Denver Business Journal – by Cathy Proctor
Date: Monday, June 6, 2011, 2:18pm MDT
Colorado’s extensive rules and regulations governing the use of hydraulic fracturing to extract oil and natural gas will undergo a third-party review this summer.
The review will be by a panel that includes state regulators, environmentalists and industry employees, Dave Neslin, the director of the Colorado Oil & Gas Conservation Commission, said Monday.
Neslin spoke at a media briefing on the widespread but controversial use of “fracking” in Colorado oil and gas fields. Nearly all oil and gas wells drilled in Colorado are fracked, Neslin said.
The technique involves blasting water, sand and chemicals into rock formations thousands of feet underground that hold oil and natural gas. The technique creates cracks in the rock that allow the oil and natural gas to flow through the formation and into the well.
“Without hydraulic fracturing, we would not produce as much oil and gas as we produce today — nor would other states across the nation,” Neslin said. “We have a number of rules that protect public health, safety and environment. This is an issue that the agency is attentive to.”