Wednesday, August 10, 2011

Rigzone Website Survey Says Denver is World's No. 4 Ranked City in "Up and Coming" Oil and Gas Cities

A recent survey of "up and coming" cities for oil and gas professionals lists Denver as No. 4 in the world. According to the same survey, the No. 1 city is Dubai, United Arab Emirates, followed by Calgary, Canada, at No. 2 and Rio de Janeiro, Brazil, No. 3.

The survey was conducted by Rigzone, a Houston-based website that calls itself the "gateway to the oil and gas industry."

David Kent, the president of Rigzone, told the Denver Business Journal, "Houston is considered the oil and gas capital of the world, but with its weather, 98 degrees and 98 percent humidity in the summer, I'd rather be in Denver. I'm not surprised that Denver popped up on the list" ("Gushing praise for Denver," July 8-14, 2011.).

Other cities ranked in the top 10 were: No. 5, Singapore; No. 6 Perth, Australia; No. 7, Cairo, Egypt; No. 8 Kuala Lumpur, Malaysia; No. 9, Jakarta, Indonesia; and No. 10, Ciudad del Carmen, Mexico.

The oil and gas industry in Colorado employs about 50,000 people directly while supporting nearly 200,000 additional jobs. The sector contributes $24 billion in value added economic output annually, according to the Colorado Oil and Gas Association.

Don Smith, director of the Denver Law Environmental and Natural Resources Law & Policy Program, said, "Those of us who call Denver home are not surprised by Rigzone's survey findings. Denver is great place to live and do business. Moreover, Denver Law offers an exceptional array of courses that address oil and gas from domestic and international perspectives. Students from all across the world come to Denver Law to study about this important natural resources sector."

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