ConocoPhillips to begin oil exploration near metro Denver

By Howard Pankratz
The Denver Post
Posted: 07/30/2011 01:00:00 AM MDT

ConocoPhillips will begin oil exploration in four metro-area counties in what an industry expert characterized as a major step in development of the oil-rich Niobrara formation under Colorado’s plains.

Most of the 46,000 acres to be explored are adjacent to the north and east boundaries of the old Lowry bombing range in Arapahoe County.

“It is a big deal,” said Marilee Utter, president of Denver-based Citiventure Associates.

Utter, a consultant to the Colorado Land Board, is developing a leasing plan so thousands of acres of the former bombing range owned by the board can be auctioned off for Niobrara exploration.

Continue reading article at The Denver Post

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