$0 $20 $40 $60 $80 $100 $120 0 5 10 15 20 25 30 35 40 45 50 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 CRUDE OIL PRODUCTION AND PRICE $0 $1 $2 $3 $4 $5 $6 $7 $8 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 NATURAL GAS PRODUCTION AND PRICE Million Barrels Produced US$ Per Barrel Oil COLORADO GEOLOGICAL SURVEY he total 2011 estimated value of Colorado produced oil and gas is $10.5 billion. This represents a fourteen percent increase over the 2010 value of $9.2 billion, but is still short of the nearly $14 billion that the state generated in 2008 when natural gas prices were elevated. Garfield and La Plata counties were the largest contributors to the state’s $6.6 billion in natural gas production. For oil produc- tion, more than 80% of the total $3.4 billion value comes from Weld and Rio Blanco counties. FACT SHEET Strong commodity prices continue to strengthen the value of Colorado’s oil production; the value is up ten-fold since hitting a low in 1998. Oil production has increased steadily over the past decade, reaching 38 million barrels in 2011. CRUDE OIL NATURAL GAS Colorado ranks 4th in the nation for gas reserves. Colorado produces more than a quarter of all coalbed methane in the United States. Natural gas production in Colorado has more than doubled since 2000 and is 7 times greater than in 1985. Depressed natural gas prices, however, can impact this growth. WELD MOFFAT MESA BACA YUMA LAS ANIMAS ROUTT GUNNISON LINCOLN GARFIELD LARIMER BENT KIOWA LOGAN RIO BLANCO ELBERT WASHINGTON DELTA KIT CARSON JACKSON ADAMS CHEYENNE PROWERS MONTEZUMA FREMONT MORGAN HUERFANO ARCHULETA DOLORES SAN MIGUEL PHILLIPS BOULDER ARAPAHOE LA PLATA SEDGWICK DENVER BROOMFIELD $7 $99.4 $399.3 $8.4 $5.9 $1.3 $166.4 $790.9 $16.6 $39.9 $55.8 $3.7 $3.9 $2845.1 $1.1 $154.1 $23.2 $22.9 $485.2 $9.6 $18.2 $39.4 $23.6 $0.1 $4.6 $36.1 $27.4 $7.8 $0.1 $3462.7 $133.7 $67.3 $1464.9 $6.7 $35.1 $3.2 $24 None < $1 million $1 - $10 million $10 - $100 million $100 - $1,000 million >$1 billion 2011 Colorado Oil & Gas Production Value 2011 Colorado Oil & Gas Production Value By County (Millions of Dollars) By County (Millions of Dollars) Oil Natural Gas Carbon Dioxide Billion Cubic Feet Produced US$ Per Thousand Cubic Feet Gas Colorado OIL and GAS OIL and GAS
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$0
$20
$40
$60
$80
$100
$120
0
5
10
15
20
25
30
35
40
45
50
1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010
CRUDE OIL PRODUCTION AND PRICE
$0
$1
$2
$3
$4
$5
$6
$7
$8
0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010
NATURAL GAS PRODUCTION AND PRICE
Mill
ion
Bar
rels
Pro
duce
d
US$ P
er Barrel O
il
COLORADO GEOLOGICAL SURVEY
he total 2011 estimated value of Colorado produced oil and gas is $10.5 billion. This represents a fourteen percent increase over the 2010 value of $9.2 billion, but is still short of the nearly $14 billion that the state generated in 2008 when natural gas prices were elevated. Garfield and La Plata counties were the largest contributors to the state’s $6.6 billion in natural gas production. For oil produc-tion, more than 80% of the total $3.4 billion value comes from Weld and Rio Blanco counties.
FACT SHEET
Strong commodity prices continue to strengthen the value of Colorado’s oil production; the value is up ten-fold since hitting a low in 1998.Oil production has increased steadily over the past decade, reaching 38 million barrels in 2011.
CRUDE OIL
NATURAL GAS
Colorado ranks 4th in the nation for gas reserves.
Colorado produces more than a quarter of all coalbed methane in the United States.
Natural gas production in Colorado has more than doubled since 2000 and is 7 times greater than in 1985. Depressed natural gas prices, however, can impact this growth.
