Anadarko Petroleum Corporation, the oil and gas operator blamed for the deadly Firestone house explosion final April, has put aside 500 acres of land near houses for major drilling in a neighboring Carbon Valley city still grappling with the tragedy.
Dacono is engaged on an operator settlement with Anadarko outlining greatest practices and mitigation plans, however City Supervisor AJ Euckert stated the proposal is “a gut punch” to the community.
A report by Denver-primarily based BBC Research & Consulting commissioned by the town shows that Dacono would possibly come out ahead financially, thanks to an increase in tax revenues associated to the manufacturing and sale of the oil and gas, with one state of affairs indicating town might gain by as a lot as $14 million.
Nonetheless Dacono officials, who have labored for years to show the small city right into a residential hot spot along the I-25 corridor, are disenchanted with Anadarko’s plans.
“We have no choice,” Euckert said. “They personal the mineral rights there and we have to deal with them. petroleum refinery products We’d have most popular them not to buy platted residential- and commercial-zoned land in the heart of the neighborhood.”
The Texas firm bought many of the land in 2016 and plans present it’s ready to drill seventy three wells on four properly pads across 4 massive parcels in Dacono within the next decade, according to a metropolis letter despatched to residents.
Dacono, a rising metropolis of practically 6,000 residents situated on the southern edge of Weld County, has a wealthy history in coal mining and oil and gas production, with wells almost as frequent as cows. Nevertheless it has never before confronted such a big proposal, which could lead to a sixteen-p.c reduction in developable land and a 41 p.c increase in wells.