The Clock is ticking for Oil gas in Colorado

Senate Bill 19-181, the oil and gas regulations bill, continues to advance in Colorado Legislature

The bill, which would change the mission and makeup of the Colorado Oil and Gas Conservation Commission, change forced or statutory pooling regulations and provide more local control over oil and gas development, has already passed three Senate committees and now two House committees.

Colorado Speaker of the House KC Becker, a co-sponsor of the bill who joined local legislator Rep. Rochelle Galindo, D-Greeley, at a roundtable discussion this past Saturday, provided a statement of her own. – greeleytribune.com

If the measure is enacted, the state’s cost for the 2019-2020 is estimated to be just over $995,000 for seven new employees — two deputy directors, an administrator, a toxicologist and a financial expert for the Colorado Department of Natural Resources. The state would net an estimated $3 million during that same year, from drilling application and permitting fees allowed under the bill, the bill’s fiscal note states. – gazette.com

“Why would I come in to this state and make an investment when I could go 100 miles north and they have just as good of resource and more consistent, dependent and reliable policies that I, an investor, can rely upon?” asked committee member, Rep Rod Bockenfeld, R-Watson.