Colorado voters reject tougher rules on oil and gas drilling [Reuters]
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Source: Reuters
Colorado voters reject tougher rules on oil and gas drilling | Reuters 3 Min Read Nov 7 (Reuters) - Colorado voters on Tuesday rejected a measure calling for greater distances between oil and gas drilling and public spaces, a move opponents said would have sharply limited new wells in the fifth-largest oil producing state in the nation. The measure was headed for defeat in an election that saw oil companies pour millions of dollars into efforts to combat the proposal. Shares of producers active in the state, including Anadarko Petroleum Corp, Noble Energy Inc and Devon Energy Corp, have been under pressure since the citizens’ initiative won a spot on the ballot. Known as Proposition 112, the measure would have mandated at least 2,500 feet (762 m) of separation between new drilling activities and occupied or vulnerable areas. It garnered about 43 percent of votes with more than three quarters of precincts reporting, according to data from the Colorado Secretary of State’s office. Passa
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