First comprehensive oil and gas drilling plan under Colorado’s new regulations gets go-ahead – By Mark Jaffe (Colorado Sun) / Aug 11, 2022
24,000 acre Bronco CAP sets plan to drill 209 wells over 6 years. It’s the smallest in area of three drilling plans Colorado regulators are considering.
Colorado’s first comprehensive oil and gas development plan — a new mechanism aimed at better assessing and managing the cumulative impacts of drilling — was approved by state regulators Wednesday, paving the way for more than 200 new wells in Weld County.
Kerr-McGee, a subsidiary of Occidental Petroleum Corp., got a greenlight from Colorado Oil and Gas Conservation Commission for its Bronco Comprehensive Area Plan. The company will have six years under the plan to drill its wells.
The comprehensive area plans, or CAPs, were added to COGCC rules as part of the mandate under Senate Bill 181 for the commission to focus on protecting public health, safety, welfare and the environment and wildlife.
“The goal of the CAPS is to incentivize a holistic approach to development,” commission spokeswoman Megan Castle said.
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