Colorado posted a new record for oil production in 2014, with more than 82.8 million barrels of crude oil pumped from the ground. This 2014 figure is 27 percent higher than the 65.3 million barrels the state produced in 2013 (a number that topped the previous year’s production levels and also smashed what had been […]
Colorado Oil Growth
January 4, 2015 by Leave a Comment
According to the U.S. Energy Information Administration, Colorado’s growth in crude oil reserves ranked third behind North Dakota and Texas in the latest survey of the amount of oil buried in fields across the United States. Nationally, crude oil reserves (oil that can be pumped from the ground under current economic conditions using existing technology) […]