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Friday
Aug032018

Energy sector touts economic, charitable impact

Cathy Shull serves on the Board of Directors of the Ports-to-Plains Alliance as well as executive director of Pro 15.  Her comments make the connection between transportation and the energy sector in moving equipment and personnel to production areas in Colorado and across the North American Ports-to-Plains region.

BizWest

Cathy Shull, executive director of Pro 15, which advocates on behalf of northeastern Colorado, said that as oil and gas production increases, the industry has become more attractive to potential employees seeking the industry’s higher-paying jobs.

That’s made it difficult for other industries — including dairies and other ag producers — to find and retain workers.

Shull said that energy development — including wind farms — has brought many ancillary developments to the 15 counties that Pro 15 represents, including new hotels, communities and other amenities.

She said that the Ports to Plains Alliance, a federal transportation corridor linking Mexico to Canada and including eastern Colorado, would link the oil-and-gas regions of Texas with those of Canada.

“It will provide a huge boost to our economy in northeastern Colorado,” she said.

Colorado’s oil and gas sector contributed $31.38 billion into the state’s economy in 2015, with 232,900 jobs, according to a 2017 study by PricewaterhouseCoopers. And part of that annual economic impact is felt by donations to charitable organizations, projected at $5.2 million in 2017.

The economic impact of the energy sector — and its impact on nonprofits — was the message from two panels at the Energy Summit, Tuesday, at the DoubleTree by Hilton Greeley at Lincoln Park. The event was presented by BizWest.

“The benefits of oil and gas to Colorado communities are immense,” said Dan Haley, president and chief executive of the Colorado Oil & Gas Association, highlighting a soon-to-be-released study of charitable activities by the oil-and-gas sector that found $5.2 million in charitable donations during 2017.

“This is just what we were able to collect from our members, so you know that that number is much higher,” he said.

Haley sat on a panel titled, “In the Community,” highlighting the impact of the oil-and-gas sector on nonprofits. The panel also included Ray Tschillard, director of the Poudre Learning Center; Bob O’Connor, executive director of the Weld Food Bank; and Susan Fakharzadeh, senior manager, community relations at PDC Energy Inc. and chairwoman of the Boys and Girls Club. The panel was moderated by Craig Rasmuson, vice president, community relations, SRC Energy Inc.

Haley referenced a snapshot of charitable activities by oil-and-gas companies in May:

Read on…

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