The company said it would stick to having just two rigs in the basin, where it only started production in August, instead of expanding to six rigs as previously planned. No changes in the workforce numbers were anticipated.
“Due to weak natural gas prices in the Rockies, and Chevron’s robust set of global investment opportunities, it will fund its Piceance Basin Natural Gas Program at approximately 2008 funding levels going forward,” a spokesman said in an emailed statement.
The San Ramon, California-based company also said maintaining the status quo reflected the current regulatory environment, not the uncertain one it faces in the near future, and the “potentially increased costs of doing business in Colorado.”
A clear left-ward shift in the U.S. election has caused worries among oil and gas drillers about tighter regulations.
The outlook for gas in the Piceance has generally been strong. Occidental Petroleum Corp (OXY.N: Quote, Profile, Research, Stock Buzz), after buying full control of property there in September, said it expected to extract 200 million cubic feet a day in 2010, compared with 50 million before the acquisition. (Reporting by Braden Reddall; Editing by Marguerita Choy)
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This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
