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CPC hosts State of Energy in Colorado event

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Hydrocarbon Engineering,

The Colorado Petroleum Council (CPC), a division of the American Petroleum Institute (API) has hosted the second annual State of Energy in Colorado event to discuss the future of oil and natural gas development in Colorado.

The event, which was held in Denver, was attended by API President and CEO, Jack Gerard, Governor John Hickenlooper, and Mayor Michael Hancock.

The oil and natural gas industry in Colorado supports more than 200 000 jobs and provided over US$26 billion in state economic activity and US$1.6 billion in revenue to the state in 2012 alone. School districts in Colorado received nearly US$202 million from oil and gas production property taxes in 2012, according to a study conducted by the University of Colorado Boulder’s Leeds School of Business. Gerard said: “Colorado is a role model for how to enact smart energy policies that protect the environment and workers and that promote responsible energy development […] Colorado has been a key driver in helping the United States become number one in production and refining of oil and natural gas in the world while also leading the world in reducing carbon emissions.

“Together we are setting a positive example for other states and the rest of world, enabling our nation to continue its leadership on energy and environmental stewardship.”

Tracee Bentley, Executive Director of the CPC, said: “As the seventh highest producer of oil and natural gas in the country, Colorado is at the forefront of our nation’s 21st century renaissance […] Forward-looking energy policies at the state level shine as an example of how best to responsibly develop energy resources to the benefit of our state economy, workforce, and all American consumers.”

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