March 5, 2015

Weld County leads record oil production year for Colorado

Colorado’s crude oil production hit a record 82.8 million barrels in 2014.

The Denver Business Journal reported the milestone based on figures from the Colorado Oil and Gas Conservation Commission and noted that about 85 percent of the oil was produced in Weld County. The record figure eclipsed last year’s record mark of 65.3 million barrels.

The numbers come as oil prices have dropped 50 percent from last summer’s highs and several oil companies operating in the state have announced major spending cutbacks for 2015, Anadarko being the latest, saying this week that it would cut spending in Northern Colorado’s Wattenberg field by about 20 percent.

SPONSORED CONTENT

Solar Operations and Maintenance for Commercial Properties

One key qualification to consider when selecting a solar partner to install your system is whether they have an Operations and Maintenance (O&M) or service department. Since solar is a long-term asset with an expected lifecycle of 30 plus years, ongoing O&M should be considered up front. A trusted O&M partner will maximize your system’s energy output and therefor the return on your investment.

 

Colorado’s crude oil production hit a record 82.8 million barrels in 2014.

The Denver Business Journal reported the milestone based on figures from the Colorado Oil and Gas Conservation Commission and noted that about 85 percent of the oil was produced in Weld County. The record figure eclipsed last year’s record mark of 65.3 million barrels.

The numbers come as oil prices have dropped 50 percent from last summer’s highs and several oil companies operating in the state have announced major spending cutbacks for 2015, Anadarko being the latest, saying this week that it would cut…

Categories:
Sign up for BizWest Daily Alerts