Weld County would be most affected.  Spending could move elsewhere Colorado voters will decide in November whether to increase land setbacks from new oil and gas development, a measure that could sharply limit future production from the DJ Basin. The setbacks would have the biggest impact on Weld County northeast of Denver, the most prolific production area in the state. Colorado is the seventh top oil-producing state and sixth top natural gas producer. Initiative 97 received enough valid signatures to qualify for the November 6 ballot, the Colorado secretary of state announced late Wednesday. The measure requires any new oil and gas development on non-federal land, including reopening plugged wells, to be at least 2,500 feet away from homes and schools. Colorado oil production could drop by 50% within three to five years, predicted Dan […]