The Asset Retirement Obligations (ARO) program focuses on the costs of decommissioning oil and gas infrastructure and the financial assurance held by governments to cover these costs. To date, the work has focused on onshore wells in the United States.
Asset Retirement Obligations
Colorado Data Portal
In this section, you will find:
- The State View tab, which provides a broad overview of the industry in the selected state. This includes various map views, navigable by the tabs below, as well as a number of charts and visualizations summarizing industry activity.
- The Operator View tab, where you can search for an individual operator in the state and see a summary of the history and current state of the operator's activities.
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State Oil and Gas Data Summary
Total Wells | 100482 | Wells for which drilling has been confirmed. Excludes expired drilling permits and abandoned drilling locations. |
Unplugged Wells | 46920 | Wells with confirmed drilling and a status other than "Plugged and Abandoned". |
Producing Wells | 38741 | Unplugged wells that have submitted positive production reports in the past 12 months. |
Total Operators | 3615 | Count of oil and gas operators in the state, includes inactive operators. |
Active Operators | 3081 | Count of active oil and gas operators in the state. |
Production Classification
Classification of wells based on their production levels. Producing | 30.5% (14609) |
Low Producing | 50.3% (24132) |
No Production | 19.2% (9199) |
Classification Explanation:
Producing: Wells producing more than 15 BOE oil or 90 MCFE gas per day.
Low Producing: Wells producing above zero but not meeting the higher thresholds (15 BOE or 90 MCFE).
No Production: Wells with no daily production.
Oil & Gas Summary
Monthly oil and gas production totals and averages.Month | 2024-10 |
Total Oil Volume | 14706431 BOE |
Total Gas Volume | 27263837.33 MCFE |
Avg Daily Oil | 490214.37 BOE/d |
Avg Daily Gas | 908794.58 MCFE/d |
Idle Wells Analysis
Wells with "Shut In", "Temporarily Abandoned," or "Suspended Operations" status.Total Idle Wells | 5400 |
Percentage Idle | 11.86% |
Average Age of Idle Wells | 23.28 years |
Average Idle Time | 3.01 years |
Idle Time Distribution:
Year 1 1437 wells
Year 2 1321 wells
Year 3 843 wells
Year 5 1057 wells
Year 7 359 wells
Year 10 204 wells
Year 15 97 wells
Year 25 34 wells
High-Risk Watchlist
Click on a column name to sort.
Columns to view
Operator ⬇ | CTI Risk Ranking The operator's position relative to peers, based on the composite score. A lower rank means higher relative risk. | CTI Risk Score A weighted index representing relative operational and financial risk. Higher scores indicate more low-producing wells, lower average output, more violations, and weaker bonding coverage. | Average BOE per well ⬇ | Total Unplugged Wells ⬇ | Low Producing Wells (<3 BOE/d) ⬇ | Low Producing Ratio Percentage of producing wells with average output below 3 BOE/day over the past year — a proxy for underperforming or marginal assets. | Total Violations ⬇ | Bonding Total ⬇ | Estimated ARO Cost Carbon Tracker's estimated cost to the operator to safely close, plug, and remediate all wells operated by the company — used to assess bonding adequacy. | Coverage Percentage ⬇ | Funding Gap ⬇ |
---|---|---|---|---|---|---|---|---|---|---|---|
KT RESOURCES LLC | 1 | 0.87 | 0.25 | 107 | 107 | 100 | 24 | 312000 | 13642084.78 | 2.29 | 13330084.78 |
WILLIFORD RESOURCES LLC | 2 | 0.8 | 0.38 | 52 | 51 | 98.08 | 8 | 80000 | 3040045.93 | 2.63 | 2960045.93 |
MAGPIE OPERATING INC | 3 | 0.79 | 13.05 | 81 | 64 | 82.05 | 29 | 1287480 | 8926997.86 | 14.42 | 7639517.86 |
KP KAUFFMAN COMPANY INC | 4 | 0.76 | 0.6 | 1201 | 1162 | 96.91 | 136 | 1085000 | 126560740.89 | 0.86 | 125475740.89 |
PCR OPERATING LLC | 5 | 0.71 | 0 | 161 | 160 | 100 | 3 | 525000 | 17222449.42 | 3.05 | 16697449.42 |
RENEGADE OIL & GAS COMPANY LLC | 6 | 0.68 | 0.46 | 178 | 170 | 96.05 | 3 | 580000 | 20894728.29 | 2.78 | 20314728.29 |
WESTERN OPERATING COMPANY | 7 | 0.67 | 2.86 | 75 | 54 | 72 | 12 | 262000 | 5511576.61 | 4.75 | 5249576.61 |
LOCIN OIL CORPORATION | 8 | 0.66 | 0.7 | 269 | 260 | 97.01 | 7 | 2030000 | 19311973.72 | 10.51 | 17281973.72 |
53 rows total
CSV
Notes
Statewide Monthly Oil and Gas Production
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State Well Status Distribution
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State Well Classification Distribution
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Well Spuds and Plugging Activity Over Time
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Cumulative Total of Unplugged Wells
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