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Last week in numbers
Friday oil prices: West Texas Intermediate (WTI) $62.56, Brent (ICE) $66.08
Natural gas weekly averages: Henry Hub $2.59, Wyoming Pool $2.8, Opal $2.82
Baker Hughes rig count: U.S. 978, Wyoming 31
Quote of the Week
“There was a ruling in the last year or so that sent a really negative vibe throughout the mining sector in particular, that maybe Wyoming isn’t open for business.”
-- Rep. David Miller, R-Riverton, on the decision by an independent environmental citizens board to halt a coal mining permit for environmental reasons.
Big news on the wind front from Rocky Mountain Power. The firm announced who is building new wind in Wyoming and where those farms will be.
Lawmakers in Cheyenne are divided over a proposal to cut the funding in the second year of the two-year budget for the Environmental Quality Council. Those who support the cut say the council of citizens needs to report to lawmakers on its efficiency and questioned the council's decision over the Ramaco coal mine last year. Others tried, and failed, to undo the funding cut in the House budget bill, arguing that the move was punitive.
Energy bills haven't gotten too far this year, as lawmakers grapple with the budget. Here's a wrap of how the most prominent bills fared last week.
- A bill changing qualifications for miners seeking financial help with medical issues has advanced through the house. As of Friday, it was still in the appropriations committee.
The Bureau of Land Management's methane rule got another shot thanks to a California judge. The controversial requirements for oil and gas operations have come and gone throughout 2017 and industry groups tried to axe the rule and environmental groups pushed to retain it.
Devon Energy, party to the large oil and gas project proposed in Converse County, announced disappointing earnings last week.
Another Michigan utility will phase out coal by 2040, meaning another customer of Wyoming's coal sector is getting out of the business.
In other news... The Converse County proposal of 5,000 wells in 10 years is one of the biggest single developments the state has experienced. Expect lots of stories in the coming months on the project and on what it means in eastern Wyoming.