Another attempt to phase out natural gas and oil drilling in Colorado is ramping up, but it’s unlikely to advance, Civitas Resources Inc. CEO Christopher Doyle said Wednesday.
Doyle helmed a conference call with analysts to discuss fourth quarter results and the outlook for 2024. Most of the discussion centered on the Denver-Julesburg (DJ) Basin in Colorado, as well as the recently acquired assets in the Permian Basin. 

However, talk turned to whether the latest attempt to end natural gas and oil development in the state could succeed. Colorado is one of the nation’s top producing states. Democratic state Sens. Sonya Jaquez Lewis and Kevin Priola earlier in February advanced legislation that could require new drilling permits to be phased out beginning in 2030. 

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