FOR IMMEDIATE RELEASE
July 30, 2020
Megan Castle, COGCC Community Relations Supervisor/Communications Manager
Megan.Castle@state.co.us, (303) 513-2713
Colorado Oil & Gas Conservation Commission Announces Mill Levy Rulemaking Hearing
Proposed Mill Levy rate rulemaking to be held Aug. 4
DENVER - The Colorado Oil and Gas Conservation Commission (COGCC) invites the public and stakeholders to attend the Commission's Mill Levy Rulemaking Hearing on Tuesday, Aug. 4.
"COGCC's levy on oil and gas production, which is its main revenue source for carrying out its statutory responsibilities, has been impacted by a decrease in oil and gas production and prices," said COGCC Director Julie Murphy. "We have reduced our expenditures and, along with this proposed levy increase, COGCC will balance its revenues and spending. As it historically has, COGCC will continue monitoring prices and production, and revisit the appropriate levy rates as conditions change."
Mill Levy Rulemaking Hearing Information:
SB 19-181 ensures that oil and gas development and operations in Colorado are regulated in a manner that protects public health, safety, welfare, the environment and wildlife resources. The COGCC is in the midst of reviewing its rules and procedures to evaluate what changes are required to reflect the new law's requirements. On Nov. 21, 2019, the Commission adopted Flowline rules and Wellbore Integrity rules on June 10. The Commission will take up additional SB 19-181 rulemakings at future Commission hearings, including rulemakings around Mission Change, Cumulative Impacts and Alternative Location Analysis, which begins Aug. 24, 2020.
To learn more about participating, upcoming hearings, the rulemaking schedule, and how to comment using the online portals, visit COGCC's website: cogcc.state.co.us.