Shell Oil to back away from northwest Colorado

STEAMBOAT SPRINGS, Colo. (AP) -- Shell Oil has told officials in Routt and Moffat counties that it wants to sell its oil leases in northwest Colorado to focus on more productive operations.

Shell spokeswoman Carolyn Tucker tells the Steamboat Today that the company has decided to focus on assets with a high growth potential, and the Sand Wash Basin in northwest Colorado didn't meet that criteria.

In May, Shell officials had said they planned to drill about 17 wells in Moffat and Routt counties this year. Twelve were drilled in Moffat County during the winter.

The Steamboat Today reports the company plans to move forward with its planned wells before starting to market its assets.


KKCO firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKCO 11News.

powered by Disqus
KKCO NBC 11 News 2531 Blichmann Avenue Grand Junction, CO 81505 Station Phone: 970.243.1111 Business Fax: 970.243.1770 Newsroom Fax: 970.245.3793 News Tip & Contest Line: 970.255.8477
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 218693321 - nbc11news.com/a?a=218693321
Gray Television, Inc.