The Last 6 Oil Rigs In The Centennial State

The oil price crash has forced producers in Colorado to slash their capital expenditure, suspend completion activities, and release rig crews, leaving just six operating rigs in the state as of May 29 – the lowest number of rigs in at least 28 years.   Lower liquidity and constrained access capital could make life for the companies operating in Colorado’s oil patch much more difficult, analysts and industry executives told Mark Jaffe of The Colorado Sun. Due to the price collapse in early March, oil producers in the state – from Occidental…