GLENWOOD SPRINGS — Denver-based Vantage Energy says falling prices and tougher rules won’t deter it from exploring for natural gas on the Roan Plateau in western Colorado.
Vantage says prices may cause minor changes in its near-term plans for the gas-rich plateau. But company spokesman Mark Rothenberg says Vantage is planning for the long term and sees great potential in the Roan. The plateau has an estimated 9 trillion cubic feet of recoverable gas.
“A short-term fluctuation in gas prices is not going to stop us from pursuing that project,” he told the Glenwood Springs Post Independent. “It may cause some subtle changes in what we do in 2009 or 2010, but it’s not going to change our impression of the Roan Plateau as being a tremendous resource.”
Vantage paid $57.6 million for drilling rights on more than 40,000 acres of federal land on the top and sides of the plateau.
