In 2015, the oil and natural gas industry contributed more than $31 billion to Colorado’s economy, supported 239,900 jobs and paid more than $23 billion in wages. In addition to supporting and creating Colorado jobs, the industry generates more than $1 billion annually in revenues to state and local governments, school districts and special districts—funding schools, parks and roads across the state.
Jobs in the oil and natural gas industry account for nearly 7 percent of total state employment and include more than 1,100 businesses across the state as part of the oil and natural gas supply chain.
Anti-oil and natural gas development measures would devastate Colorado’s economy by eliminating over hundreds of thousands of jobs and slashing local tax revenue. The ripple effect would demolish supply-chain industries that support oil and natural gas development and wreck economic sectors, such as real estate, retailers and home builders.