Facebook Twitter

CHEVRON LEAVING TABLE TOP PROJECT

SHARE CHEVRON LEAVING TABLE TOP PROJECT

Chevron is withdrawing from the Table Top Project in Summit County because of current forecasts for the price of oil, according to company spokesman Walt Maguire.

Table Top is an exploratory oil and gas well in Wasatch-Cache National Forest 35 miles south of Evanston. "Soft oil prices over the past year, combined with future price projections, do not support an investment decision that allows us to proceed with this project," said Maguire.He complimented Forest Service officials in Evanston and Salt Lake City on the professional manner in which the permit process was conducted.