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CORRECTION: The taskforce’s meetings this week decided which proposals will continue on to the next taskforce meeting. None of the proposals have been sent to the governor for consideration at this time.

Last September, Gov. John Hickenlooper created an oil and gas taskforce as part of a compromise to remove both pro- and anti-hydrocarbon development initiatives from the November ballot. The taskforce was created in order to give recommendations to the governor, but has no regulatory power of its own.

On Monday and Tuesday this week, the taskforce debated on which initiatives should be sent to the governor’s office for consideration. A two-thirds vote is necessary for the taskforce to send a proposal to the governor. The taskforce’s recommendations must make it to the governor’s office by February 27, and the group’s last meeting is on February 24.

During this week’s meetings, the oil and  gas taskforce considered proposals that require drillers to seek local approvals before applying for state permits, with mediation if an operator and a local community can’t agree. Another proposal allows for local governments to use stricter regulations than the state as long as the regulations do not impede operations.

Other proposals include one that requires early notifications to local governments of plans for multi-well operations, integrating oil and gas development into local land-use plans, compensation to surface owners for damage, increased staffing at the Colorado Oil and Gas Conservation Commission and increased oversight of air quality by the Colorado Department of Public Health and Environment.

A list of the proposed recommendations can be found here.

“The cost of some of these recommendations could be very high,” said Stan Dempsey, president of the Colorado Petroleum Association. “I think they have to get that. They still have a lot of work to do.”

Other members of the taskforce said that the core issue of local drilling control still needs to be addressed, however, reports the Denver Post. “I have a concern we are still stepping around the major issue at the heart of the conflict,” said Jon Goldin-Dubois, president of the environmental group Western Resource Advocates and a taskforce member. Will Toor, a taskforce member and former mayor of Boulder said local government still “needs some additional teeth.”

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Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.