March 29, 2019
March 29
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 count activity exploring for oil and/or natural gas.
- U.S. rig count is down 10 rigs from last week to 1,006 rigs, with oil down 8 and gas
rigs down 2, with miscellaneous rigs unchanged.
- The U.S. rig count is up 13 rigs from last year's count of 993 with oil rigs up 19,
gas rigs up 4 and miscellaneous rigs down 2.
- The Wyoming rig count remains at 36.
- Colorado's rig count had gone down 4 rigs to 30.
- New Mexico is remains at 104 rigs.
- North Dakota is up 3 rigs to 60.
- Texas is down 6 rigs to 491.
Opening Prices from Bloomberg Energy
- West Texas Intermediate (WTI) opened at $59.53, $0.34 down from last week.
- Brent Crude opened at $68.01, up $0.25 from last week.
- Natural gas opened at $2.72, down $0.10 from last week.
News
The Casper Start Tribune reports that the energy industry in Wyoming has had to scale back production over
and over due to an increase in ozone action days this year.
Tuesday, March 26, Cloud Peak Energy was suspended from trading on the New York stock
Exchanges due to the coal company’s sustained low stock price.
The Casper Start Tribune offers more information on this piece of energy news.
Argus Media reports that a prospective buyer for Pacificorp’s Dave Johnston coal-fired power
plant has emerged, if the utility chooses to sell it.
The Gillette News Record reports that Converse County is continuing to see multimillion dollar projects pop
up throughout the county, most notable are projects involving water fracking and water
recycling and treatment.
The Wyoming Public Media released an article discussing an Idaho Utility’s commitment to 100% renewable energy,
while Mountain West States are finding new ways to handle the decline in coal plants.
AP News reports that a British billionaire who’s a major contributor to environmental
causes, including fighting climate change, will help fund carbon-capture research
in Wyoming.
