Oil production is booming in Colorado — so much so that the state is about to overtake California in the crude-oil output rankings, federal figures show.
Crude oil output in Colorado reached 451,000 barrels a day in April, according to data from the U.S. Energy Information Administration. That’s slightly less than in California, a traditional oil and gas powerhouse where production has been dropping gradually in recent years.
And by August, oil production in Colorado could hit a record level of 611,000 barrels a day, EIA projects.
One reason for the jump in production is that Colorado has a better network of pipelines to carry crude oil elsewhere than some other oil-producing states.
Read more at Colorado Politics: https://bit.ly/2JwzCZn
