Lario Oil & Gas says a $600 million credit facility it has negotiated with Wells Fargo and others gives it flexibility as it expands in regions where hydraulic fracking has created an oil boom.
A judge will now decide the fate of Broomfield’s fiercely scrutinized election and whether to throw out a fracking ban that passed by just 20 votes.
Colorado regulators said Thursday they will consider whether new rules are needed after 13 oil spills were blamed on last September’s flood, but some county officials said the leaks were comparatively small and that the existing rules worked.
Election judges in Broomfield found “spoiled” ballots when they opened a box of ballots found separate from other material from the November election.
The recount shows Broomfield voters approved a ban on fracking within the city limits for the next five years by 20 votes.
Colorado’s largest oil and gas industry group has filed a lawsuit against two Front Range towns that voted last month to ban hydraulic fracturing, or fracking.
A recount of Broomfield’s vote on whether to ban hydraulic fracturing began Monday amid criticism from Secretary of State Scott Gessler about how the city handled the state’s new voter registration rules.
The results of Broomfield’s fracking vote won’t be known until later this month, at the earliest, and will likely be determined by a recount.
Colorado’s powerful oil and gas industry took a hit Tuesday when voters in three Front Range cities voted to ban hydraulic fracturing despite intense industry lobbying against the bans.
A ballot measure being voted on that would limit oil and gas hydraulic fracturing, or fracking, in Fort Collins, Boulder, Lafayette and Broomfield may automatically trigger a massive lawsuit from the state.