Colorado is rich in fossil fuels (coal, natural gas, and oil), renewable energy resources (biomass, geothermal, solar, and wind), and uranium. In 2010, the fossil fuels industry alone generated $10.24 billion in revenues.
Colorado Quick Facts
- Ten of the Nation’s 100 largest natural gas fields and three of its 100 largest oil fields are found in Colorado.
- Colorado is responsible for more than one-fourth of all coalbed methane produced in the United States. Coalbed methane output accounts for about one-half of Colorado’s natural gas production.
- The Rockies Express Pipeline, which began service in May 2008, helps move Colorado’s rapidly increasing natural gas production to markets in the Midwest.
- Colorado’s oil shale deposits hold an estimated 1 trillion barrels of oil — nearly as much oil as the entire world’s proven oil reserves. However, oil production from those deposits remains speculative.
- A proposed biomass plant in Vail would use thousands of trees that were recently killed by pine beetles as its feedstock.
CGS studies various aspects of energy in Colorado, gathers data, and each year publishes an annual report
on the mineral and energy industry in Colorado. We also prepare the section on the mineral and energy sectors of Colorado's economy for the BEOF
annual forecast issued by the University of Colorado's Leeds School of Business.
To view the U.S. Energy Information Agency's energy data on Colorado, click here, and for their analysis, click here.
To learn about Colorado's new, Niobrara oil boom, click here
To view a breakdown of what the U.S. energy sources are, and where they are used, click here
Pictured above right: Oil well in Washington County, and Ponnequin Wind Farm with Longs Peak in the background