Wyoming Business Council has hired Shawn Reese to take over as its CEO this month. Reese replaces Bob Jensen who stepped down in March. Reese worked for the business council for many years and recently has worked for Governor Matt Mead. He tells Bob Beck that the state is making headway on diversifying the economy.
According to new estimates from the Governor’s office, plugging abandoned oil and gas wells in Wyoming could cost anywhere from $8 to $32 million.
The smaller figure takes into account only wells that the state knows are abandoned. The larger one includes wells owned by bankrupt methane farming company Luca Technologies and the 2300 wells the state considers ‘at risk’ for abandonment.
That number of 'at risk' wells is twice previous estimates. The Governor's policy director, Shawn Reese, says the discrepancy can be traced back to the Oil and Gas Conservation Commission.