Cuts likely for drilling in Colorado


"The trend has been across the board, and more in certain areas like the Rockies," said Sheetal Nasta, a markets editor at energy consultant Platts/McGraw-Hill. "The Rockies have some of the weakest natural gas prices in the country and producers tend to cut back drilling if they believe they would not get back the money they spend."

…. "History suggests that drilling booms are always followed by busts. History also suggests the bigger the boom, the bigger the bust," said Pete Morton, an economist with the Wilderness Society. "Since the current drilling boom was large and quite extensive, I do have concerns over the fiscal impacts on communities - and for all taxpayers - who will have to clean up the mess when the market goes bust."