Bipartisan Team of State Legislators Unite Behind Blueprint for Western Energy Prosperity

January 30, 2012

McNulty, Johnston Illustrate How Oil and Natural Gas Can Spur Investment, Create Jobs and Generate Revenue

(DENVER) –Western Energy Alliance will feature Colorado Speaker of the House Frank McNulty (R) and Colorado State Senator Michael Johnston (D) in a public policy forum exploring the potential for investment, jobs, economic growth and revenue as detailed in the Blueprint for Western Energy Prosperity. The forum will begin at 11:30 a.m. on January 31, 2012 in the Augusta Room of the Westin Hotel, 1672 Lawrence Street in downtown Denver.


Participants:

  • Frank McNulty (R), Colorado Speaker of the House of Representatives, "The Balance Between State and County Regulation"
  • Michael Johnston (D), Colorado State Senator, "The Benefits of Clean-Burning Natural Gas for Electricity Generation"
  • Joshua Penry, EIS Solutions and former Colorado State Senate Minority Leader, Blueprint for Western Energy Prosperity
  • Tim Wigley, President of Western Energy Alliance, moderator

According to the Blueprint, by 2020 the Niobrara formation spanning Colorado and Wyoming will help create 26,000 new jobs in Colorado and produce 286,000 barrels of oil per day, versus negligible production in 2010. Colorado natural gas production is predicted to increase 21% over the next ten years and severance tax revenue by 124% from $264 million to $592 million. The oil and natural gas industry offers real solutions as Colorado legislators struggle with funding crucial services such as education, public safety, and infrastructure.


Media are invited to this luncheon and should RSVP to Jon Haubert, Manager of Communications.


###


About Western Energy Alliance
Western Energy Alliance, founded in 1974 as the Independent Petroleum Association of Mountain States, is a non-profit trade association representing 400 companies engaged in all aspects of environmentally responsible exploration and production of oil and natural gas in the West. More information on Western Energy Alliance and its members is available at www.westernenergyalliance.org.