Oil and gas firm plans Loveland fracking
LOVELAND — Oil and gas operator Magpie Operating, Inc. is planning a 2019 drilling operation in southeast Loveland that will include fracking, according to a Loveland Reporter-Herald report.
A Magpie representative told the newspaper that the company hopes to fast-track the permitting process before November’s election. Colorado voters will be deciding then whether to approve Proposition 112, which would expand oil and gas setback requirements.
If the drilling moves forward, many mineral rights holders in southeast Loveland could be eligible for financial compensation.
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LOVELAND — Oil and gas operator Magpie Operating, Inc. is planning a 2019 drilling operation in southeast Loveland that will include fracking, according to a Loveland Reporter-Herald report.
A Magpie representative told the newspaper that the company hopes to fast-track the permitting process before November’s election. Colorado voters will be deciding then whether to approve Proposition 112, which would expand oil and gas setback requirements.
If the drilling moves forward, many mineral rights holders in southeast Loveland could be eligible for financial compensation.
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