Jobs and Economy

Colorado has rich oil and natural gas resources which yield thousands of jobs and billions in revenue for Rocky Mountain residents and the federal treasury.

According to Colorado Petroleum Council, the oil and natural gas industry in Colorado supports more than 200,000 jobs and provided over $26 billion in state economic activity and $1.6 billion in revenue to the state in 2012 alone. School districts in Colorado received nearly $202 million from oil and gas production property taxes in 2012 alone.

Colorado's crude oil production quadrupled between 2005-2015, and natural gas production increase more than 50% over the same period.  The state's vast fossil fuel resources include the Niobrara Shale, with resource estimates running as high as 2 billion barrels of oil. 

In 2015, Colorado produced 3 of every 100 barrels of Colorado crude oil, and 90% of that came from Weld County area.  The "Wattenberg" field, mostly located in Weld County, is the fourth largest US oil field ranked by proven reserves. 

An example, in 2015, the oil and natural gas industry employed 19,191 people, and had county distributions in excess of $40 million.   

This is a major economic driver for Colorado jobs and revenue, but also provides a stable, reliable source of energy for Colorado residents.  Nearly 75 percent of residential homes use natural gas as their primary energy source for home heating.

Read more: