The cash-strapped state park system in Colorado is considering using its nonprofit foundation to bring in more private-sector funds, which include allowing more oil and natural gas drilling in some of the state parks, such as the drilling currently taking place at one state park, St. Vrain, near Longmont, CO. A series of public meetings around the state has been set to kick off Thursday in Grand Junction and continue in Colorado Springs (July 24), Fort Collins (July 31) and Denver (Aug. 8). Colorado Parks and Wildlife officials are considering corporate sponsorships and/or more oil and gas drilling in state parks to cope with budget cuts, according to reports this month in various news media around the state. Assistant Director Ken Brink told local news media that park visitors do not want state parks named after corporations, or more oil/gas drilling in the parks, but the officials say they may have no choice. There are 42 state parks in Colorado that now are forced to develop all of their revenues through user fees.
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Low gas prices, shrunken basis differentials, modest price volatility and abundant supply should make for an end-user’s dream, and they do. But North America’s gas renaissance comes with some wrinkles.
Futures rebounded from Thursday’s decline on Friday as observers noted buying interest from the end-user community, and saw a bearish price pattern from last year that is not likely to repeat. At the close September had risen 4.8 cents to $3.940 and October was up 4.2 cents to $3.941. September crude oil eased 12 cents to $82.26/bbl.
Under new leadership appointed last week, Canada’s NationalEnergy Board is vowing to become more user-friendly and easier tounderstand at the same time as it grows busier. Ken Vollman, a53-year-old engineer raised on a Saskatchewan farm and formed bygritty work in western oilfields, was candid about challengesfacing the agency when he was appointed its new chairman July 15 byNatural Resources Minister Ralph Goodale.