Colorado voters reject limitations on fracking

Voters in Colorado have rejected a measure that would have added buffer zones for new oil and gas drilling a...

Posted: Nov 7, 2018 12:55 PM
Updated: Nov 7, 2018 12:55 PM

Voters in Colorado have rejected a measure that would have added buffer zones for new oil and gas drilling areas.

The passage of Proposition 112 would have banned drilling of wells within 2,500 feet of occupied buildings, water sources and other "vulnerable" areas. But voters rejected it, with 56% of the state's voters saying no.

Business and industry sectors

Business, economy and trade

Colorado

Continents and regions

Elections and campaigns

Energy and utilities

Fracking

Government and public administration

Natural gas

North America

Oil and gas industry

Politics

Southwestern United States

The Americas

United States

Voters and voting

If approved, Colorado's flourishing oil industry would've been dealt a major blow because a chunk of the surging Denver-Julesburg, or DJ, basin in Colorado, would suddenly become off limits.

"We appreciate our fellow Coloradans' support for responsible energy development," said Chip Rimer, chairman of the Colarado Oil and Gas Association's Board of Directors, in a statement. "This measure was an extreme proposal that would have had devastating impacts."

Oil companies like Anadarko Petroleum (APC) and Noble Energy (NBL) own a large parts of land in the energy-rich state. Both company's stocks are up nearly 8% in premarket trading.

The oil and gas industry has spent more than $30 million to defeat the ballot question. But major celebrities, like actor Leonardo DiCaprio, came out for the proposition.

Article Comments

Fort Wayne
Few Clouds
48° wxIcon
Hi: 71° Lo: 43°
Feels Like: 43°
Angola
Clear
48° wxIcon
Hi: 67° Lo: 42°
Feels Like: 44°
Huntington
Clear
48° wxIcon
Hi: 70° Lo: 41°
Feels Like: 47°
Decatur
Clear
48° wxIcon
Hi: 72° Lo: 42°
Feels Like: 45°
Van Wert
Clear
48° wxIcon
Hi: 72° Lo: 42°
Feels Like: 45°
Scattered Showers Tuesday
WFFT Radar
WFFT Temperatures
WFFT National

Community Events