Colorado drillers gear up for a fight as state Democrats introduce 'the most meaningful changes' to oil and gas regulations in 60 years.
Colorado drillers are gearing up for a fight after Democratic lawmakers proposed overhauling the state's oil and gas commission and reforming regulations that could create new roadblocks to fossil fuel development.
The legislation could curtail drilling in one of the nation's top oil and natural gas producing states, where advanced technology like hydraulic fracturing has sparked a production boom over the last decade. That could affect Colorado-focused frackers and larger drillers with a footprint in the state, like Anadarko Petroleum and Noble Energy.
Another measure would raise the threshold for the number of mineral rights holders that would need to give their approval before drillers can tap a shared pool of oil and gas, making it potentially more difficult to develop some reserves. The Colorado Petroleum Council and Colorado Oil and Gas Association accused the lawmakers of dropping legislation late on Friday and rushing a Senate committee hearing on Tuesday. The industry groups urged lawmakers to push back the hearing.
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