Colorado oil and gas regulators OK 1st rules under new law
DENVER (AP) — Colorado oil and gas regulators have approved the first set of industry rules under a new law that makes protecting public health and the environment the state’s top priority.
The Colorado Oil and Gas Conservation Commission on Wednesday put in place tougher requirements for “forced pooling,” a practice that allows an energy company to extract oil and gas owned by multiple parties and then distribute the profits among them.
The commission also approved a provision that allows administrative law judges and hearing officers to handle some decisions so the commissioners can focus on the writing the new rules.
The revisions are expected to take more than a year.
A public comment period before the votes was marked by testy exchanges between supporters and opponents of oil and gas drilling.