City of Loveland Extends Gas & Oil Moratorium

In light of the new oil and gas regulations the Colorado Oil and Gas Conservation Commission is expected to adopt in early January, the City of Loveland’s current moratorium on oil and gas development will likely be extended two months. With this extension, the Loveland moratorium would end in early April instead of mid-February. City staff says Anadarko Petroleum suggested the extension of the moratorium. Anadarko, the region’s largest oil and gas company, is currently the only company that is negotiating with a landowner within the city limits. Anadarko is obviously looking for a little more certainty before it signs a contract with anyone in Loveland. Of course the moratorium extension also allows the City of Loveland more time to see what happens in Longmont, where citizens approved a ballot question to prohibit fracking within City limits. Drilling opponents have been heartened by the Longmont prohibition and also hope to see it stand and set a precedent for Northern Colorado.

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