CASPER, Wyo. (WR) — Staff closed Wyoming’s final working oil rig on Tuesday.
It’s simply the second time since 1884 that the state has had zero gasoline rigs in operation, in response to Pete Obermueller, the manager director of the Petroleum Affiliation of Wyoming.
“It’s historic, however not in a good way,” Obermueller stated. “There are such a lot of jobs connected to those rigs, and now, individuals are painfully studying a lot income is connected too. It’s thoughts boggling and laborious to seize the influence.”
The group estimates that one misplaced rig means roughly 100 misplaced jobs, the Casper Star-Tribune reported.
Lyle Williams, a candidate for state senator, posted on social media an image of the gasoline rig closing.
“One other unhappy day,” he wrote within the publish. “Rigging down the final working drilling rig in Wyoming.”
The rig was situated simply south of Rock Springs close to the Colorado border, Williams stated.
The variety of rigs usually signifies an space’s oil and gasoline exercise. In August 2019, the state had roughly 37 rigs in operation.
This yr, diminished demand for oil because of the coronavirus pandemic and a world worth struggle have depleted manufacturing. In April, oil future costs turned adverse for the primary time in historical past.
The state depends closely on income from fossil fuels. The collapse in vitality costs and the pandemic has led state analysts to foretell a $1.5 billion income decline.