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TEAM's news room features top stories in the petroleum industry. We aim to deliver the latest oil and gas news; oil and gas pricing, and activity within our company.


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Oil and gas bill signed into law

GRAND JUNCTION, Colo. (KKCO/KJCT)-- Governor Jared Polis (D), signed Senate Bill 181 into law Tuesday, bringing in new rules for the oil & gas industry in #Colorado.

The new law gives local #governments more control over oil & gas development and leaves it up to those governments to #decide where companies can drill.

Some argue this is exactly what the state needs to keep people safe and healthy, while others argue it could have big negative impacts on the oil and gas industry.

"I do not believe it will cost jobs. Protecting public health and safety does not cost jobs," said representative for Western Colorado Alliance for community action, Emily Hornback.

"There could be a downturn in the industry, and that would affect people locally, absolutely," said Executive Director for the West Slope Colorado Oil And Gas Association, Eric Carlson.

This new law also calls for the state's air quality control commission to review its leak detection and repair rules, and create new ones to lower emissions of methane, and other gases. #oilandgas

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