FORT COLLINS, CO — “The only oil and gas production company working in Fort Collins can go back to work.
The City Council late Tuesday voted to lift a citywide moratorium on oil and gas operations as it applies to Prospect Energy. The vote was 4-3, with council members Ross Cunniff, Bob Overbeck and Lisa Poppaw opposed.
Council members also approved by the same vote an amended operating agreement with Prospect Energy that spells out how it may work in the Fort Collins Field, an oil field on the northeast corner of city limits, as well as a 2-square-mile area near the Anheuser-Busch brewery.
The agreement holds the company to standards that are stricter that those of the Colorado Oil and Gas Conservation Commission, or COGCC, which regulates the oil and gas industry statewide, city officials said.”
— Kevin Duggan, The Coloradoan