Oil drilling is rising after voters in Colorado have rejected industry restrictions

Oil drilling is rising after voters in Colorado have rejected industry restrictions
A big fracking operation is becoming a new part of the horizon. Mount Meeker and Longs Peak tower in the background on December 28, 2017 in Loveland, Colorado.

Helen H. Richardson | Denver Post | Getty Images

A big fracking operation is becoming a new part of the horizon. Mount Meeker and Longs Peak tower in the background on December 28, 2017 in Loveland, Colorado.

Oil and gas companies operating in Colorado see their share increase after voters rejected a nomination that severely restricted drilling in the Centennial state.

Bonanza Creek Energy and Extraction Oil and Gas, two drills produced exclusively by Wattenberg Field of Colorado, increased 9.5 percent and 13.5 percent, respectively. The shares of PDC Energy, another Wattenberger player, rose almost 8 percent shortly after the opening bell on Wednesday.

The shares of diversified drills with a presence in Colorado were also higher. Anadarko Petroleum shares rose 6.5 percent in premarket trading, while Noble Energy's share price rose nearly 4 percent.

While voters in Colorado rejected Prop 112, they turned Democratic Jared Polis into their new governor. Polis advocated producing 100 percent of Colorado's electricity from renewable energy sources by 2040.

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