Oregon LNG terminal, pipeline seen as key to reviving Western Slope gas patch
Author: David O. Williams - April 28, 2016 - Updated: April 28, 2016
No one even remotely involved in natural gas production on Colorado’s Western Slope wants to continue to party like it’s 1999. Back then prices were below $2 per million British thermal units and there were just 94 well starts in Garfield County. Last year, prices continued to languish below $2 per million British thermal units (from a high of more than $13 in 2008), and there were only 173 well starts in Garfield County — the lowest number since 1999. Earlier this year, after draconian staffing cuts on both the Western Slope and Denver in 2015, the county’s biggest drilling company -— WPX Energy — sold all its Piceance Basin holdings.