December 10, 2018
The School of Energy Resources frequently features information about the energy industry.
Here is a summary of some of the highlights of recent stories:
Baker Hughes released its weekly rig counts:
- The Wyoming Rig Count is holding steady at 30 rigs.
- The US Rig Count is down 1 rig from last week to 1,075, with oil rigs down 10 to 877
and gas rigs up 9 to 198.
- The US Rig Count is up 144 rigs from last year’s count of 931, with oilrigs up 126
and gas rigs up 18.
Opening Prices from Bloomberg:
- West Texas Intermediate (WTI) has gone from $52.50 last week down to $51.85.
- Brent Crude has gone from $61.07 last week to $61.02.
- Natural Gas has changed from $4.60 to $4.32 this week.
The Casper Star Tribune:
Prices have shot upwards for natural gas this winter after the market realized there likely wasn't enough in storage to keep
the country warm. Likely just a seasonal blip, the higher prices have encouraged some
in the state as oil prices have been sliding since October, with West Texas Intermediate
now hanging on just over $50 a barrel.
- Drilling in Converse County is driving hiring in towns like Douglas, according to
reporting from the Douglas Budget.
Wyoming Public Media: