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Wyoming Energy News

March 8, 2019

March 8

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 11 rigs from last week to 1,027 rigs, with oil down 9 and gas rigs down 2
  • The U.S. rig count is up 43 rigs from last year’s count of 984, with oil rigs up 38 and gas rigs up 5
  • The Wyoming rig count has remains at 36
  • Colorado’s rig count remains at 34
  • New Mexico is down 2 from last week to 105
  • North Dakota is down 3 from last week to 53
  • Texas has gone down to 502 rigs 

Opening Prices from Bloomberg Energy on March 8

  • West Texas Intermediate (WTI) opened at $56.43, down from last week
  • Brent Crude opened at $66.08, slightly down from last weeks $66.48
  • Natural gas opened at $2.87, slightly more than last weeks $2.81

U.S. Energy Information Administration

  • EIA’s long-term projections show that most of the electricity generating capacity additions installed in the US through 2050 will be natural gas combined-cycle and solar photovoltaic. Learn more here.
  • In recent years, the US has seen an increase in natural gas processing plant capacity and output. Learn more here.
  • In 2018, electricity generation reached record highs, increasing by 4% to meet demand. Learn more here.

Jackson Hole News & Guide

  • This week the Wyoming Legislature approved a supplemental budget bill including $17.4 million in new funding for the University of Wyoming. Shortly after taking office Governor Gordon requested $10 million in funds for the School of Energy Resources, not including other additional funds or grants. Read more. 

Casper Star Tribune

  • Wyoming lawmakers gear up to modernize oil and gas statutes during the interim to catch u with advances in the industry driven by horizontal development. Learn more here. 
  • A federal oil and gas lease that was delayed for a year after offering sage grouse habitat to industry sells for approximately $88 million. Read more here. 

S&P Global

  •  Wyoming Governor Mark Gordon is in the decision making process regarding signing a bill that would require utilities to seek buyers for their coal-fired power plants, rather than closing them. The Governor is seeking to save the coal industry in Wyoming. Read 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

School of Energy Resources University of Wyoming
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