energy costs to consumers. The average US household will save more than $900 per year between 2012 and 2015.
- In 2012 alone, the industry generated $29.6 billion for the Colorado economy, translating into over 110,000 jobs and $1.6 billion in tax revenue.
- Fracking is heavily regulated in Colorado by both national and state agencies. These agencies include the Environmental Protection Agency (EPA), Colorado Oil and Gas Conservation Commission (COGCC), Colorado Department of Health, Bureau of Land Management (BLM), Occupational Safety and Health Administration (OSHA), to name a few. The regulations include the federal Clean Water Act and Clean Air Act.
- Fracking uses only 0.1% of Colorado’s water, and much of that water is recycled and re-used.
- Fracking fluid is made of 90% water, 9.5% sand, and 0.5% chemicals similar to the ones that can be found in hand soap, toothpaste and make-up remover. All companies are required to publicize their fracking fluid mixtures at fracfocus.org.
- There is more than a mile of impenetrable rock between where fracking takes place and Colorado’s water tables and aquifers. Wells that pass through the water table must be encased in multiple layers of cement and industrial grade steel. Colorado is the only state that requires water sampling before and after drilling takes place.