Saturday, February 2, 2013

Springs Council to hear fracking regulations

Posted By on Sat, Feb 2, 2013 at 10:37 AM

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The schedule is out, and it looks like February will be a busy, and critical, month for those following oil and gas development in Colorado Springs.

As we reported a couple issues ago, City Council looked eager to get through the process of drafting and approving the ordinance that would regulate (to the extent the city can) oil and gas drilling in the city. However, a host of questions brought that process to a standstill.

According to a press release, Council is awaiting answers to a number of its questions regarding:

· Economic value of oil and gas development to Colorado Springs
· Insurance/surety requirements
· Options available to protect parks from drilling
· Options for additional air quality monitoring at the well sites
· Options for hiring and funding inspectors
· Options for limiting availability of water for fracking during a drought

Council expects to get its answers at the Feb. 25 informal meeting, which begins at 1 p.m. Whatever the outcome, the first reading of the ordinance is slated for the March 12 formal meeting.

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