Colorado lawmakers pass law overhauling oil and gas drilling regulations

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Colorado lawmakers approved a bill on regulations governing the state’s oil and gas industry, over opposition by Republicans and industry groups. – link

The bill, which passed the state Senate by just three votes amid intense industry opposition, now heads to the desk of Democratic Governor Jared Polis. The law passed Wednesday comes as Colorado pumps record volumes of crude, primarily from the Denver-Julesburg basin situated on the outskirts of Denver. read more @ [bloomberg.com]

“While a few critical amendments were added that begin to address some of industry’s concerns and provide a degree of certainty to our member companies, our industry remains firmly opposed to this bill because it threatens one of the pillars of Colorado’s economy,” the Colorado Petroleum Council and Colorado Oil and Gas Association said in a joint statement. read more @ kdvr.com

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