NEW STUDY SHOWS IMPORTANCE OF OIL AND GAS ACTIVITY
A new economic study by the Business Research Division of the Leeds School of Business at the University of Colorado in Boulder demonstrates the vital role the oil and gas industry plays in our state’s economy. The study was released by the Colorado Oil & Gas Association (COGA). The study found that in 2012 the oil and gas energy industry pumped $29.6 billion into the Colorado economy, supporting over 110,000 high paying jobs. The study found that the industry contributed nearly $3.8 billion in employee income to Colorado households in 2012, or 2.8% of total Colorado salary and wages. Employment due to the oil and gas industry increased 17 percent from 2010 to 2012, adding over 7,600 jobs. The study looked at publicly available statewide data concerning employment, wages, property values, royalties, leases, severance taxes, rig and well counts, as well as production and prices. The report also found that the oil and gas industry generated a significant amount of tax revenue for school districts, as well as state and local governments. Severance tax revenue increased 158 percent from 2010 to 2012, generating $163 million last year compared to $63 million in 2010. In total, the oil and gas industry contributed nearly $1.6 billion in revenues to state and local governments, schools districts, and special districts, according to the report. You can find the complete report by clicking here.
RECLAMATION PROGRAM IN PICEANCE BASIN PROVING SUCCESSFUL
A five-year Colorado Parks and Wildlife research project is improving techniques to restore wildlife habitat in northwest Colorado’s Piceance Basin after intense energy development. The largest migratory mule deer herd in the country spends the winter in the basin and a small population of a threatened sage-grouse species lives there year-round. The Piceance Basin has also become a world-class energy field with thousands of producing natural gas wells and hundreds of new wells drilled each year. Several energy companies funded the $400,000 research project to improve the quality of reclamation work. The most promising techniques for restoring the wildlife habitat include creating a bumpy soil surface, re-seeding with a mix that includes large amounts of broadleaf plants, light application of a widely used herbicide to control weed seeds, and using a super-absorbent soil additive. Shell Oil, Marathon Oil, Encana, Exxon and WPX Energy funded the research and WPX has used the findings in reclaiming land after installing pipelines. For more information about the project, click here.
SMALL BUSINESS CENTER OFFERS WOMEN’S CONFERENCE IN SUMMIT COUNTY
The Colorado Small Business Development Center Network (SBDC) will host the 4th Annual Women’s Small Business Conference on October 17th. This annual event features a day full of breakout training sessions, one-on-one consulting and networking. Roxane White, Chief of Staff to Governor Hickenlooper, will be the luncheon’s keynote speaker. She will discuss how she learned to “lean-in” and successfully climb the ladder to become the governor’s “right-hand man.” The conference is offered annually in Summit County to help increase the sustainability and success of women-owned businesses throughout the region. The event promises to give female entrepreneurs new skills and insight in strategic planning, organizational processes, connectivity and marketing. For more information about the event, or to register, click here.
WELD COUNTY VOTES TO JOIN SECESSION
The Weld County Commissioners are serious about seceding and forming the 51st state. The County Commissioners yesterday voted to put the initiative on the upcoming November ballot. The idea would be to form with other disgruntled counties a new state with it’s own state and federal representatives. Reports say the commissioners believe over 85 percent of the county’s residents believe the question should be on the ballot. Other counties that have put the same issue on their upcoming ballots include Cheyenne, Sedgwick and Yuma, and others are considering the move. The Northeastern counties are fed up with Denver lawmakers deciding what’s best for their communities when it comes to issues like oil and gas and gun control. The proposed name for the new state would be North Colorado.
STEAMBOAT OFFERS PRESCHOOL ACTIVITY PROGRAMS
Steamboat’s Parks and Rec Department is offering a pre-school fall program for 3 to 5 year old potty trained kids. The program will run for a 13-week session on Tuesdays and a 12-week session on Thursdays. It starts September 17th and runs until December 19th. Children can register for the entire 12 or 13-week session at a discounted rate or for individual days. Tuesday’s program is a “Kids in the Kitchen with books” program. The cost is $195 for 13 sessions. Thursday’s program includes skating lessons, and the skates will be provided. The cost for that program is $225 for 12 sessions. Both programs are held at the Igloo from 9 to 11:30 in the morning. If you’re interested, call 879-4300.
STATE HEALTH DEPARTMENT SAYS TOXICOLOGY LAB’S RESULTS ARE RELIABLE
The Colorado health department says independent tests so far have confirmed the reliability of blood-alcohol testing by a state toxicology lab, which suspended blood-alcohol and -drug testing after a report raised questions about its work. Defense attorneys questioned the lab’s reliability after a consultant’s report noted complaints by some lab workers about blood samples kept in unlocked refrigerators and a supervisor making statements suggesting a bias, favoring prosecutors. The state lab sent about 800 of the thousands of specimens it has tested in the last 12 months to Indianapolis-based AIT Labs to be retested. The health department said that initial results from 265 specimens found essentially what the state lab found, confirming the reliability of the state’s tests. Results from remaining samples are expected in early September.