IPAA Oil & Gas Producing Industry in Your State - Energy in Depth
IPAA Oil & Gas Producing Industry in Your State - Energy in Depth
IPAA Oil & Gas Producing Industry in Your State - Energy in Depth
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Sedgwick<br />
COLORADO<br />
Moffat<br />
Rio Blanco<br />
Routt<br />
Jackson<br />
Grand<br />
Larimer<br />
Gilp<strong>in</strong><br />
Boulder<br />
Broomfield<br />
Weld<br />
Adams<br />
Morgan<br />
Logan<br />
Wash<strong>in</strong>gton<br />
Phillips<br />
Yuma<br />
Garfield<br />
Eagle<br />
Clear Creek Denver<br />
Summit<br />
Jefferson<br />
Arapahoe<br />
Mesa<br />
Delta<br />
Pitk<strong>in</strong><br />
Gunnison<br />
Lake<br />
Chaffee<br />
Park<br />
Teller<br />
Douglas<br />
El Paso<br />
Elbert<br />
L<strong>in</strong>coln<br />
Kit Carson<br />
Cheyenne<br />
Montrose<br />
Fremont<br />
Crowley<br />
Kiowa<br />
San Miguel<br />
Ouray<br />
H<strong>in</strong>sdale<br />
Saguache<br />
Custer<br />
Pueblo<br />
Otero<br />
Bent<br />
Prowers<br />
Dolores<br />
San Juan<br />
M<strong>in</strong>eral<br />
Rio Grande<br />
Alamosa<br />
Huerfano<br />
Montezuma<br />
La Plata<br />
Archuleta<br />
Conejos<br />
Costilla<br />
Las Animas<br />
Baca<br />
Counties with oil and/or gas production<br />
Background Information<br />
Counties<br />
Number of counties 63<br />
With oil and/or gas production 37<br />
First year of production<br />
Crude oil 1887<br />
Natural gas 1893<br />
Year and amount of peak production<br />
Crude oil — 58,516 thous. bbls. 1956<br />
Natural gas — 1,217,865 MMcf 2006<br />
Deepest produc<strong>in</strong>g well (ft.)<br />
Crude oil 12,651<br />
Natural gas 18,535<br />
Year and depth of deepest well drilled (ft.)<br />
1987 22,092<br />
Cumulative number of total wells drilled<br />
as of 12/31/06 (exclud<strong>in</strong>g service wells)<br />
<strong>Oil</strong> wells 13,504 18%<br />
<strong>Gas</strong> wells 34,025 47%<br />
Dry holes 25,426 35%<br />
Total 72,955 100%<br />
Value of <strong>Oil</strong> and <strong>Gas</strong><br />
Average wellhead price<br />
(2006)<br />
Crude oil ($/bbl.) $ 63.80<br />
Natural gas ($Mcf) $ 6.12<br />
Wellhead value of production<br />
(2006, <strong>in</strong> thous. $)<br />
Crude oil $ 1,492,282<br />
Natural gas $ 7,361,265<br />
Total $ 8,853,547<br />
Average natural gas price<br />
(2006, $/Mcf)<br />
Residential consumers $ 10.45<br />
Commercial consumers $ 9.61<br />
Industrial consumers $ 11.53<br />
Electric utilities $ 6.22<br />
City Gate $ 7.61<br />
Severance taxes paid $196,668<br />
(2006, <strong>in</strong> thous. $)<br />
COLORADO<br />
Cumulative crude oil wellhead value<br />
as of 12/31/06 (thous. $) $22,780,004<br />
Cumulative production & new reserves<br />
as of 12/31/06<br />
Crude NGL Natural<br />
<strong>Oil</strong> (mill. bbls.) Total <strong>Gas</strong> (Bcf)<br />
Reserves 2,200 1,014 3,214 34,404<br />
Production 1,950 523 2,473 16,494<br />
38 AMERICA’S INDEPENDENT COMPILED BY <strong>IPAA</strong> FEBRUARY 2009
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