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COGCC considering higher bonds to guarantee reclamation after oil and gas extraction is complete

 A drill rig sits on private land in the headwaters of the North Fork of the Gunnison River on July 23, 2021.
Chad Reich
/
KVNF
A drill rig sits on private land in the headwaters of the North Fork of the Gunnison River on July 23, 2021.

The Colorado Oil and Gas Conservation Commission is determining whether companies need to commit more money upfront. Financial assurance, commonly known as a bond, guarantees the state can afford to clean up a well site if a company goes bankrupt or walks away. KVNF’s Chad Reich reports for the Rocky Mountain Community Radio collaboration on fossil fuel transitions.

Copyright 2022 KVNF - Mountain Grown Community Radio

Chad Reich
News Director for RMCR partner station KBUT in Crested Butte.