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Colorado Ranks Last For Oil & Gas Companies

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Jun 26, 2009 8:10 pm US/Mountain

Colorado Ranks Last For Oil & Gas Companies

DENVER (CBS4) ―

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Surveys and magazine rankings routinely list parts of Colorado as the best places to live. But one survey says for oil and gas companies Colorado is the worst place in the country to do business.

The survey covered 143 locations worldwide. Colorado ranked last among the states and 81st in the world.

In 2007 Colorado was among the best places for oil and gas.

Some executives say Colorado has fallen out of favor because of new regulations.

Gov. Bill Ritter and environmental groups say those new rules protect the environment and wildlife.