A natural gas drilling site sits against the mountains near the small northwest Colorado community of Meeker in this photograph taken on Friday, Oct. 26, 2007. A new report predicts that northwest Colorado's population could double to about 417,000 over the next 30 years because of the energy boom and the number of gas wells could soar to more than 50,000. (AP Photo/David Zalubowski)
One of the largest natural gas producers in our area has announced some major cutbacks. In it's 2008 financial report released Thursday, Williams Co. has decided to drastically reduce the amount of drilling the company is doing in Colorado. Williams will have just 10 active rigs this year compared to the 25 from last year.
Susan Alvillar, a representative from the company says a number of factors played into this decision. "We've made this decision based on the current recession and the impending COGCC rules."
A county press conference planned for tomorrow is expected to delve into this topic. County Commissioner Craig Meis and a former energy company executive will give an update on the state of the energy industry in Mesa County.