Home of the Rocky Mountains and the mile-high city of Denver, Colorado is experiencing renewed economic growth from hydraulic fracturing along the Niobrara Shale Play. By partnering with the agricultural community in Weld County, CO, the oil and gas industry has helped grow the area’s economy while maintaining its tie to the land.
In fact, between 2003 and 2012, oil and gas helped raise property tax revenue to a whopping $110 million per year, boosting Weld County’s total property valuation by 52 percent. The oil and gas industry also gave the state’s employment a boost – in 2012 alone, oil and gas contributed nearly $30 billion to the state’s economy and supported 111,500 jobs. Also in 2012, Colorado received a total of $1.6 billion in revenues from the oil industry – making a direct impact on state and local governments, as well as schools, hospitals and public safety forces in Colorado.