Wyoming oil: Is the oil barrel half empty, or half full
July 9, 2017
GILLETTE, Wyo. (AP) — Citing a dramatic increase in industry activity, the president of the Petroleum Association of Wyoming is touting a budding rebound for Wyoming's oil industry, especially for the Powder River Basin in the northeast part of the state.
"There's been quite a bit of activity this year," Bruce Hinchey said. "I'd say we're looking pretty good compared to last year."
Following a 12 percent decline in oil production in the first quarter of the year compared to 2016, Hinchey said producers are starting to pump more and are ramping up for a busy summer.
In all of 2016, 11 rigs...