Colorado E&Ps Gird for Ballot Measure Fight

August 3, 2018

A new study in Colorado predicts catastrophic crippling of the oil and natural gas industry if a proposed ballot measure to lengthen the setback requirement for new drill sites to 2,500 feet from 500 feet is passed in November.

Monday (Aug. 6) is the deadline for measures to qualify for the November ballot. Pro-industry organizations are assuming that Initiative 97 designating the new setbacks will have a spot on the ballot.

A study funded by Colorado real estate, banking and economic development interests done by researchers Chris Brown and Zhao Chang at the Colorado School of Mines Mineral and Energy Economics Program concluded that by 2030 there would be $110-141 billion of lost oil and gas production tied directly to Initiative 97 if it were to pass.

Spokeswoman Karen Crummy of the pro-industry group Protect Colorado said opposition efforts are "moving forward as if the measure will make the ballot." Initiative 97 effectively "bans oil and gas development in the state and will be economically devastating to Coloradans."

Read more on NGI's Shale Daily...

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