Wyoming Energy News

March 22

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 1,016 rigs, with oil down 9 and gas rigs down 1 to 192.
• The U.S. rig count is up 21 rigs from last year's count of 995 with oil rigs up 20, gas rigs up 2 and miscellaneous rigs down to 0.
• The Wyoming rig count remains at 36.
• Colorado's rig count remains at 34.
• New Mexico is down 2 rigs to 104.
• North Dakota is up 1 from last week to 57.
• Texas is down 4 rigs to 497.

Opening Prices from Bloomberg Energy

• West Texas Intermediate (WTI) opened at $59.87 up $1.36 from last week.
• Brent Crude opened at $67.76 slightly up from last week's price of $67.18.
• Natural gas opened at $2.82 down $.03 from last week.

News

The U.S. government approved plans to expand the Lost Creek Mine owned by Ur-Energy.

A judge blocked oil and gas drilling in Wyoming and ordered the U.S. government to consider climate change impacts more broadly.

A Bureau of Land Management oil and gas lease sale in Wyoming netted $11.8 million.

Cision PRWeb reports Carbon Fuels LLC has been awarded a $2.0 million clean coal award from the Department of Energy. The School of Energy Resources is joining with Carbon Fuels as a sub-awardee.

Ben Cook, a senior economist and visiting assistant professor at the University of Wyoming's Enhanced Oil Recovery Institute discusses the 45Q tax credit for deployment of carbon capture and storage projects in the United States with the Wyoming Business Report.

According to the American Wind Energy Association, New Mexico's Energy Transition Act sets a goal to source 50 percent of New Mexico's energy from renewable sources by 2030.