Without fracking Colorado would not enjoy the employment rate and economic success it’s known for today.
Fracking, or hydraulic fracturing, first invented in 1947, describes the process of extracting oil or natural gas from rock formations through drilling – today, using a technique known as horizontal drilling – and then using high pressured water to move the gas or oil to the head of the well where it is collected.
Over 95% of the wells in the U.S. are fracked at some point during their lifetime. It’s a common, cost-effective way to access natural resources which have become a bedrock of Colorado’s thriving state economy.
Fracking brings good, reliable jobs to communities in Colorado. In 2015, studies show energy contributed more than $31 billion to Colorado’s economy, supported 239,900 jobs and paid more than $23 billion in wages. Fracking was a huge part of those contributions.
Colorado sits on the Niobrara – one of the largest shale formations in the world. Extracting natural gas from this shale formation is Colorado’s opportunity to have the booming energy economy other states enjoy.