Gas Wells Eyed for Colo.'s Pike National Forest
Federal officials will make a decision this spring on a Texas energy company's plan to drill two exploratory natural gas wells in Pike National Forest, the first such exploration in decades and a development that could lead to significant impacts on the Front Range.
Dyad Petroleum Co. of Midland, Texas, owns oil and gas rights to 21,000 acres in Pike National Forest, so more development could be headed for the forest if the company makes a significant find. In fact, the discovery of significant reserves holds implications throughout the Front Range, since the region has the same rock formations all along the Front.
Federal officials expect to release an environmental assessment of the proposal in early March, which would include a recommendation of whether the company can move forward with its plan.