29
Oct
09

Plan to Drill on Colorado Plateau Meets Resistance

Roan Valley Natural Gas Drilling Site

Natural Gas Drilling in Roan Valley, Colorado

“As it lays plans to exploit the Roan Plateau, the Bill Barrett Corporation is promising sensitivity to the area’s wild character. The company acquired its drilling rights last year after buying a 90 percent stake in the leases from Vantage Energy, which won them at a federal auction last August. (That auction netted nearly $114 million, a record for a lower-48 onshore lease.) The company has told investors that if it is allowed to develop the plateau, it may drill as many as 3,200 wells. But Mr. Zavadil said the company would diligently avoid trout streams and minimize other disruptions by using advanced techniques to pack dozens of wells together. The company has also pledged to develop only portions of the plateau at a time, and to put up money to improve wildlife habitats.”


1 Response to “Plan to Drill on Colorado Plateau Meets Resistance”


  1. 1 scotty
    November 6, 2009 at 06:12

    Very sore and controversial subject!

    Like


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