Colorado Politics

Colorado poised to pass California for oil production

Oil production is booming in Colorado – so much so that the state is about to overtake California in the crude-oil output rankings, federal figures show.

Crude oil output in Colorado reached 451,000 barrels a day in April, according to data from the U.S. Energy Information Administration. That’s slightly less than in California, a traditional oil and gas powerhouse where production has been dropping gradually in recent years.

And by August, oil production in Colorado could hit a record level of 611,000 barrels a day, EIA projects.

One reason for the jump in production is that Colorado has a better network of pipelines to carry crude oil elsewhere than some other oil-producing states.

> RELATED: Drilling setback ballot measure would keep rigs off of most Colorado lands

“You’re seeing really good growth in Colorado production,” with oil companies now rushing to finish wells they previously drilled but weren’t operating, Andy Lipow, president of Lipow Oil Associates LLC in Houston, tells Bloomberg.

The Niobrara shale formation in northeast Colorado and neighboring states has been the focus of Colorado’s oil boom.

As recently as 2016, California ranked third among the states for crude-oil production (behind Texas, by far the biggest, and North Dakota). That year, Colorado ranked seventh.

The rise in production comes amid a debate in the state over how close to homes oil and gas operations should be allowed to get, and whether local governments should have a bigger role in regulating energy production.

Under one proposed ballot measure calling for a 2,500-foot setback for new wells from homes and schools, about 85 percent of the state and private land in Colorado would be unavailable for surface development by the oil and gas industry, according to an analysis by the Colorado Oil and Gas Conservation Commission.

Democratic gubernatorial candidate Jared Polis has been an advocate of tighter regulation of oil and gas production in Colorado.

An oil storage tank and a drilling rig sit beside a ranch near the town of Mead in Weld County in 2017. (AP Photo/Brennan Linsley, File)

PREV

PREVIOUS

WATCH: Albus Brooks looks back on terms as Denver City Council president

Albus Brooks’ two terms as president of the Denver City Council ended Monday evening. The council appointed Jolon Clark as its new president and Councilwoman Stacie Gilmore as president pro-tem. Brooks sat down with Kyle Clark on his last day as president to discuss affordable housing, why the council didn’t do more in regards to […]

NEXT

NEXT UP

Conservation Colorado released its annual scorecard. This Dem scored a 0.

Conservation Colorado released its annual legislative scorecard Tuesday, and the grades are extreme – either something to write home about or something to feed to Sparky, quickly. Unless, of course, you consider a big fat F from the environmental watchdog a badge of honor. Not surprisingly, all Democrats received a perfect score – except for Sen. Dominick Moreno […]


Welcome Back.

Streak: 9 days i

Stories you've missed since your last login:

Stories you've saved for later:

Recommended stories based on your interests:

Edit my interests