Report recommends changes to oil/gas regs

In the wake of last September’s floods, a new report from state oil and gas regulators recommends that oil companies maintain precise locations and inventories of wells and production equipment near waterways, that all new wells near waterways contain remote shut-in equipment, and that no open pits be allowed within a designated distance from the high-water mark of any given streams.

In the report, released Monday, staff of the Colorado Oil and Gas Conservation Commission said they would not recommend any new state laws to address flood damage in oil and gas fields, but that they would suggest changes to regulations…