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Wyoming Energy News March 1

March 1, 2019

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 9 rigs from last week to 1,038 rigs, with oil down 10 and gas rigs up 1 to 195
  • The U.S. rig count is up 57 rigs from last year’s count of 981, with oil rigs up 43 and gas rigs up 14
  • The Wyoming rig count has gone down to 36
  • Colorado’s rig count remains at 34
  • New Mexico is down 1 from last week to 107
  • North Dakota is down 1 from last week to 56
  • Texas has gone down to 503

Opening Prices from Bloomberg Energy on March 1

  • West Texas Intermediate (WTI) opened at $57.22, up from last weeks $56.84
  • Brent Crude opened at $66.48, down from last week
  • Natural gas opened at $2.81, slightly more than last weeks $2.70

U.S. Energy Information Administration

  • The EIA expects stable US biofuel production, consumption and trade through 2020 based on its recent short-term energy outlook. Learn more here.
  • Global liquid fuels production is expected to outpace demand despite recent supply reductions. Lean more here.

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