Report: Colorado’s Oil and Natural Gas Industry

Activity Continues to Reflect Colorado’s Overall Share of Nation’s Fossil Fuel Reserves

Oil and natural gas extraction in Colorado is performing in line with regional and national trends, but the industry faces steep competitive challenges in today’s energy markets. The strength of crude oil prices relative to natural gas prices has driven a dramatic shift in drilling activity from natural gas to oil across the region and within Colorado. This context makes the recovery of a significant share of Colorado’s pre‐recession natural gas development activity somewhat remarkable.

This report uses graphical analysis to offer a snapshot of Colorado’s oil and natural gas industry, its direction, and implications for Colorado’s economy. The purpose of this report is to educate decision makers and the public about the current health of Colorado’s oil and gas industry, what factors are affecting the energy sector, and how the state can better benefit from its fossil fuel industry.

Mark Haggerty

For more information about this topic contact:

Kelly Pohl