Western Values Project aims to provide members of the media, policy makers and the public with an honest, accurate and rhetoric-free source of information about energy development on public lands.
Oil and Gas Production of Federal Minerals in Wyoming Source: Office of Natural Resources Statistical-Revenue Information Federal oil production reached record levels in Wyoming last fiscal year, increasing nearly 35% […] Read More
Source: Office of Natural Resources Statistical-Revenue Information
Federal oil production reached record levels in Wyoming last fiscal year, increasing nearly 35% over FY 2014 levels. Gas production also increased but remained largely consistent with historic levels over the past decade.
Source: BLM FY 2015 Idle Well Report (IM No.2012-181)
Nearly three-quarters of federal wells in Wyoming are gas wells. As a result, trends in federal leasing, permitting and drilling tend to closely reflect gas prices.
Sources: BLM Oil and Gas Statistics, Energy Information Administration
In 2008, when prices averaged $8.85/MMBtu, industry nominated more than 1.5 million acres for lease in Wyoming, but, in every year since, gas has been below $5/MMBtu, and nominations have totaled less than 1 million acres.
Sources: BLM Oil and Gas Statistics, BLM LR2000
There’s a large surplus of existing, unused federal leases in Wyoming. At the end of FY 2015, of the 10.2 million acres of federal lands under lease, 6.2 million acres, or 60% of all active leases, were non-producing.
Sources: BLM Oil and Gas Statistics, WY Office of State Lands and Investments
Federal leasing remained sluggish in Wyoming last year amid low gas prices and a surplus of existing unused leases, permits and wells. As of February 2016, operators had voluntarily “shut in” nearly 4,000 federal gas wells in the state.
Sources: BLM Oil and Gas Statistics, WY Oil and Gas Conservation Commission, Energy Information Administration
From 2006 to 2015, state and federal permitting both declined in Wyoming, as gas prices fell from $7/MMBtu to less than $3/MMBtu. Even though fewer permits were issued, there is still a large surplus of existing, unused federal drilling permits in the state—at the end of FY 2015, operators held more than 2,000 unused permits.