Wyoming oil industry still hampered by weak prices
June 14, 2017
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...