Weld County Officials, Oil Companies: Oil Boom Won't Be Affected By New Boom

04/26/2010 05:12 am ET | Updated May 25, 2011
  • The Coloradoan

After years of claiming Colorado's new oil and gas regulations will chase the energy industry and its jobs from the state, oil and gas operators and an industry group are now saying the rules will have little impact on future energy development here.

That comes after an oil well in northern Weld County's Niobrara Formation recently gushed more than 1,000 barrels of oil in one day. The gusher is giving the industry and Weld County hope that a new oil field with more than 17,000 wells could be developed near the Wyoming border, sending newfound economic prosperity pulsing through the region.

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