Oil and natural gas resources in Wyoming January 2020 summary report:
figureposted on 01.01.2020, 00:00 by No Author
Wyoming ranks eighth in the nation in both oil and natural gas production, according to the Energy Information Association, or EIA. Despite uncertainty in the global economy and supply gluts that threaten to slow the U.S. oil and gas industry, Wyoming oil production is forecast to reach levels not seen since 1993 for the second consecutive year. With substantial reserves of oil and natural gas (the EIA estimates Wyoming reserves are enough to supply the U.S. with 46 days of oil and 262 days of gas), a favorable regulatory environment, and operators’ increased ability to lower production costs in unconventional reservoir development, Wyoming will remain a significant contributor to the national energy portfolio. This report describes how each major basin in the state contributes to Wyoming’s oil and natural gas production.