Producers wary as Colorado's oil, gas rules become law
Colorado Gov. Bill Ritter Jr., said that new regulations for oil and gas industry will grow in a sustainable manner consistent with the state of the economy, as he signed them to the right on 22 April. Manufacturers remain concerned that the rules will simply create more delays and costs.
"These have been developed with valuable input from people across the country and unanimously adopted by the Colorado Oil & Gas Conservation Commission [COGCC]. One to find the right balance, a balance that recognizes the importance of a healthy industry and the importance of a healthy community, water and environment," the governor said.
"In 1999, Colorado issued 1,000 drilling permits. Last year, the state spent over 8000. The new rules recognize the modern increase in drilling activity, as well as technological changes that have taken place in the industry over the past ten years. The rules also incorporate forward practice already used by companies such as Encan, Williams Gunnison and energy, "he said.
The regulations in force on 1 May on federal lands and began to apply the IV 1 for all other land in the country.
Several producers in the country has no comment on the assignment. "We've made outside of the Colorado Oil & Gas Association [COGA] because we do work under the new rules. I can talk about a good half hour, if it is off-the-record" in a company official told OGJ on 27 April.
"Our main message concerned the business environment for oil and gas companies in Colorado. Of course, the economic slowdown, the state government has created an uncertain business environment, where it could be more convenient to Louisiana or Texas," said Nate Strauch, communications coordinator for COGA.
"These have been developed with valuable input from people across the country and unanimously adopted by the Colorado Oil & Gas Conservation Commission [COGCC]. One to find the right balance, a balance that recognizes the importance of a healthy industry and the importance of a healthy community, water and environment," the governor said.
"In 1999, Colorado issued 1,000 drilling permits. Last year, the state spent over 8000. The new rules recognize the modern increase in drilling activity, as well as technological changes that have taken place in the industry over the past ten years. The rules also incorporate forward practice already used by companies such as Encan, Williams Gunnison and energy, "he said.
The regulations in force on 1 May on federal lands and began to apply the IV 1 for all other land in the country.
Several producers in the country has no comment on the assignment. "We've made outside of the Colorado Oil & Gas Association [COGA] because we do work under the new rules. I can talk about a good half hour, if it is off-the-record" in a company official told OGJ on 27 April.
"Our main message concerned the business environment for oil and gas companies in Colorado. Of course, the economic slowdown, the state government has created an uncertain business environment, where it could be more convenient to Louisiana or Texas," said Nate Strauch, communications coordinator for COGA.
