Globe Crude Oil Co. - 1918 dated Colorado Oil Stock Certificate

Stock printed by Goes. Denver, Colorado. Colorado has significant hydrocarbon resources. According to the Energy Information Administration, Colorado hosts seven of the largest natural gas fields in the United States, and two of the largest oil fields. Conventional and unconventional natural gas output from several Colorado basins typically accounts for more than five percent of annual U.S. natural gas production. Colorado's oil shale deposits hold an estimated 1 trillion barrels (160 km³) of oil—nearly as much oil as the entire world's proven oil reserves. Substantial deposits of bituminous, subbituminous, and lignite coal are found in the state.

Uranium mining in Colorado goes back to 1872, when pitchblende ore was taken from gold mines near Central City, Colorado. Not counting byproduct uranium from phosphate, Colorado is considered to have the third-largest uranium reserves of any U.S. state, behind Wyoming and New Mexico. When Colorado and Utah dominated radium mining from 1910 to 1922, uranium and vanadium were the byproducts (giving towns like present-day Superfund site Uravan their names). Uranium price increases from 2001 to 2007 prompted several companies to revive uranium mining in Colorado. During the 1940s certain communities–including Naturita and Paradox–earned the moniker of "yellowcake towns" from their relationship with uranium mining. Price drops and financing problems in late 2008 forced these companies to cancel or scale back the uranium-mining project. As of 2016, there were no major uranium mining operations in the state, though plans existed to restart production. Read more at https://en.wikipedia.org/wiki/Colorado

Read More

Read Less