S&P: Colorado Prop 112 a credit negative for oil firms

Proposition 112 on the Colorado state ballot seeks to extend well setbacks from surrounding structures to a distance that would render 85% of the state unusable for oil and gas drilling, S&P Global Ratings said. Prop 112 is a voter initiative that would require most new oil and gas development in Colorado to be at least 2,500 ft away from homes, schools, buildings, and other structures.



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