Crude Oil

Proved reserves, crude oil and NGLs
1977-2009
Units: Bbls

Colorado’s total liquid hydrocarbon reserves.

Last update
03/06/2012

Crude oil production
1960-2010
Units: Bbls

Colorado historical crude oil production (including natural gas liquids). Wellhead pricing (in 2009 $) for reference.

Last update
03/06/2012

Crude oil sales
2000-2011
Units: Bbls

Colorado crude oilsales (including natural gas liquids) by volume. Between 2009 and 2011 Colorado has seen a nearly 30% increase in oil sales.

Last update
11/15/2012

Colorado weighted oil prices
2000-2011
Units: $

Weighted avg of regional pricing for crude oil in Colorado. Prices are typically at a discount to WTI prices. Colorado crude has witnessed large fluctuations in pricing since the 2008 economicrecession, although current trends suggest a stabilization in the $85-$90/barrel range for 2012 and 2013.

Last update
11/15/2012

Crude oil value (estimated)
1960-2010
Units: $

Estimated value of crude oil produced in Colorado from 1960 to 2010. Values for 1960 through 1999 are calculated on less accurate annual means for both pricing and volume. Values for 2000 through 2010 are calculated on a monthly basis with per barrel pricing variable depedent on Colorado region of production (NW, SW, NE, and SE) – this is typically discounted from WTI pricing.

Last
update
03/06/2012

2010

Proved reserves
2010
Units: Bbls

Colorado’s proved oil reserves for 2010 and changes from 2009. Colorado had a 33% increase in proved reserves from 2009 to 2010.

Last update
11/15/2012

Crude oil production by county
2010
Units: Bbls

Crude oil production by county for 2010. Weld county was by far the largest oil producer with >63% of the state’s total production. Generated graph is on a logarithmic scale.

Last update
03/06/2012

U.S. crude oil production by state
2010
Units: Bbls

Colorado was ranked 10th in the U.S. for crude oil production in 2010.

Last
update
03/06/2012

2011

Regional oil prices
2011
Units: $

Regional monthly average oil prices for Colorado. Regions includenorthwest (for Sand Wash and Piceance Basins), southwest (for San Juan and Paradox Basins), northeast (for Denver Basin), and southeast. The northwest pricing is often ata discountcompared to other parts of the state.

Last update
11/15/2012

Crude oilproduction by county
2011
Units: Bbls

Crude oil production by county for 2011. Weld county was by far the largest oil producer with >68% of the state’s total production, and>$2.3 billion in revenue.Generatedchart is on a logarithmic scale.

Last update
11/15/2012