UPDATE 1-Colorado oil regulators endorse new drilling restriction [Reuters]
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Source: Reuters
UPDATE 1-Colorado oil regulators endorse new drilling restriction By Liz Hampton 2 Min Read (Adds comment from the Colorado Oil and Gas Association) DENVER, Sept 29 (Reuters) - Colorado’s oil and gas regulator this week gave preliminary approval for a rule to require a 2,000-foot (610 meter) separation between new oil and gas wells and public spaces, compared to as little as 500 feet currently. A final vote on the rule, which would go into effect next year, will take place in November. Colorado is the fifth-largest U.S. oil producing state, but its population growth has led to increased friction between the energy industry and environmental groups. Activists have tried to pass setback requirements that would make it more difficult to develop new wells, so far unsuccessfully. The new regulation would fit legislation passed last year that altered how the oil and gas industry is regulated in Colorado. It provides some leeway to meeting the spacing rule. Still, wider setbacks could hurt
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