IS-88 Colorado Mineral and Energy Industry Activities 2024-2025

The Colorado Geological Survey (CGS) estimates the total value of 2024 mineral and energy fuels production in Colorado to be $19.5 billion, a ~5.2% decrease from the 2023 estimate of $20.58 billion primarily due to lower average prices for natural gas and oil. In 2024, the top commodities produced in terms of production value include: oil, natural gas, coal, molybdenum, gold, sand and gravel, cement, crushed rock, and industrial gases (carbon dioxide). Estimated mineral production values for 2024 are shown by commodity type in Figure ES-1. Oil and natural gas production accounted for ~84.4% of Colorado’s total mineral and energy production value in 2024.