The Colorado oil and gas industry is on the state’s endangered list, fighting a running battle with activists intent on stopping fracking. Now the industry faces renewed legislative challenges.
Oil and Gas Investor
A crew runs a production log on a previously completed dry-gas well near a pad development. The snow makes for difficult travel while keeping lines and pumps thawed in the event of a drilling shutdown. (Source: Ricardo Merendoni/Hart Energy)
Genuine fear ran through Colorado’s oil and gas industry in the runup to last November’s election.
At first, the ballot initiative, ultimately referred to as Proposition 112, hadn’t been widely viewed by the industry as a threat. The proposition was a masterpiece of subterfuge. It appeared to be an effort to push back drilling nearly half a mile from homes and schools. The legislation’s true, if masterfully veiled intent, was to kill off oil and gas on virtually all state lands.