A rarity in its field: Mineral Resources
Amid the glut of oil producers, the company benefiting most from Greeley's attitude – a mindset that so far has embraced rather than resisted Big Oil – is a small yet growing operator, Greeley-based Mineral Resources Inc.
The company owns a working interest in some 90 percent of the wells in Greeley, and while others in the business find themselves in one public relations battle after the next, Mineral Resources is growing fast with seemingly little standing in its way.
Arlo Richardson, the founder and president of the company, was among the first to drill within city limits, helping to pioneer the oil boom in the Denver-Julesburg Basin, which includes large parts of Weld County.
Today, the company operates 70 wells in Greeley and LaSalle. It has drilled 34 wells on one well pad alone near the densely populated junction of Highways 34 and 85.
A search for extra income
Richardson acknowledges he was somewhat lucky when the first wells
More breaking news...
Prognosis mixed for health-care premiums
AE’s new solar inverter opens grid
Health insurance premiums for older Americans and women are likely to decrease next year when historic