Possible New Profits in Wyoming Oil
Cheyenne, WY – Oil prices are high right now and that's getting companies interested in looking at old oil reserves in Wyoming. To get at the oil operators would have to use enhanced oil recovery technologies. The governor reports that this could mean millions more in revenue for the state. And he put together a task force to make recommendations on how to encourage enhanced oil recovery. State Geologist Lance Cook says the task force decided the best thing the state can do is set up a research institute at the University of Wyoming. This would cost $800,000 dollars a year for three years.