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Wyoming Energy News

February 22, 2019

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.

Contact Us

School of Energy Resources

1000 E. University Avenue

Dept. 3012

Laramie, WY 82071

Phone: 307-766-6897

Fax: 307-766-6701

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