Drilling

Drilling permits are down 60% in Colorado

Five months after the new anti frac law took effect, drilling permits are down 60% from the last decade average, one operator has declared bankruptcy, and 10 local communities have passed moratoriums on new drilling. – denver.cbslocal.com

The slowdown in hydraulic fracturing was expected by some major frac fleet operators, Some operators took the initiative and started laying off workers.

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