The Denver Post
Colorado's is sitting on top of as much as a billion barrels of oil, which could inject $4 billion a year in revenues into Colorado's economy, according to one estimate. Houston-based Anadarko made the oil-reserve estimate based on 11 horizontal wells it drilled in the Wattenberg Field in Weld County.
The company put the range of the reserves as equivalent to 500 million to 1.5 billion barrels of oil — about 70 percent of the production in oil, the rest in natural gas.
"This is going to have huge implications for the economy of Colorado," said Pete Stark, vice president for industry relations at IHS, a Denver-based consulting firm.
A reserve that size could generate 150,000 barrels a day and, assuming oil is $80 a barrel, provide more than $4 billion in annual revenues, Stark estimated.The total value of goods and services produced in the state in 2010 was $235.15 billion.
"Anadarko's announcement today shows once again that Colorado is a leader in the energy sector of our country's economy," Gov. John Hickenlooper said in a statement Monday. "We are thrilled to see the company plan a significant investment in Colorado."
Anadarko's wells had initial production averages of 800 barrels a day — with the best well producing 1,100 barrels a day.
To the State Colorado Oil and Gas Conservation Commission and the oil and gas industry: KEEP YOUR POLLUTION AND LIES!
Health over wealth. Being healthy and living in a healthy environment is worth more than any handful of pennies you bring to the table to the State and the citizens of Colorado! It would take all of your greedy profits to remediate all of the exempt loophole damages you force-feed Colorado, its citizens and the environment. We are not a National Sacrifice Zone and we will not die for your greed!
Safe Drinking Water
Contaminated Water Wells
Corroded Flow line
Produced Water Vault Sucked Dry (discharged into groundwater)
WE THE PEOPLE
Pump Produced Water into Rivers and Bodies of Water
Well bore Lost Pressure
Hole in Well bore
Old Cement Jobs
Contaminated water Wells
Volatile Organic Compounds (VOC)
Dioxins and Furans
No Environment Identity
Naturally Occurring Radioactive Materials (NORM)
Unrecovered Industrial Waste
Citizens Have No Rights
No Radioactive Materials Testing
Leaking Flow lines
Occupy Our Rights
Unknown Volumes of Produced Water Discharges
Class II Injection Wells
Pennies for Peasants
Jobs (my ass)