Energy companies predict slowdown in Piceance Basin

Posted by egable on November 17th, 2008 filed in Energy development

Citing the decline in the price of natural gas, the nation’s economic troubles and new state regulations on drilling, natural-gas producers in the Piceance Basin expect work there will slow down, with as much as a 40 percent reduction in the number of drilling rigs operating in the basin, the Grand Junction Daily Sentinel reports.