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Colorado's Piceance Basin: Variation in the local public finance effects of oil and gas development

dc.contributor.author Newell, Richard G
dc.contributor.author Raimi, Daniel
dc.date.accessioned 2016-05-24T13:40:46Z
dc.date.available 2016-05-24T13:40:46Z
dc.date.issued 2016-05-18
dc.identifier.citation Daniel Raimi and Richard G. Newell. Colorado's Piceance Basin: Variation in the local public finance effects of oil and gas development. Duke University Energy Initiative working paper, May 2016.
dc.identifier.uri https://hdl.handle.net/10161/12052
dc.description.abstract A large increase in natural gas production occurred in western Colorado’s Piceance basin in the mid- to late-2000s, generating a surge in population, economic activity, and heavy truck traffic in this rural region. We describe the fiscal effects related to this development for two county governments: Garfield and Rio Blanco, and two city governments: Grand Junction and Rifle. Counties maintain rural road networks in Colorado, and Garfield County’s ability to fashion agreements with operators to repair roads damaged during operations helped prevent the types of large new costs seen in Rio Blanco County, a neighboring county with less government capacity and where such agreements were not made. Rifle and Grand Junction experienced substantial oil- and gas-driven population growth, with greater challenges in the smaller, more isolated, and less economically diverse city of Rifle. Lessons from this case study include the value of crafting road maintenance agreements, fiscal risks for small and geographically isolated communities experiencing rapid population growth, challenges associated with limited infrastructure, and the desirability of flexibility in the allocation of oil- and gas-related revenue.
dc.description.sponsorship Alfred P. Sloan Foundation
dc.language.iso en_US
dc.publisher Duke University Energy Initiative
dc.subject Shale gas, tight oil, local public finance, Piceance basin, severance tax, property tax, property values, sales tax, hydraulic fracturing, tax incentives
dc.title Colorado's Piceance Basin: Variation in the local public finance effects of oil and gas development
dc.type Journal article


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