The Colorado Oil and Gas Conservation Commission yesterday unanimously approved new rules that outline requirements for operators with facilities located within floodplains. The new rules implement several of the recommendations contained in the Commission’s “Lessons Learned” report published in March 2014 following the Front Range floods of September 2013. The nine-member Commission approved regulations designed to better protect oil and gas facilities that may be subject to flooding and that require more preparations from operators to reduce potential impacts. In addition, the new rules require operators, by April 1st, 2016, to establish an inventory of wells and critical equipment located within a floodplain and to register all such wells and equipment with the COGCC. Operators are also required to create a formal plan on how they will respond to a potential flood. The new floodplain rules is the latest of numerous steps undertaken by the COGCC to improve regulation of oil and gas development in Colorado.