WELDMOFFAT
MESA
BACA
YUMA
LAS ANIMAS
ROUTT
GUNNISONLINCOLN
GARFIELD
LARIMER
BENT
KIOWA
LOGAN
RIO BLANCO
ELBERT
WASHINGTON
DELTA
KIT CARSON
JACKSON
ADAMS
CHEYENNE
PROWERS
MONTEZUMA
FREMONT
MORGAN
HUERFANO
ARCHULETA
DOLORES
SAN MIGUEL
PHILLIPS
BOULDER
ARAPAHOE
LA PLATA
SEDGWICK
DENVER
BROOMFIELD
$7
$99.4
$399.3$8.4
$5.9
$1.3
$166.4
$790.9
$16.6
$39.9
$55.8
$3.7
$3.9
$2845.1
$1.1
$154.1
$23.2
$22.9
$485.2
$9.6
$18.2
$39.4
$23.6
$0.1
$4.6
$36.1
$27.4
$7.8
$0.1$3462.7
$133.7
$67.3
$1464.9
$6.7
$35.1
$3.2
$24
None< $1 million$1 - $10 million$10 - $100 million$100 - $1,000 million>$1 billion
2011 Colorado Oil & Gas Production Value2011 Colorado Oil & Gas Production ValueBy County (Millions of Dollars)By County (Millions of Dollars)
OilNatural GasCarbon Dioxide
Bill
ion
Cub
ic F
eet
Pro
duce
d
US$ P
er Tho
usand Cubic Feet G
as
Colorado OIL and GAS OIL and GAS
In the U.S. top 10! In the U.S. top 30!
#21 R
aton
Bas
in
#16 G
rand
Val
ley
#13 M
amm
Cre
ek
#10 W
atte
nber
g
#2 Sa
n Ju
an B
asin
#24 R
uliso
n#26
Par
achu
te
ColoradoGasFields
DID YOU KNOW?Colorado has all, or parts, of seven natural gas fields in the nation’s “Top 30” based on proved reserves - San Juan Basin and Wattenberg Field, are in the “Top 10”! For oil proved reserves, Wattenberg Field is also ranked #13.
For more information on minerals and mineral resources visit:http://coloradogeologicalsurvey.org/energy-resources/
http://oil-gas.state.co.us/
http://energy.cr.usgs.gov/oilgas/noga
Colorado Geological Survey Mineral Resources,U.S. Geological Survey National Oil and Gas Assessment,Colorado Oil and Gas Conservation Commision,Energy Information Administration,U.S. Department of Energy,Colorado Oil and Gas Association,
http://www.energy.gov
http://www.coga.org
http://www.eia.doe.govColorado Geological Survey
1801 19th St.,Golden, CO 80401
(303) 384-2655http://coloradogeologicalsurvey.org
Piceance BasinThis basin represents one of the “hottest” plays in the U.S., hosting four fields in the nation’s “Top 30” list in terms of natural gas reserves: Mamm Creek, Grand Valley, Rulison, and Parachute. Gas production is from the Paleocene – Upper Cretaceous Fort Union Formation and the Upper Cretaceous Mesaverde Group sandstones and coalbeds. Rangely is one of the largest oil fields in the Colorado Plateau Petroleum Province and is ranked #74 in the U.S. in terms of proved reserves. Rangely is currently 53rd in annual production volume. Oil is produced from the Permo-Pennsylvanian Weber Sandstone.
San Juan BasinThe San Juan Basin Gas Area of Colorado and New Mexico is second nationally both in terms of proved gas reserves and annual gas production (1.3 trillion cubic feet). Gas production is primarily from coalbeds of the Upper Cretaceous Fruitland Formation. Oil and gas are also produced from deeper Cretaceous rocks.
Raton BasinThe Raton Basin is the site of an aggressive coalbed methane play within the Upper Cretaceous Raton and Vermejo Formations. Currently, the Raton Basin of Colorado and New Mexico rank 21st in the nation in proved gas reserves.
Denver (DJ) BasinWattenberg has been an important field for the U.S. in terms of proved gas (10th) and oil (13th) reserves; it was also ranked 23rd for total oil production. In late 2009, a horizontal well was drilled into the organic-rich shales and limestones of the Niobrara Formation to the northeast of the Wattenberg Field. Using staged-fracking technol-ogy, this well produced 50,000 barrels of oil in its first 3 months and set off a new oil boom in Colorado. Rapid development of this shale-oil play continued through 2011 and is now expanding to other basins in the state.
OIL AND GAS FIELDS OF COLORADO
San Juan Basin
RANGELY
WATTENBERG
PARACHUTERULISON
GRANDVALLEY
MAMM CREEK
IGNACIOBLANCO
RATON COALBED METHANE (CBM)
FIELDS
Sand Wash Basin
Denver (DJ) Basin
PiceanceBasin
Paradox Basin
North ParkBasin
HugotonEmbaymentSan Luis
Basin
San JuanSag
SouthParkBasin
CanonCity
Embayment
Raton Basin
Flex rig in the Piceance Basin (photo by Vince Matthews).
Hydraulic fracturing in northeast Colorado (photo by Wayne
Rowe).
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