Wyoming Energy News

February 22

The School of Energy Resources features information about the energy industry on a weekly basis. Here is a recap of this week’s stories.

Baker Hughes Rig Counts

Baker Hughes reports the following rig counts actively exploring for oil or natural gas. 

• U.S. rig count is down 4 rigs from last week to 1,047 rigs, with oil down 4 to 853 and gas rigs unchanged at 194
• The U.S. rig count is up 69 rigs from last year’s count of 978, with oil rigs up 54 and gas rigs up 15
• The Wyoming rig count remains at 37
• Colorado’s rig count has gone down 1 to 34
• New Mexico is down to 108 rigs this week
• North Dakota is remains the same at 57 rigs
• Texas has gone down to 508 rigs from last week’s 509

Opening Prices from Bloomberg Energy on February 22

• West Texas Intermediate (WTI) opened at $56.84, up from last weeks $54.48
• Brent Crude opened at $67.96, up from last week
• Natural gas opened at $2.70, slightly more than last weeks $2.57

U.S. Energy Information Administration

• The EIA recently created a new Key Statistics and Indicators section that provides comprehensive, annual state energy statistics. Learn more about the update here.
• The EIA estimates that new methanol plants will increase industrial gas use through 2020. Learn more here.
• Did you know the basic metals industry is one of the world’s largest industrial energy users? Learn more here.