The Bureau of Land Management’s first oil and gas lease sale in over a year netted roughly $14.7 million in Wyoming — about $1.8 million more than last year’s sale. Wyoming will receive 48% — roughly $7 million — of that revenue. While Gov. Mark Gordon applauded the lease sale in a Monday statement, he […]
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Despite lingering concerns about China’s economy, global oil demand hit a record high in June. It could be on track for another form of tighter oil market move in August. This is what the International Energy Agency (IEA) said in its latest monthly report. The cuts from OPEC+ and Saudi Arabia are coupled with expected […]
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US Pump gas prices are creeping toward $4 a gallon nationally. According to AAA, the national average for regular gasoline hit $3.85 a gallon on Monday. That’s the highest level since October 19 and comes just weeks ahead of Labor Day weekend when millions of Americans will hit the roads. The summer spike in gas prices […]
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First Oil and Gas lease sale of 2023 nets estimated $14.7 million in Wyoming
IndustryThe Bureau of Land Management’s first oil and gas lease sale in over a year netted roughly $14.7 million in Wyoming — about $1.8 million more than last year’s sale. Wyoming will receive 48% — roughly $7 million — of that revenue. While Gov. Mark Gordon applauded the lease sale in a Monday statement, he […]
Tighter Oil Market Supports Prices
IndustryDespite lingering concerns about China’s economy, global oil demand hit a record high in June. It could be on track for another form of tighter oil market move in August. This is what the International Energy Agency (IEA) said in its latest monthly report. The cuts from OPEC+ and Saudi Arabia are coupled with expected […]
US Gas Prices Climb to Highest Level in Nearly 10 Months
IndustryUS Pump gas prices are creeping toward $4 a gallon nationally. According to AAA, the national average for regular gasoline hit $3.85 a gallon on Monday. That’s the highest level since October 19 and comes just weeks ahead of Labor Day weekend when millions of Americans will hit the roads. The summer spike in gas prices […]