Tags: Economic- Crisis | oil | drilling | colorado

Colorado Forms Oil Drilling Task Force

Thursday, 01 Mar 2012 08:49 AM

By Greg McDonald

New oil and gas discoveries in Colorado, which have led to some of the most intense drilling activity in the West, have prompted Gov. John Hickenlooper to create a task force to determine how best to regulate the industry, according to the Denver Post.
 
Hickenlooper, a Democrat, wants to avoid what the Post described Thursday as “a rash of local initiatives to control oil and gas drilling,” by clarifying state and local government roles.

“This is an important step to better define state and local jurisdiction regulatory structures as Colorado’s oil and gas industry continues to grow,” Hickenlooper said.

The Post noted the discovery of oil in the Niobrara formation, which stretches from El Paso County in east central Colorado to the Wyoming border, has led to a rush by various companies to buy up mineral leases and increase drilling.

The drilling was already so intense in the Front Range area of the state, that last year one county alone accounted for most of the activity in the western United States, the newspaper said.

As a result, at least 10 different municipalities and counties have developed their own drilling rules, which some companies have complained could stall projects.

“This makes attracting investment a real challenge,” Tisha Schuller, president of the Colorado Oil and Gas Association, told the Post.

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Admiral Robert Papp: 'Frozen' Could Be Good Climate Change Propaganda to Use on US Kids

Monday, 26 Jan 2015 07:18 AM

Admiral Robert Papp, a high-ranking Obama administrator, wants to use the magic of the movie "Frozen" to sell America's  . . .

Cleveland's '100 Percent Joke' Is What Browns Think of Manziel

Monday, 26 Jan 2015 07:00 AM

Cleveland quarterback Johnny Manziel was a "100 percent joke" in his rookie season, according to an unnamed Browns playe . . .

Mosquitoes Florida Keys: Should Genetically Modified Insects Be Used to Eliminate Their Kin?

Monday, 26 Jan 2015 06:24 AM

British researchers want to release millions of genetically modified mosquitoes in the Florida Keys to eliminate other m . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved