DENVER (AP)-- Colorado oil production continues to increase as energy companies stake advantage of a recent rebound in crude prices.
Colorado Public Radio reports that the Energy Information Administration says drillers in the Niobrara region that includes much of northern Colorado will produce almost 580,000 barrels daily in March.
That's a 6 percent increase over February's expected production. Gas production also is expected to increase.
Drilling applications suggest more new wells are on the way.
The Colorado Oil and Gas Conservation Commission reported receiving 5,548 applications to drill last year, a 70 percent increase over 2016 and the most in at least six years.
Oil prices have risen sharply since last summer's low of $43 a barrel, to over $60 a barrel in recent weeks.
Information from: Colorado Public Radio
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