John Colson:
"PARACHUTE, Colorado — One company drilling for natural gas in this region believes that it will continue to be a profitable venture, despite the low prices gas is bringing on the international market.
Doug Hock, spokesman for Encana Oil and Gas (USA), on Tuesday said the company plans to spend up to $130 million on operations in the Piceance Basin in 2010.
The company also has started work on a new office building in Parachute.
Much of the confidence behind those plans, Hock said, comes from the increasing value of what are known as “natural gas liquids,” or NGLs.
Natural gas liquids are found in the same deposits where oil and gas are located, said Hock.
“They are heavier than methane molecules and come out of the well as liquid, rather than gas. They include ethane, propane, butanes and pentanes,” he said...." (Read more? Click title)
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