Western Colo. rig count down 71 percent

RBC (AP) — New figures show the natural gas rig count in western Colorado’s Piceance Basin has taken a bigger percentage drop than in Utah’s Uinta Basin and the entire state of Wyoming.
Carter Mathies of Arista Midstream Services, a Golden-based energy services company, told The Daily Sentinel in Grand Junction that the Piceance rig count has dropped by 71 percent since October, from 102 rigs down to 30.
He says the Uinta Basin count has fallen 62 percent to 21 and the Wyoming count has fallen 54 percent to 36.
Industry officials say Colorado’s pending new rules for drilling are the reason the count has fallen more sharply in the Piceance than other areas. Officials say the reason is the higher cost of drilling in the Piceance.

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