State

Apr 15, 2013 4:31 PM by Juice Godfrey

Drilling fine hike approved in Colorado

DENVER (AP) - Oil and gas drilling fines in Colorado are closer to going up dramatically. The state House gave final approval Monday to hiking the fines dramatically, from a maximum of $1,000 a day to a maximum of $15,000 a day.

The hike would be the first increase to Colorado drilling fines since 1955. The bill now heads to the Senate.

The fine bill is among a series of measures designed to crack down on energy producers in Colorado. The energy industry has not disputed that drilling fines are due for an update, though industry groups say the $15,000-a-day figure needs to be reviewed.

The bill also removes a maximum cap of $10,000 on drilling fines.

»Comments

More News

National
Story Photo

1 hour ago

Soldier's remains return

After a decades-long mystery, the family of a World War II soldier finally has some closure. Army Sgt. William Carneal, who disappeared...

Weather - Forecast
Story Photo

16 minutes ago

Cooler Thursday

Windy early with blowing dust in some areas. Wind ending overnight tonight. An isolated thunderstorm possible early. Overnight low temperatures will drop...

Most Popular

Top Videos

1 2 3 4