December 20, 2012

Region’s oil fields drawing foreign investment

A growing number of Chinese and Indian oil companies have acquired stakes in Northern Colorado’s oil fields, a move sure to shift some profits outside Colorado and, for that matter, the nation.

Foreign interests have long snapped up stake in fields across the country, plowing billions of dollars in domestic producers. But the trend is still relatively new in these parts, fueled by the advent of horizontal drilling and fracturing.

Not everyone welcomes it. Beyond sending profits overseas, there are concerns about foreign interests accessing U.S. technology. Worries also exist about the extraction of American resources by foreign oil companies adding to…

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