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. Yet, overall, the volume of oil spilled continues to decrease—proving that Colorado’s regulatory framework works.