From the Associated Press (Dan Elliott):
“Today, with the signing of this bill, it is our hope that the oil and gas wars that have enveloped our state are over, and the winner is all of us,” said Polis, a Democrat.
The state has struggled for years to balance the interests of the booming industry against growing concerns of people who live nearby drilling rigs, wells and tanks.
Colorado ranks fifth nationally in crude oil production and sixth in natural gas. The industry says it contributes $32 billion annually to the state economy, including taxes and 89,000 direct and indirect jobs.
But fast-growing communities north of Denver are spilling into the state’s most productive oil and gas area, the Wattenberg field, sparking complaints about noise and pollution and provoking fears about explosions…
Supporters said the law brings much needed protections for Colorado’s booming population, its environment and its growing recreation industry.
Opponents warned the law could stifle a major industry, kill jobs and shrink tax revenue.