As Colorado oil production increases, smart and strong regulations are reducing oil spills. In 2014, the volume of oil spilled decreased by 38%. The fraction of oil spilled – .03% – is the lowest in 16 years and means the industry is containing more than 99.99% of all produced oil.
In 2014, stricter spill reporting requirements updated existing law so that any spills over 1 barrel (42 gallons) must be reported within 24 hours. Naturally, as a result of this stricter rule, more incidents have been reported. Overall however, the volume of spills continues to decrease—proving that Colorado’s strong regulatory framework works.
Want to learn more about fracking? What is in fracking fluid? How much water does fracking use? Click here to get the facts on fracking in Colorado – from our state’s stringent regulations to how it powers our economy and supports our communities.