Colorado’s energy industry contributes billions to our state’s economy and supports hundreds of thousands of reliable, good jobs. See how Colorado schools, outdoors, and communities benefit from the energy our state provides.
Without fracking Colorado would not enjoy the employment rate and economic success it’s known for today.
In 2015, the oil and natural gas industry contributed more than $31 billion to Colorado’s economy and supported over 232,900 jobs. According to the Denver Business Journal, those oil and natural gas jobs “accounted for nearly 7 percent of the total state employment.”
In addition to supporting and creating Colorado jobs, the oil and natural gas industry generates more than $1 billion annually in revenues to state and local governments, school districts and special districts—funding schools, parks and roads across the state.
In 2015, the oil and natural gas industry contributed more than $31 billion to Colorado’s economy and supported over 232,900 jobs.
When Colorado sells natural gas, schools, state universities, state parks and public buildings all benefit. The money Colorado makes from collecting and selling natural gas goes directly back into the communities who deserve it the most.
Source: Global Energy Institute (2018)
Colorado is a state of small businesses—almost 98% of employers in the state are classified as a small business. Keeping energy costs low means these businesses don’t have to worry about keeping the lights on when they’re just getting started. Extracting something as necessary as Colorado’s natural gas supports businesses, large and small, across the entire state.
In fact, approximately 80% of State Land Board revenue comes from oil and natural gas development, providing money for Colorado schools.