The investments at 11 sites should create 35,000 temporary construction jobs and 12,000 permanent jobs, Chief Executive Darren Woods said in a speech at CERAWeek, the world's largest gathering of energy executives.
Colorado health officials say air monitoring and a dozen existing studies on air pollution from oil and gas sites indicate the risk of harmful effects on humans appears to be low, but they stressed that more study is needed.
Saying that he had heard some state leaders complain about federal regulatory delays, US President Donald J. Trump told a delegation of US governors that his administration will try to remove federal regulatory roadblocks that have delayed important projects for environmental reasons.
President Trump has promised to roll back federal regulations to help U.S. oil and natural gas and to open up new areas for development. The administration's energy priority is to "unleash America's $50 trillion in untapped shale, oil, and natural gas reserves."
Colorado Attorney General Cynthia Coffman asked a state court Tuesday to overturn Boulder County's moratorium on oil and gas drilling, accusing the county of openly defying state law and the state Supreme Court.
Two US senators introduced separate bills aimed at restricting federal regulation of hydraulic fracturing in onshore oil and gas activities. Both measures were referred to the Energy and Natural Resources Committee, where they may be combined before being considered.