Coloradans for Responsible Energy Development (CRED) was created to help educate the general public about the energy, economic and environmental benefits of safe and responsible oil and natural gas development. Our message is simple and clear: get the facts on fracking first before you make a decision.
Even though the oil and natural gas industry has utilized fracking safely for over 60 years, most Coloradans admit to not knowing or understanding what it involves. We’re here to change that.
Get The Facts On Safety
Hydraulic fracturing – or “fracking” – typically lasts only 3-5 days, making it a brief and temporary step in today’s advanced oil and natural gas drilling development process. And while fracking may be a non-controversial technique within the energy industry, it’s often misunderstood.
The truth is, fracking has been safely used over 1.2 million times since 1947. Today more than 90 percent of oil and gas wells undergo fracking at some point during their lifespan, and neither the Environmental Protection Agency (EPA) nor the Colorado Oil and Gas Conservation Commission (COGCC) has ever found a connection to chemicals entering our groundwater as a result of the fracking process. Not only that, fracking plays a pivotal role in driving America towards achieving energy independence, while the oil and natural gas industry creates jobs and provides vital tax revenue to all levels of government. [source: Interstate Oil & Gas Commission and Independent Petroleum Association of America]
How Fracking Works For You
Did you know that fracking means big energy savings for the average family? Here’s how it works: fracking increases our domestic energy production in Colorado, ultimately reducing energy costs for all consumers. Thanks to the abundant domestic resources unlocked by fracking, the average U.S. household will save more than $900 per year from 2012 to 2015 and more than $2,000 per year by 2035. [source: IHS Global Insight, The Economic and Employment Contributions of Shale Gas in the United States]
The oil and natural gas produced from fracking is an important revenue source for our federal, state and local government. The oil and natural gas industry added almost $30 billion to Colorado’s economy last year. That’s $1.6 billion in tax revenue for things that are important – like Colorado’s schools, parks and roads. And statewide, the industry supports over 110,000 well-paying Colorado jobs. [source: University of Colorado Boulder Leeds School of Business, Assessment of Oil and Gas Industry 2012 Economic and Fiscal Contributions in Colorado]
According to the Colorado Oil and Gas Conservation Commission (COGCC), Colorado’s oil production broke 50-year records last year and is currently on pace to break that record again in 2013. Without a doubt, the oil and natural gas industry is growing in Colorado – and we think that’s a good thing for everyone. [source: COGCC Oil & Gas Production Update – April 2013]
Our Expert Voices
Anadarko Petroleum Corporation and Noble Energy, two leaders in the Colorado oil and natural gas community, formed CRED to provide scientifically sound information about fracking. CRED is a 501(c) 6 non-profit organization governed by a board of directors and counseled by an Advisory Committee with a strong commitment to the state of Colorado and its local communities. Unlike a trade association, CRED doesn’t focus on policy, legislative or regulatory matters. CRED’s core mission is to deliver solid facts directly to the people who need it most: you.
As industry leaders, Anadarko and Noble are among the most technically qualified to explain the practice of hydraulic fracturing to Coloradans. Independents like Anadarko and Noble drill 90 percent of the oil and natural gas wells in America and have deep ties to local communities.