Industry disappointed by Colorados proposed Oil and Gas rules
Colorado's oil and gas companies, already reeling from low crude oil commodity prices, got their first good look today at draft rules from the state designed to calm years of controversy over big wells drilled in and around neighborhoods unused to such activity.
Energy companies would be required to discuss their plans with local governments when they want to drill eight or more horizontal wells near homes, or if they expect that the oil and gas coming out of the ground would require 4,000 barrels or more of storage capacity onsite, under one state proposal.
They also might see new state limits on the amount of time they have to drill a series of wells and bring it into operation.
Those and other proposed rules are contained in a draft posted today on the website of the Colorado Oil and Gas Conservation Commission (COGCC).