What Is the Climate Alliance and How Will it Impact Oil and Gas in Colorado?

In the wake of the United States’ decision to drop out of the Paris Climate Accord, several political leaders across the country have taken it upon themselves to form the US Climate Alliance. On Tuesday, July 11, Colorado Gov. John Hickenlooper became the latest state leader to join the crusade when he proclaimed that Colorado’s state agencies would reduce overall emissions throughout the state.

In Colorado, where the state’s oil and gas industry is a consistent economic boon, a pledge to reduce emissions sounds like the governor is putting the oil and gas industry in his sights. But how much real impact will this new Climate Alliance have on the state’s energy producers?

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Four Advances in Technology That Are Making Hydraulic Fracturing Safer and More Efficient

At every turn, new minds are working to find ways to make the process of extracting shale through fracking safer and more efficient. In a world where the only certainty in the oil and gas industry seems to be the increasing demand, companies have been forced to adapt new technologies month after month. This necessity has made the fracking industry one of the more technologically exciting in the world.

Here are some of the ways that the energy industry is supplying the world with shale thanks to a boost from new technology.

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The Decline in Active Wells Is Good News for Oil and Gas

Over the last six months, the United States oil and gas industry has seen incredible expansion. In June of 2016, the industry claimed 431 active rigs operating in the US. As of June 30, 2017, that number had leapt to 940 active rigs. Seven hundred and fifty-six of those are pumping oil, and 184 are extracting natural gas. The rise in production represents thousands of new jobs created since July of last year.

The last week in June, the United States’ overall rig count fell by a single rig. After 23 straight weeks of robust expansion in which the US oil and gas industry has reached 940 active rigs, the sudden downturn might strike some as a sign of trouble ahead.

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Anti-Fracking Protestors Refuse to Acknowledge Fracking’s Negligible Impact on Water

Among the myriad ongoing conflicts between anti-fracking protestors and the oil and gas industry, fracking’s supposedly harmful impact on nearby water sources is one of the most controversial. An integral part of the fracking process, water has been at the center of a debate that is still ongoing.

Frankly, the continued outrage over fracking and its relationship with water is getting increasingly shaky. New technology, industry pledges, and old-fashioned scientific evidence is proving that when done responsibly the extraction of shale through fracking isn’t a concern.

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