Colorado Ramps Up Oil Production

0
July 11, 2014 at 4:06 pm  •  Posted in Oil and Gas  •  0 Comments

Oil and gas companies in Colorado produced a record-breaking 64.1 million barrels of oil last year, up 30 percent from 2012. The industry has more than doubled its rate of production in the state since 2008. “Carefully producing these important resources while fully protecting our communities and environment remains our focus,” said a representative from the Colorado Department of Natural Resources.

Of that, Weld County — where billions of dollars is being invested in new oil and gas wells, pipelines, processing plants — accounted for 51,929,899 barrels, or 81 percent of the state’s total production in 2013.

In 2012, the state produced 49,308,440 barrels of oil, and Weld County accounted for 36,643,485 barrels, or 74 percent of that year’s total, according to state records.

In 2008 — before the latest oil boom hit the state — Colorado’s energy companies produced 29,607,936 barrels of oil.

Colorado’s previous oil production record was 61,995,205 barrels, a mark the state hit in 1956, according to the COGCC.

View Full Article in: http://www.bizjournals.com/denver/blog/earth_to_power/2014/04/colorado-breaks-record-for-oil-production-in-2013.html?page=all

Leave a Reply

Read more:
How to Improve Efficiency on Factory Floors

Creating an appropriate sequencing system for bringing supplies and parts to a production floor can dramatically improve assembly line efficiency...

Close