Possible big Colorado oil find raising excitement (Denver)
The possibility of a big oil discovery in northern Colorado’s sprawling Denver-Julesburg basin has caught the attention of many in the state’s energy industry.
“If I’d pick any recent activity in the state of Colorado that has people excited in the oil and gas industry, this is it,” energy analyst Ward Polzin said.
The basin sprawls across northeastern Colorado and has produced oil — and natural gas — since the 1950s, but oil production has petered out over the decades.
That may change if the first official production numbers of a well called “Jake 2-01H” hold up over time.
Read the full story in the Denver Business Journal.
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