The competiveness of emerging renewable resources ie

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Unformatted text preview: tical factors, such as the implementation of the Clean Air-Clean Jobs Act, will play a role. Carbon Dioxide Colorado’s carbon dioxide production is marketed primarily for enhanced oil recovery (EOR) operations and secondarily for use in the food industry. In 2010, a total of 265 million cubic feet of CO2 were produced in four counties (Montezuma, Dolores, Huerfano, and Jackson), with the total production value estimated to be around $330 million. CO2 production levels and total values are on track in 2011 and 2012 to see significant increases over 2010. Total value in 2011 and 2012 may well exceed $500 million, although this value is based on uncertain pricing estimates. Drilling Permits COGCC reports 5,996 drilling permits were approved in 2010, representing a 16.2% increase from the 5,159 permits approved the previous year. For 2011, the commission approved roughly 3,227 permits in the first three quarters and is continued on page 24 23 2012 Colorado Business Economic Outlook Mining and Logging continued from page 23 projected to finish the year with approximately 4,800 approved permits in total. This decrease in total permits is due primarily to a new two-year permit scheme that became effective in late 2009. Additionally, horizontal wells take lon...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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