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 bust in commodity prices if approved by voters in November.”
So what exactly would Colorado’s ballot proposal mean for the oil and gas industry?