Tag: record fine

Colorado oil and gas regulators are poised to set a dubious record next week when nearly $1 million in fines will be levied against a company for essentially abandoning eight gas wells in Rio Blanco County. But state officials never expect to see a penny from the now-bankrupt operator.

A dubious record will likely be set when the Colorado Oil and Gas Conservation Commission (COGCC) meets over the next two days in Adams County: the highest fine ever levied against an oil and gas company for a spill in the state of Colorado.