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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.

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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