Colorado's oil and gas industry is having a tremendous economic impact on Colorado, and on the country as a whole. The state's energy resources have the potential to create jobs and revenue, and to provide Colorado and America with more energy in the future
Colorado has rich oil and natural gas resources which yield thousands of jobs and billions in revenue for Rocky Mountain residents and the federal treasury.
Hydraulic fracturing is a means of extracting natural gas from shale formations. It is a proven technology and has been used since the 1940s in more than one million wells in the United States to help produce oil and natural gas.
Just as there are in any major industry, there are risks involved in oil and gas development and hydraulic fracturing. That's why the oil and gas industry has applied a century's worth of experience and knowledge to develop stringent standards, professional operational procedures and common sense regulations. Sometimes accidents will occur, and companies should be and are held accountable.
Increasing access to domestic sources of oil and natural gas is critical to putting our nation on the road to economic recovery and to meeting the energy needs of American consumers.
