Economic and Workforce Aspects of Energy in Colorado

Economic and Workforce Aspects of

EnergyAvailable Resources

Scott Fast

• http://www.colorado.edu/business/sites/default/files/attached-files/2015%20Colorado%20Business%20Economic%20Outlook.pdf

Energy Data – Fossil Fuels• CO ranked 8th for petroleum liquids and 4th for natural gas production.• US Energy Information Agency’s most recent assessment (2012) of proved

reserves

• In Dec 2013, active gas wells totaled more than 18,000 in Colorado.

• CO Oil and Gas Conservation Commission: 4,025 drilling permits were approved in 2013. • 80% of 2014’s permitted wells located in Weld and Garfield counties

• 2013 wells drilled: 1904

• 60% of permits are for horizontal wells with 92% of those in Weld county

Energy & Natural Resources Data – Mining• 20% of coal sold outside of U.S. (2012)

• Coal in 8 counties (Routt #1, Gunnison #2)

• Aggregate: $700 million

• Molybdenum: $500 million

• Gold: $400 million

Energy Data – Renewables• 16.7% of electricity (2013) – almost all wind energy

• Average wind farm – 300 construction jobs to build, 25 to operate

• 48 hydroelectric generating stations produce 2.4% of CO electricity

www.colorado.gov/pacific/cwdc/colorado-talent-pipeline-report

Central Region Employment

www.sectorssummit.com/regional-data-profiles/

Eastern Region Employment

Northwestern Region Employment

www.sectorssummit.com/regional-data-profiles/

Southern Region Employment

www.sectorssummit.com/regional-data-profiles/

Western Region Employment

www.sectorssummit.com/regional-data-profiles/

College in Colorado www.collegeincolorado.org