Oil and gas industry shows signs of recovery across Wyoming

Wyoming’s oil and gas industry continues to show signs of recovery from the 2020 pandemic shockwave that drove the price of oil below $0 per barrel, spurred layoffs and stalled production.

At least 18 rotary rigs were active in the state during the second week of October compared to one rig during the same week in 2020, according to Enverus, which tracks rig data on a weekly basis.

Wyoming saw a rig count of zero for the first time in its history in June 2020, then again in August 2020.

Most of the drilling activity is targeting oil in the southern Powder River Basin. Ten rotary rigs were acti...

 

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