Is There New Life Ahead for Colorado’s Western Slope Oil and Gas Industry? Experts think so.
Colorado’s Western Slope Oil and Gas Industry could be showing some signs of new life after years of declining revenues. Demand for natural gas in the early 2000’s caused large gains, with some companies’ profits and operations hitting all-time highs. That demand however, has stagnated over the past decade-and-a-half. These market decreases have left Colorado’s oil and gas industries facing lower profits, fewer jobs and a general depression of the entire segment of the market. However, a new push for US demand could see a upturn ahead for the oil and gas industry.