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Oil, gas regulators boost KP Kauffman’s proposed $10M well cleanup bond to $133M

Commission says decision shows state’s serious about tougher rules; company complains of harsh treatment

Colorado oil and gas regulators rejected a plan by K.P. Kauffman Co. to cover the cost of cleaning up roughly 1,000 wells in the state. The communities of Frederick and Dacono urged regulators to require the company to pay much more or make it close its old, low-producing wells they say pose health and environmental risks and hinder development.
Colorado oil and gas regulators rejected a plan by K.P. Kauffman Co. to cover the cost of cleaning up roughly 1,000 wells in the state. The communities of Frederick and Dacono urged regulators to require the company to pay much more or make it close its old, low-producing wells they say pose health and environmental risks and hinder development.
DENVER, CO - DECEMBER 12:  Judith Kohler - Staff portraits at the Denver Post studio.  (Photo by Eric Lutzens/The Denver Post)
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In a move regulators said shows they are serious about making the oil and gas industry clean up after itself, the Colorado Energy and Carbon Management Commission rejected a company's plan for financing its cleanup costs.
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