1. Brief Overview of Colorado’s Oil
Industry
Rutilio Martinez
Monfort College of Business
University of Northern Colorado
January 14, 2014

2. 60
Oil Production
Millions of Barrels
50
40
30
Colorado
Weld
20
10
0
0
2
4
6
8
10
12
Year
Average rate of growth between 2000 and 2012
Maximum production: 60 million barrels in 1956
Minimum production: less than 3 million in 1978 and in 1984
14

3. Gas Production
1800
1600
1400
Millions of Cubic Feet
1200
1000
Colorado
800
Weld
600
400
200
0
0
2
4
6
8
Year
Average rate of growth between 2000 and 2012
10
12
14

4. Contribution of Oil & Gas, Leisure & Hospitality, Health Care,
Scientific Research and Financial Services to Colorado's GDP
Year
Colorado's
GDP
Billions of
$
Oil
&
Gas
%
Leisure
&
Hospitality
%
Health
Care
%
Scientific
Research
%
Financial
Services
%
2007
2008
2009
2010
2011
2012
242.6
252.5
245.4
254.5
264.7
274.0
2.21
3.30
2.11
2.37
2.48
3.70
4.6
4.4
4.3
4.5
4.7
4.8
5.5
5.7
6.3
6.3
6.3
6.2
6.3
6.6
6.5
6.5
6.6
6.5
19.1
19.0
19.8
19.8
19.0
18.8

5. Contribution of Oil & Gas, Leisure & Hospitality
and Financial Services to Employment.
Year
Colorado
Millions
of Jobs
(December)
Oil
&
Gas
%
Leisure
&
Hospitality
%
Financial
Services
%
2007
2.35
1.11
11.66
6.70
2008
2.32
1.28
11.54
6.56
2009
2.21
1.08
11.74
6.58
2010
2.23
1.12
11.99
6.45
2011
2.28
1.31
12.05
6.33
2012
2.33
1.28
12.31
6.32

6. Wages in Colorado in 2012
State average: $49, 536
Average wage in the oil & gas industry
Baca: $25,152
Douglas:$76,368
Garfield: $43,536
La Plata: $44,736
Larimer: $42,576
Weld: $39,888
.
Tax Revenues
Oil & gas industry generated $1.6 billion in tax revenues in 2012
This is equivalent to $817 per household.

7. Countries where Hydraulic Fracturing is not allowed:
1. Bulgaria
2. Czech Republic
3. France
4. Germany
5. Luxembourg
6. Northern Ireland
7. Romania
8. Spain; in the province of Cantabria
9. Switzerland; in the canton of Fribourg