Alva Review-Courier -

Wyoming oil industry still hampered by weak prices

 


CASPER, Wyo. (AP) — Low oil prices continue to stifle activity in Wyoming's oil industry.

Benchmark prices are lingering under $50 a barrel. Wyoming producers say they can manage above $50 but sustained low prices can slow down production and exploration.

Steve Kirkwood of Casper-based Kirkwood Oil and Gas says he's holding off on new drilling in older oil fields right now.

The Casper Star-Tribune reports (bit.ly/2rrtA3h) analysts are divided on what will happen with crude prices from here. Some are bullish but others including Phil Flynn with Price Futures Group in Chicago are more beari...



For access to this article please sign in or subscribe.



 

Reader Comments
(0)

 
 

Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2020