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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.

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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

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Things continue to remain sparse in the oil and gas industry, and while public sentiment is almost inclined to cheer that development, the real victim of the industry downturn has been smaller oil and gas businesses across the country. While the industry’s financial hardships are expected to continue into the future, there’s hope on the horizon for the industry as a whole.

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