Experienced California Oil, Gas & Real Estate Representation

Proposal aims to tighten restrictions on drilling procedures

On Behalf of | Aug 31, 2018 | Uncategorized |

While drilling natural resources in California can provide a variety of economic benefits, if regulations are not followed, it can pose an immediate threat to the environment, as well as the people and wildlife that live nearby. As such, regulations are put into place to protect the investment of the drillers, as well as the safety and well-being of people who reside near the drilling site. 

In Colorado, lawmakers are working hard to modify previously written agreements to tighten restrictions on various drilling procedures. They say that their underlying intention is to put a greater distance between drilling sites. Additionally, they hope to maintain a considerable distance between drilling sites and the people who live within that radius. While there has been interest and support for the suggested changes, both have failed to make any kind of voting ballot in recent years. Opponents voiced concern about how such restrictions would affect economic performance, as well as how it would impact the number of people who would potentially be jobless. A recent surge in activity has put Colorado at number seven for states with the largest presence of natural gas exploration. 

When people are interested in working toward a new drilling opportunity, they may consider contacting an attorney. A legal professional who has worked with clients in the oil and gas industry can provide invaluable insight into strategies that can be used to maximize performance without compromising integrity or breaking the law.  

Source: U.S. News, “Colorado to Vote in November on Proposal to Toughen Oil Drilling Rules,” Aug. 29, 2018