Fact Sheet - Community Impacts - COLORADO OIL AND GAS ASSOCIATION

Community Impact

10/7/2019

Corporate and social responsibility is not a new concept, but oil and natural gas companies are working hard to impact every corner of the state and foster positive societal and community investment.

Corporate and social responsibility is not a new concept, but oil and natural gas companies are working hard to impact every corner of the state and foster positive societal and community investment.

In 2018 COGA member companies and their employees volunteered over 70,000 hours and donated $17.6 million to local non-profits. Industry employees engaged in 8,874 volunteer days or charity events throughout 2018 and their impact is sizeable.

Investing in Colorado by the numbers

2,500 backpacks packed and donated

200 bikes built and donate

5,000+ hygiene kits provided to Colorado homeless

534 blankets made

New homes built for Habitat for Humanity

$332,000 donated to Tennyson Center for Children

5,000 toys donated

250,000 meals prepared and served

$176,630 raised for the Boys & Girls Clubs Weld County

Areas Served by Colorado's Oil & Gas Industry

Impacting Local Schools

Even Coloradans that don’t directly benefit from the oil and gas industry’s charitable giving benefit from the taxes paid by the industry. Colorado schools K-12 and higher education receive on average $600 million through annual taxes paid by the oil and natural gas industry.

Over the past decade, Colorado operators have paid an average of $134 million a year in severance taxes to support school districts, municipalities, and water projects throughout the state. Oil and natural gas operators also pay more than $350 million annually in the form of ad valorem taxes that benefit local school districts. Finally, the Colorado State Land Board owns 4 million acres of subsurface mineral rights, which also generate more than $100 million annually for Colorado schools.

COGA Community Impact Report

Oil and natural gas companies and their employees in Colorado have consistently given back to the communities where they live and work through volunteer efforts, community leadership and philanthropic giving. According to the Colorado Oil & Gas Association’s second annual Community Impact Report, COGA members gave more than $17 million to non-profits throughout the state over the past year.

The report includes data from the 62 member-companies who responded to a request for non-profit donations and volunteer hours. It demonstrates the corporate efforts that are assisting families in need, advancing health care research, improving educational opportunities, and continually serving the communities where Colorado’s oil and natural gas workforce live and work.

“For many years, the oil and gas industry has gone above and beyond in supporting our mission with generous philanthropic outreach and countless volunteer hours, all of which directly impact our ability to shape, change and save lives."

Terry Adams, Executive Director for the Boys & Girls Clubs of Weld County