Oil and natural gas prices have bounced back, but Colorado’s industry hasn’t

Oil prices are the highest they’ve been since 2014, and the economics of natural gas suggest prices for that commodity will stay strong for the foreseeable future.

Coming off a pandemic-marred 2020 that battered the industry, it would be easy to expect Colorado oil and gas to be roaring back, hiring hundreds laid off last year and prolifically drilling wells in response to sustained, high-priced demand.

But that hasn’t happened.

In Colorado, oil field activity still trails pre-pandemic levels,…


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