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Colorado: Economic Impact

By Greg Russell

As you know, we like to keep you posted on the economic impact studies done about the E&P industry (see here, for example, regarding an Ohio study).  The Durango Herald has a nice discussion on the potential impacts of increased oil estimates in Colorado:  "A dramatic increase in estimated oil in Colorado's northern Front Range is likely to produce at least $50 million a year in new severance taxes for budget-strapped state and local governments. *** While direct employment from new drilling won't be staggering, spinoff job creation will produce millions more in economic impact."

While "staggering" would be nice, it's not necessary ... really ...

Tags: Energy

Helping clients with their energy and environmental needs

You can expect to find news and breaking legal developments involving the crude oil and natural gas industries, alternative and renewable energy resources, and the latest environmental issues.