All Posts Tagged With: "colorado oil and gas industry"
Every year, the Obama administration pushes to raise the royalty rate on onshore oil-and-gas production, looking to channel more of the profits from extraction on public lands to federal and state coffers. The efforts have been unsuccessful. Today’s 12.5 percent rate hasn’t changed since the 1920s. Analysts say that low rate has cost Colorado taxpayers an estimated $300 million since Obama took office in 2008.2Dec2013 | admin | 0 comments | Continued
“The state is reaping the economic benefits of increased production while lessening the environmental impact of development. Plus, with the increased use of natural gas, the U.S. is witnessing the lowest carbon emissions in 20 years –
all of which is great news.”
Smog along Colorado’s Front Range is thickening again, exceeding federal standards, and government-backed scientists say the oil and gas boom is partly to blame. If the industry expands, scientists at a conference this week said, air quality probably will deteriorate.25Oct2013 | admin | 0 comments | Continued
Comments from the U.S. Environmental Protection Agency (EPA) on the recovery and clean-up efforts following Colorado’s historic floods directly contradict the fear mongering of environmental activists who have played politics with this tragedy since the beginning.8Oct2013 | admin | 0 comments | Continued
Colorado Department of Natural Resources head Mike King says the flood’s impact was enormous, but narrow. “Putting that in context of the volume, the amount of oil and gas would’ve been less than a half second worth of volume,” he said.30Sep2013 | admin | 0 comments | Continued
Assessment of Oil and Gas Industry 2012: Industry Economic and Fiscal Contributions in Colorado found that in 2012 the oil and gas energy industry pumped $29.6 billion into the state economy, supporting more than 110,000 high paying jobs.20Aug2013 | admin | 0 comments | Continued
Not surprisingly, wildfires are a constant threat in Colorado, with more than 23 million acres of the state being covered by forest.With an increasing amount of energy development taking place in forested areas and new threats emerging, the state’s oil and gas industry takes a proactive approach.19Aug2013 | admin | 0 comments | Continued
Companies will need to assess their workforce infrastructure to fully capitalize on the growth opportunity. In Colorado, the forecast is for nearly a
90 percent increase in employment for the state’s O&G industry from 2011 to 2021.
Only two areas in the entire world beat out the Mile High City for the brightest future for oil and gas industry careers, according to a new survey by Rigzone. In addition, unconventional oil and gas activity statewide created
77,600 jobs in 2012.
The 48 million barrels-level hasn’t been seen since 1960, according to state data, and its thanks mainly to the bounty being pulled from the Niobrara. “The Niobrara is the King Kong,” said Pete Stark, vice president for industrial relations at IHS, a Denver consulting firm that tracks energy.12Mar2013 | admin | 0 comments | Continued
The inaugural Rocky Mountain Oil & Gas Awards will be held in Denver on Tuesday 12 March 2013 at the Grand Hyatt Hotel. The awards celebrate the achievements of upstream & midstream companies, service providers and suppliers, twinned with the industry’s commitment to H&S, Environmental Stewardship and Corporate Social Responsibility.28Jan2013 | admin | 0 comments | Continued
Research shows shale energy production has already created more than 77,000 direct, indirect and induced jobs in Colorado. In addition, shale energy development will generate $1.4 billion in state and local government revenue this year and could be generating $2.4 billion a year by 2020.21Dec2012 | admin | 0 comments | Continued