COGA report: Oil, gas generates $1B in tax revenue

DENVER — Colorado’s oil and gas industry was directly or indirectly responsible for 89,000 jobs, $13.5 billion of the state’s gross domestic product, and $1 billion of state and local tax revenue in 2017, according to a recent report from the Colorado Oil and Gas Association.

The report, paid for by COGA and conducted by Global Energy Management Program at the University of Colorado Denver, was released amid efforts by oil and gas operators to highlight the contributions of the industry.

Colorado lawmakers are in the process of debating SB19-181, a bill that…