Without a doubt, Colorado’s oil and natural gas industry is setting the bar worldwide for energy production. In 2016, the U.S. Geological Survey announced that the Mancos Shale formation in Colorado’s Piceance Basin held approximately 66.3 trillion cubic feet of natural gas. That’s about 40 times more natural gas than previously thought! In fact, Colorado has more natural gas in the Western Slope than the U.S. used in all of 2015!
Thanks to breakthroughs in fracking technology, Colorado is one of the largest natural gas producers in the U.S. and a global leader in energy production.
Whether you live in Eagle County or in the heart of the energy boom, safe, responsible energy sources like fracking have generated billions of dollars in economic activity, created thousands of good jobs, and increased funds for education, public safety, and our park system. But it doesn’t stop there.
In Colorado and across the United States, reliable energy sources like fracking have helped grow average household incomes with savings on everything from lower electricity bills to reduced gas prices. In 2016, gas prices across the country were the cheapest they had been in 11 years, making travel more affordable and saving Americans around $20 billion so far this year.
No matter how you do the math, oil and natural gas is critical to our economy. From schools to parks to Main Street, safe and responsible energy development helps power everything we love about Colorado.