Wyoming Oil Producers See Higher Prices After BP Shutdown
Gillette, WY – The head of the Wyoming Pipeline Authority
says he doesn't foresee any logistical impacts on Wyoming's oil production from the recent temporary shut-down of the Prudhoe Bay oil field in Alaska.
Bryan Hassler is executive director of the pipeline authority. He said the Alaska situation could increase interest in developing domestic oil resources in Wyoming and elsewhere.
Oil prices jumped about $2 a barrel yesterday (Monday) in response to the decision by B-P Exploration Alaska Incorporated to shut its Prudhoe Bay oil field. The field supplies about 2-point-6
percent of the nation's daily oil supply including imports.
Don Likwartz is supervisor of the Wyoming Oil and Gas Conservation Commission. He says that for the first time in 20 years, oil production has increased in Wyoming this year.
Likwartz said Wyoming's oil production was up just over 2 percent in the first four months of this year. Last year, Wyoming produced 56-point-6 million barrels of oil, making it the sixth largest domestic oil producer.