State Senator Josh Penry says new oil and gas rules have hit the industry hard and now he’s asking the agency who wrote them to make a few changes.
This week, Penry wrote a letter to the Director of the Colorado Oil and Gas Conservation Commission asking him to extend the shelf life of a drilling permit from one to two years.
In his letter Penry cites an article from the Denver Business Journal which quoted oil and gas executives as saying Colorado was the least attractive state for their business.
The Director of the Commission, David Neslin, tells 11 News this is the same issue he raised with the Commission last Tuesday.
He feels it definitely merits more talks as so much has changed over the years and things take longer to complete for dirllers.
However, he says the ultimate decision needs to be made by the Commissioners.
Neslin adds that he welcomes input from any legislator on the topic.