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.

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