API reports that in 2019, the industry directly supported 28,270 jobs — 6.8% of the state’s total employment. It generated 18% of Wyoming’s GDP and 17.3% of its labor income, including wages, salaries, benefits and proprietors' income. Oil and gas supported another 9.8% of jobs, 8.3% of GDP and 8.3% of labor income in the state from indirect and induced impacts which come from the spending of industry – related earnings.
The Governors’ joint statement is below:
“As the American economy recovers and Americans take to the roadways this summer, the nation’s average gas price is the highest in seven years at more than $3 a gallon. Since taking office, President Biden has used executive action to interfere in the market and force banks to bend their will to the left’s energy policies, including efforts to gut the oil, gas, and coal industries. These policies have punished consumers still recovering from the pandemic. Instead of fostering innovation, this misguided approach to repressing enterprise is crippling our future and slowing progress towards genuine climate solutions.
The Wyoming Oil and Gas Conservation Commission (WOGCC) is administering the program which is providing business relief targeted towards wells that were unable to be recompleted, and plugging and abandonment (P&A) projects which could not be finished due to the impacts of the COVID-19 pandemic.
Northeast Wyoming and its 25 billion tons of available coal is positioning itself as the nation’s Carbon Valley by embracing many types of carbon research and usage to spark a new carbon economy. This includes efforts to capture, sequester and reuse CO2 emissions from coal-fired power plants. Private industry is targeting the Carbon Valley for research to make carbon-based products such as carbon nanofiber, graphene and air filter systems.
The Carbon Storage Newsletter provides information on recent activities and publications related to carbon storage. It covers domestic, international, public sector and private sector news in areas such as: DOE/NETL Highlights, announcements, project and business developments, legislation and policy, emissions trading, science and publications.
The White House has released the Council on Environmental Quality Report to Congress on Carbon Capture, Utilization, and Sequestration in an effort to reach the ambitious goal of net-zero emissions economy-wide by mid-century. CCUS and carbon dioxide removal (CDR) will likely play an important role in decarbonization efforts globally; action in the United States can drive down technology costs, accelerating CCUS deployment around the world, as stated in the report.
Wyoming’s CarbonSAFE closely mirrors North Dakota’s Carbon Safe project and both are leading the charge for the next generation of coal. Much like North Dakota, Wyoming has favorable geology suitable for carbon storage. In Carbon Valley, the valley encircling Gillette and Basin Electric’s coal-fired Dry Fork Station, a trifecta of private, state, and federal interests leverage off each other to participate in a project focused on a common goal, using carbon capture and storage to minimize the carbon footprint of the powerplant. By utilizing 2D and 3D mapping, and oil field method reservoir stress testing using water, Carbon Valley has proven to be an ideal geological location for storing the 3.3 million tons of CO2 annually emitted by the Dry Fork Power Station.
Pony Express has a capacity of roughly 400,000 b/d, and sources crude from the Williston, Denver Julesburg and Powder River basins.