This week, the Colorado Oil & Gas Association is holding its 34th Annual Energy Summit, focusing on how evolving economic conditions and ongoing regulatory overhauls impact the future of the oil and natural gas industry in the state, a role that’s “never been more critical” in the middle of so much uncertainty.
Ahead of the summit, COGA said:
“As industry, our role as leaders has never been more critical – as we identify solutions and blaze a path forward, we will be doing much more they simply shaping our own future in oil and gas. We will be a leading force in creating a better, brighter future for our communities and our state.”
The summit will feature a wide range of voices including leading figures in the oil and natural gas industry, renewables sector, ESG investors, economic development groups, labor, and many more.
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COGA CEO and President Dan Haley also told EID:
“Colorado’s oil and natural gas workers are leading the innovations and technologies that will drive our industry for decades to come. We have a strong story to tell and the collaboration and discussions we share at The Energy Summit only foster our state as a leader creating among the cleanest molecules on the planet. Consumers want affordable, reliable and sustainable energy and here in Colorado we’re on the cutting edge of those conversations.”
Although regulatory uncertainty and a global supply shock have roiled the energy industry in the past year, Colorado producers are rising to the challenge. Today the industry is rolling out new technology to promote sustainable climate goals and ensure that the energy produced in Colorado is some of the cleanest in the world. Producers are also ensuring a reliable supply of energy during a period when many countries are struggling to access the energy they need.
As Haley recently told CBS News, the oil and gas industry plays an important role in Colorado’s economy, both because of the jobs it directly supports and the energy that is produced:
“Colorado is fortunate to have access to clean, abundant, and affordable natural gas. Our state sits atop the nation’s second largest natural gas reserves, and we produce these molecules cleaner, safer and better than the rest of the world.”
Here’s a quick look at what will be discussed during the summit:
- The first panel discussion, Essential Innovation: Advancing Technology Breakthroughs Amid Uncertainty, will look at how to advance technological breakthroughs in an environment of uncertainty. Featuring Tom Janiszewski, Vice President of Regulatory and Land for Occidental Petroleum, and Ben Linke, Vice President of Emissions Management at Baker Hughes, it will ask how industry leaders adjust their thinking and planning to advance the technology needed to promote climate goals responsibly and efficiently.
- The second panel, The Future of the DJ: Is It Still Economic to Operate in Colorado?, poses hard-hitting questions about the future of Colorado’s oil and gas industry, asking whether operators can remain competitive in the state. This panel will feature an in-depth discussion about how the Denver-Julesburg Basin compares with the Permian and other basins, with panelists representing small and large operators, midstream, and market intelligence.
- The day’s final panel, The Global Energy Economy: The Events and Policies Driving Production, Supply, and Distribution, the lens will be pulled back to look at the global energy industry. With an eye on global supply chains and market disruptions, these panelists, including Praveen Dhawan, Senior Director, PM&L, North America Supply Chain at Halliburton, will examine if it is possible for the United States to meet its own energy needs while also contributing to global supply as well as addressing how Colorado can help stabilize the global market amid the current energy crisis.
- The second day will kick off with Operating in a Purple State: A Nonpartisan Position to Oil & Gas, where J.J Ament, President & CEO of the Denver Metro Chamber of Commerce, and Gary Arnold, Business Manager of Denver Pipefitters Local 208, and other panelists will examine how business leaders can shift the political debate to a practical conversation around energy access.
- Two other panels, The Great Reshuffle: The Role of Leadership and Culture in Recruiting and Retaining Top Talent and Tools for Success: Leveraging DEI to Meet Evolving ESG Expectations, will focus on how companies can strengthen their cultures and improve their core values and business outcomes.
- The final panel, Energy Diversity: Reliability, Sustainability, and the Case for an Integrated Approach, will bring together experts in the renewable energy sector will make the case for an integrated approach to energy diversity. Featuring representatives from the nuclear, wind and solar industries as well as oil and natural gas, this panel will dive into what an “all of the above” energy approach looks like in practice and take a look at how different energy sources may in fact face shared challenges.
As COGA explains:
“Colorado’s oil and gas industry has successfully reduced emissions and adopted sustainable practices driven by a commitment to our environment. Our industry is not alone in seeking innovative approaches to advance climate goals, as the energy sector includes a diverse pool of energy generation sources that operate in similar regulatory and political environments. Innovation, financial incentives, and unconventional partnerships are proving the viability of utility-scale applications of these newer technologies, while common issues of land use constraints, infrastructure and community engagement impact all types of energy production.”
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