Colorado’s Niobrara oil play got a boost Tuesday with an announcement by U.S. Development Group LLC that its new crude oil terminal in Carr, Colo. — built to ship crude oil via rail to Gulf Coast refineries — has started operations.
Carr is in far northern Weld County, on the Union Pacific rail line a few miles south of the Wyoming border.
The area along the Colorado-Wyoming border has been a hotbed of oil and gas activity since October 2009, when energy companies started drilling for oil in the Niobrara rock formation about 7,000 feet underground. Experts have said the formation could hold as much as 2 billion barrels of oil. Continued