The governor’s political appointees are working overtime to bypass Colorado voters and implement their own regulations aimed at shutting down our energy industry.
Under this new law, 10 communities have implemented short- or long-term oil and gas bans and drilling permits are down 60%. A recent economic analysis warned that cutting new oil and gas production in half would cost the state 120,000 jobs by 2030. Most immediately, we’ve already seen the effects with one operator going into bankruptcy blaming Senate Bill 181 for creating an uncertain environment and energy worker layoffs on the Western Slope.
Don’t let junk science and political agendas jeopardize Colorado jobs.
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Layoffs – ProPetro cuts almost 150 workers
According to Reuters workers at ProPetro are on the chopping block and more could follow if crude oil prices don’t stabilize. Crude prices have been heading downward and have shown no signs of recovering. Traders have blamed Trump’s trade war with China and the slowing world economy.
ProPetro Holding Corp (PUMP.N) this month cut about 150 workers, people familiar with the matter said on Monday, the latest sign of growing trouble in the oilfield services sector as U.S. shale producers reduce drilling.