It’s a good news bad news situation for industrial real estate in Weld County these days. The latest oil and gas boom is driving up demand which in turn is creating a shortage of properties with features required by drilling companies.
As oil and gas drilling continues its march into more populated areas, there’s growing pressure on Colorado lawmakers to wade into a thorny battle escalating between the state and many local governments. Several bills that would give cities and counties more authority to regulate the controversial process of hydraulic fracturing are likely to be debated this session, even though it’s long been viewed as the state’s regulatory jurisdiction. KUNC’s Kirk Siegler reports on a series of tangled court rulings that got us to this point.
Matt Jones (D) Colorado State Representative, District 12
Credit Colorado House Democrats
A state lawmaker plans to introduce legislation as early as this week that would give local governments more authority to regulate hydraulic fracturing, a move that comes as many local governments have looked to limit or temporarily ban fracking within their boundaries.