Erie reaches drilling accords with Encana, Anadarko

 

Oil Drilling Rig

Oil Drilling Rig

  Reporter- Denver Business Journal – Aug 29th

The town of Erie and two of Colorado major energy companies — Anadarko Petroleum Co. and Encana Oil & Gas (USA) Inc. — have reached memorandums of understanding over how new oil and gas wells will be drilled in the suburban Denver community.

The MOU’s are a new phenomenon in Colorado, which has seen a contentious tug-of-war in the past year between local and state governments over which jurisdiction has the authority to regulate the multi-billion-dollar industry.

The agreements, which are virtually identical, call for a series of “best management practices” that in some cases go beyond the state’s requirements for the oil and gas industry, Fred Diehl, the assistant to Erie’s town administrator, said Wednesday. The town council approved the agreements late Tuesday.

The agreements will take effect Sept. 3, the same day that Erie’s 180-day moratorium expires on processing oil and gas permit applications for local issues such as truck routes.

“Colorado is known for having some of the highest operational standards for the industry in the country — and we feel that Erie has just raised the bar,” Diehl said.

Continue reading at The Denver Business Journal

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