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E&P Companies’ Rocky Mountain Highs Might Be Laid Low by Colorado Proposition

    Home Articles E&P Companies’ Rocky Mountain Highs Might Be Laid Low by Colorado Proposition

    E&P Companies’ Rocky Mountain Highs Might Be Laid Low by Colorado Proposition

    By emagstage | Articles | Comments are Closed | 29 October, 2018 | 1

    A proposition on Colorado’s November 6th ballot threatens to cut the state’s oil output by more than 50 percent and halt the development plans of many E&P companies in their tracks.

     

    If passed by the state’s voters, Proposition 112 will require new drilling sites, processing plants and gathering lines to be placed more than 2,500 ft from homes, schools and other so-called vulnerable areas.

     

    This would be a huge setback for companies like BP, Noble Energy, Anadarko Petroleum Company and others who have acquired significant acreage for E&P activities in the state. It would also seriously slow Colorado’s oil and gas production growth, which has climbed ten-fold since 2001 to reach 450,000 b/d earlier this year.

     

    Recent polls show Colorado voters fairly evenly split on the proposition, with 43 percent supporting it and 47 percent in opposition. As a result, oil and gas executives will be closely watching the voting numbers out of Colorado on November 6th.

     

    And, count on EnergyMakers Advisory Group to report the results and offer insights into what the outcome will mean for the industry.

    Colorado, E&P, Legislation

    Related Post

    • Proposition to Increase Well Setbacks Goes Down in Colorado

      By emagstage | Comments are Closed

      Colorado voters on Nov 6 defeated Proposition 112, a measure designed to increase oil and gas well setbacks from homes and businesses in the state. We reported on this particular piece of legislation last month,Read more

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    • Home
    • About
    • Services
      • E&P Services
        • Due Diligence and Transaction Support Services
        • Water Management Due Diligence / Disposal Risk Assessment
        • Midstream Water Management Advisory / Analytics
        • Facilities, M&A, JV, and Project Financial Modeling
        • Storage, Production, and Shut-in Strategy Development
      • Water Management
        • Water Management Advisory and Planning Services
        • Saltwater Disposal / Seismicity Avoidance / UIC Operations Planning and Risk Management
        • Water Sourcing / Supply Assurance
        • Facilities Sitting and Life Cycle Planning
        • Solid Waste Management
        • Permit Strategy, Operations Planning, HSEQ Compliance
        • Comprehensive Due Diligence Services, Technology Piloting and Commercialization
      • Data-on-Demand: Oilfield Saltwater Disposal and Injection Wells
    • Industry Report
    • Team
    • News & Events
    • Contact
    EnergyMakers Advisory Group