Mineral and royalty owners say there's about $180 billion in untapped oil in the Watternberg field.
Oil and Gas
Meanwhile, oppositional group Colorado Rising for Health and Safety has just $174,299.90 in cash on hand.
The move effectively ends surface drilling in the city as Top Operating and Cub Creek Energy abandon several active wells and future drilling sites.
Cities have been trying to control oil and gas development within their borders since the Colorado Supreme Court struck down Longmont's and Fort Collins' bans in 2016.
Hickenlooper has stated in the past that mineral rights are personal property and that bans are a "taking." Longmont's approach may finally sidestep that issue.
Anadarko Petroleum, the state’s largest driller, posted a profit in first quarter 2018 of $121 million.
Former Anadarko Petroleum cited in the suit say the company had only "a skeleton crew" left for safety and repairs.
Set against the backdrop of an oil bust, "The Optimistic Decade," is about the loss of idealism.
The state legislature passed several measures relating to fuel sources and oil and gas development under the wire.
Wednesday's proposal affects conservation plans for grouse in Wyoming, Idaho, Nevada, Colorado, Utah, California and Oregon.