Colorado Residents and Oil, Gas Industry Continue Open Dialogue Efforts

"Just one example of the role oil and natural gas plays in the state and local economies can be seen in Weld County, the only county in Colorado with a budget surplus, where our company paid $75 million in taxes in 2012 - $30 million of which went to public schools (K-12).”

Earlier this year, Noble Energy, the state's largest leaseholder, announced plans to build Colorado's first dedicated liquefied natural gas plant. The $45 million plant in northern Weld County will be adjacent to a new $45 million natural gas plant the company is building in Keota, about 50 miles northeast of Greeley. The two plants, at a cost of $90 million, will produce up to 100,000 gallons per day and will have the capacity to process 30 million cubic feet of natural gas per day, respectfully.

"We continually look for ways to enhance our environmental performance, and this facility is expected to help improve air quality by enabling us to utilize natural gas we produce right here in Northern Colorado to power many of our local operations," said Ted Brown, Noble's senior vice president for its northern region, in a statement.

The company said it plans to use the LNG from its new plant in Weld County to run the company's drilling rigs and other heavy equipment in the Denver-Julesburg (DJ) basin. Noble also plans to sell the LNG to other energy companies working in the area.

Noble currently has several drilling rigs working in the basin and is investing about $1.7 billion in its Colorado operations this year.

"Our plan over the next five years is to invest some $8 billion dollars in wells and facilities in the area, and as a result there will not only be growth in Noble Energy employees, but we have some 120 contractors that support us in the field," Noble Energy Chairman and CEO Chuck Davidson said in a statement. "So there are many, many more jobs that are being created," he added. 


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