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Mon May 15, 2006
Oil and Gas Rig Count Reaches 20-year High
Gillette, WY – Wyoming has seen more oil and gas drilling
activity this spring than it has for more than twenty years.
The Wyoming Oil and Gas Conservation Commission reports that the number of drilling rigs operating in the state this April was 106. That's the highest number since 1985.
The commission reports that increased deep-well drilling is driving the state's large rig count, while drilling for coal-bed methane is down 18 percent from a year ago.
State regulators are having a tough time keeping up with the demand for drilling permits. The state issued about 3-thousand, 2-hundred permits through the end of April. For the same period last year, it had issued more than 4-thousand.
Drilling is up around the nation, and particularly in Rocky Mountain states. The commission reports that the rig count across the Rockies was up 26 percent during the first four months of this year.