Energy consultant opens new Rifle office
An Arvada firm that provides environmental consulting to oil and gas companies is opening a larger office in western Colorado, reflecting its confidence in the energy industry’s local future despite recent cutbacks in drilling.
LT Environmental Inc. is opening an office in Rifle after having opened one in Parachute early last year only to quickly outgrow its space.
LTE’s move comes as many oil and gas developers are cutting back on their number of drilling rigs because of factors including lower natural gas prices.
LTE Vice President Tom Murphy said the company is monitoring the situation but expects the energy industry to remain busy in the region.
“From our perspective we think there’s going to be activity that will continue; that’s our take on it,” he said.
“It’s still a viable play,” he said of natural gas drilling in western Colorado’s Piceance Basin.
He said LTE doesn’t have a large staff in western Colorado, with five people in its Rifle office.
“But we think that we have an adequate investment and we’re positive about the long term,” he said.
He said part of the point of the larger office is to allow for future growth.
The Rifle employees have backgrounds in areas such as soil and groundwater assessment and remediation, stormwater inspections, plan preparation and construction management.
LTE said in a news release it has experience dealing with western Colorado’s unique environmental challenges that result from its topography and remote terrain.
Murphy said LTE has clients nationwide and does a lot of other environmental work beyond the energy industry. But he added, “We’re very positive about the overall oil industry. We think that it’s a good market for us.”