While the regulatory environment in Colorado has made drilling for oil and gas a bit tougher, the investment may still be worth it.

“The reason you shouldn’t count [Colorado] out is we’re figuring this out—we’re figuring out the model that I think will bring us into the future,” Dan Haley, CEO of the Colorado Oil and Gas Association (COGA), said during Hart Energy’s recently held DUG Bakken and Rockies virtual conference. 

Given the regulatory environment, Colorado oil and gas is responsibly produced, meaning that in this ESG-centric world there’s opportunity ahead for producers in the state, according to Haley.

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