Oil and Natural Gas

Oil and natural gas have been part of Colorado’s history for over 150 years and is an important part of the state’s economy. Colorado is at the forefront of environmental regulation, developing and implementing some of the most stringent programs in the country.

2012 Economic Impact Study- CU Leeds School of Business

The oil and gas industry, along with nearly all extraction industries, inherently provides substantial economic benefits due to its integrated supply chain, high wage jobs, and propensity to sell nationally and globally. It brings in outside investment and often operates in rural areas where high-wage jobs are scarce and industry is fleeting. Much of Colorado’s oil and gas is sold outside of the state, contributing wealth to owners, employees, governments, and schools, all of which are beneficiaries of oil and gas revenues. In 2012, Colorado’s oil and gas industry recorded $9.3 billion in production value, accounting for some 29,300 di ... Read More »

Water Use

In 2012 COGA published Colorado oil and gas industry water usage facts, “Water Use Fast Facts”, which can be found at www.coga.org, under Fast Facts. In summary, the facts estimate water use for oil and gas development at 0.13% of Colorado’s total 2012 water use. That’s 6.5 billion gallons of water for the year at far less than one percent of all water use. These billions of gallons are compared with other users in the state and, despite being “billions” in number, they are the lowest of notable users, such as Irrigation (4497.5 billion gallons/year), Public Supply (315.4 billion gallons/year), and Mining (7.8 billion gallons/year ... Read More »

Fueled by CNG

Beginning in 2013, a whole different kind of animal will be unleashed into Colorado’s highly congested corridor between Glenwood Springs and Aspen. Alternatively fueled from a domestic supply produced right here in Colorado, it will be sustained at a cost lower and more stable than any diesel contemporary. After over a decade of planning and development by the Roaring Fork Transportation Authority (RFTA), a new breed of dinosaur will be brought to life, taking a bite out of congested highway traffic and deftly responding to economic changes: It is a rapid-transit fleet of 22 VelociRFTA buses that operate entire ... Read More »

Exciting as Space Exploration: The New Frontier of Oil & Gas Technology Innovations

Enjoy a good adventure story? The next frontier in innovation with revolutionary potential is in the energy business. Practices engineered decades ago are being refined with historical ramifications. These innovations have made inaccessible oil and gas resources now economically viable. This has implications for energy availability, security, affordability, and sustainability. Innovation is transforming exploration and production as we know it, with potential benefits for every aspect of our society. In this article, we highlight a few areas of exciting innovation in oil and gas exploration and production. Read More »