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Last week, the University of Colorado’s Leeds School of Business released findings from a study that investigated the economic consequences of the state’s ballot proposal no. 78. As Cathy Proctor, reporter with the Denver Business Journal, summarized in her recent article, “Ballot proposal No. 78, which calls for expanding Colorado’s existing 500-foot buffer zones around oil and gas operations to 2,500 feet, would be the death knell for an industry already reeling from a two-year
In spite of the undeniable momentum that his campaign had at times, perhaps it was inevitable that party favorite Hillary Clinton would top Bernie Sanders and take the Democratic nomination for President. As the Sanders’ campaign finally accepted defeat, though, surrender — and Sanders’ highly valuable endorsement of Clinton — would come with a few caveats. In order to get the Democratic Party somewhat healed and ready for a Trump-Clinton face-off, Clinton’s campaign was forced
One of the many ways that foes of hydraulic fracturing attempt to turn the tide of public interest against the industry is to strike at the industries that help fuel fracking projects. Which brings us to Wisconsin, which has been called the Saudi Arabia of sand, because of its incredible wealth of the product. While the industrial sand business is more than 100 years old, extracting sand for the hydraulic fracturing has brought the industry
“For an industry that is driven by innovation, the advent of horizontal and directional drilling paired with hydraulic fracturing has heralded an era of new beginnings and dramatically reduced operational footprint,” says new research collected by the Western Energy Alliance. “Companies are now able to do more with less, minimizing impacts on species and the landscapes they depend upon. Wildlife is truly gaining ground.” Despite the naysaying from critics of hydraulic fracturing, the oil and
For weeks now, the top story across the globe has been the United Kingdom’s controversial exit from the European Union. The vote, dubbed BREXIT, has rippled across the entire globe as the economy and the geo-political makeup of the world have suddenly shifted. While the dust settles over one of the biggest political firestorms in recent memories, the landmark vote will have short and long term implications for everyone across the globe. The oil and
After two years and several million dollars, Colorado State University has released the findings of an unprecedented air emissions study conducted at sites throughout Colorado. By all accounts, this potentially industry-rattling study would not have been possible without the assistance of the oil and gas industry itself. On June 14, Garfield County issued a press release announcing the completion of a three-year study entitled, “Characterizing Air Emissions from Natural Gas Drilling and Well Completion Operations
There’s a lot of misinformation published and discussed in the media about hydraulic fracturing, better known as fracking. However, when you dig into this highly-contested topic, you uncover some fascinating information that combats many of the false allegations levied against the oil and gas industry. Hydraulic Fracturing Began in 1947 Though the process of fracturing shallow wells can be traced back to the 1860s, fracking as we know it today began with the first hydraulic
According to the U.S. Geological Survey, the previous estimates for the amount of gas in the Mancos Shale formation in Colorado’s Piceance Basin were a teensy bit off. How far? About 4,000 percent. A recent report from the organization stated that the deposit may have as many as 66.3 trillion cubic feet of gas, as opposed to a 2003 estimate which put the number at around 1.6 trillion. This new estimate puts Colorado as the
Among the legislative issues facing Coloradans in the voting booth this November is the highly controversial initiative 63, or the “Right to Healthy Environment” Initiative. The petition still needs to clear the nearly 100,000 signatures required to become an official part of this November’s vote, but if it is put on the ballot, it could spell trouble for the oil and gas industry in the state. On paper, initiative 63 seems pretty unobjectionable. After all,
On November 8, there’s a likelihood that Colorado voters will encounter — among other tough decisions at the polls — Colorado ballot initiative #78, colloquially known as the Mandatory Setback from Oil and Gas Development Amendment. While the term “setback” in the bill’s title refers to physical location and not actual hindrances to the oil and gas industry, the dual meaning may very well be apt if the initiative is actually voted in by Colorado’s