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Wyoming Oil

  • Production/Consumption:
    • Consumption: 30 million barrels (2010) (6,000 barrels for 3,000MWh of electrical generation)
    • Production: 54.7 million barrels (2011), 8th in U.S.
  • Prices: $84.86 per bbl (average as of Dec. 31, 2012) (EAD, 2012) (West Texas Intermediate Crude)
  • Taxes:
    • $204.9 Million in severance taxes in 2011 (CREG, 2011)
  • Employment: 17,100 both oil and gas jobs as of Dec. 31, 2012 (EAD, 2012)
  • Reserves: 567 million barrels (2010), 10th in nation
  • Infrastructure:
    • Number of producing oil wells: 10,618 (WYOGCC, 2011)
    • Refineries: 6
    • Major pipelines: Amoco, Belle Fourche, Butte, Conoco, Express, Frontier, Platte, Mobil, Prima, Sinclair, Wyoming
    • Petroleum pipelines are located in all 23 counties in Wyoming (WYOGCC, 2011)
    • Rig count: 49 (EAD, 2011)
    • 411 companies/operators in 2011 (WYOGCC, 2011)
  • "The Green River Formation, a group of basins in Wyoming, Colorado and Utah, contains the largest know oil shale deposits in the world. Wyoming's shale deposits contain an estimated 300 billion barrels of oil equal to about a quarter of the world's proven oil reserves" (EIA, 2012).
  • The Enhanced Oil Recovery Institute (EORI) at the University of Wyoming assists Wyoming oil producers with recovery of Wyoming's stranded oil.

WORKS CITED

Unless otherwise noted, all facts presented here can be sourced to the EIA.

(CREG, 2011) State of Wyoming Consensus Revenue Estimating Group (CREG). "Wyoming State Government Revenue Forecast FY 2012 - FY 2016."  Retrieved April 2013 from: http://eadiv.state.wy.us/creg/GreenCREG_Oct12.pdf

(EAD, 2012) State of Wyoming Economic Analysis Division (EAD). "Macro Report: Review of Wyoming's Economy."  Retrieved December 2012 from: http://eadiv.state.wy.us/creg/MACRO_Report.pdf

(EIA, 2013). United States Energy Information Administration (EIA). "Wyoming State Profile and Energy Estimates." Retrieved April 2013 from: http://www.eia.gov/beta/state/data.cfm?sid=WY#ReservesSupply

(WYOGCC, 2011).  Wyoming Oil and Gas Conservation Commission (WYOGCC). "2012 Facts & Figures."  Retrieved April 2013 from:  http://wogcc.state.wy.us/

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