County creates Oil & Gas Department
By unanimous approval of the resolution during today’s board meeting, the Weld County Commissioners solidified their commitment of preserving oil and gas production in the county.
“This resolution sets in motion the next step toward preserving our economy and providing stability for our residents and the oil and gas industry,” said Commissioner Chair Barbara Kirkmeyer. “Today is the day Weld County officially ‘walks the walk’.”
With more than 21,180 wells, oil production in Weld County represents 88% of the state’s total production; gas production represents 34% of the state’s total. Approximately 59% of Weld’s total assessed value comes from oil and gas production.