Colorado’s first comprehensive oil and gas development plan — a new mechanism aimed at better assessing and managing the cumulative impacts of drilling — was approved by state regulators Wednesday, paving the way for more than 200 new wells in Weld County.
Kerr-McGee, a subsidiary of Occidental Petroleum Corp., got a greenlight from Colorado Oil and Gas Conservation Commission for its Bronco Comprehensive Area Plan. The company will have six years under the plan to drill its wells.
The comprehensive area plans, or CAPs, were added to COGCC rules as part of the mandate under Senate Bill 181 for the commission to focus on protecting public health, safety, welfare and the environment and wildlife.
“The goal of the CAPS is to incentivize a holistic approach to development,”…
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