Both the Colorado Oil and Gas Association and the bill's sponsor said the moratorium was an unnecessary move.
While there may be a need a constructive dialogue about hydraulic fracturing in Colorado, legislative acrobatics in the General Assembly aren't the way to meaningful and lasting reforms.
While the political process in Colorado plays out, oil and gas industry analysts expect minimal impact to the major players in the D-J Basin. Here’s why.
Colorado’s Senate Finance committee voted on 4-3 on March 7 to move Senate Bill 19-181 to the Appropriations Committee, which will hold its hearing on March 8. Meanwhile, opposition to the bill and it quick move through committee emerged.
Dan Haley, president and CEO of the Colorado Oil & Gas Association (COGA), and Tracee Bentley, executive director of the Colorado Petroleum Council (CPC) released a joint statement on March 3 concerning the introduction of the Colorado Senate Bill 19-181.
Here’s a snapshot of energy deals from the past week including a $1.6 billion midstream deal in the Bakken and the closing of Encana’s multibillion-dollar acquisition of Newfield Exploration.