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Big oil pulling out of Northwest Colorado; leases for sale

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A week after Royal Dutch Shell Plc, Europe’s biggest energy producer, announced a 60 percent drop in second-quarter results — largely due to a $2 billion write-down of its North American shale assets — the company has decided that its operations in Routt and Moffat counties are for sale. The decision came after Shell said it would take a hard look at its North American portfolio. But the company isn’t “walking away,” from its Colorado mineral rights leases, spokeswoman Carolyn Tucker…

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