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Stock impact report

Colorado regulators approve controversial oil and gas wells near Aurora Reservoir [CBS News]

SM Energy Company (SM) 
Last sm energy company earnings: 2/19 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.sm-energy.com
Company Research Source: CBS News
In a narrow 3-2 vote, the Colorado Energy and Carbon Management Commission (ECMC) approved the permit for SM Energy's Sunlight-Long well development plan. The decision follows more than six hours of presentations and deliberations on Tuesday, marking the culmination of at least seven public hearings regarding the site's potential impact on the surrounding area. The approval allows for fracking operations to move forward approximately 3,000 feet from the nearest homes. Members of the community group Save the Aurora Reservoir (STAR) have fought the proposal for three years , citing concerns over air quality, water contamination, and the long-term health of residents. Commissioner Michael Cross, who voted in favor of the permit, noted that the project met and exceeded state requirements. As established by Senate Bill 19-181, the minimum setback for such developments is 2,000 feet. "This is not, to me, not protective because a large number of people are opposed to it," Cross said d Show less Read more
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