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The New North Dakota: Shale Oil Takes Off in Colorado

Posted by Institute for Energy Research on Dec 1, 2011 at 11:44 PM

The shale oil and shale gas revolution is coming to Colorado

imageThe shale oil and shale gas revolution is coming to Colorado, which already ranks tenth among the states in oil production.[ia] Thanks to new shale production in the Wattenberg Field, the Centennial State could almost triple its output and climb to fifth among the states, right behind North Dakota. And with that increase in oil production would be the additional benefits of more jobs, more state revenues, more housing demand, and economic prosperity to the citizens of Colorado.

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