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Oil and Gas Core of Wyoming Economy

A report released by the American Petroleum Institute (API)  and the Petroleum Association of Wyoming (PAW) found that before mass layoffs of 2020, one-sixth of Wyoming’s jobs and more than a quarter of its GDP came from the oil and gas industry.

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.

Republican Governors in Fight Against Anti-Fossil Fuel Policies

On July 19, 2021, 10 Republican governors, led by Wyoming Governor Mark Gordon, issued a joint statement in opposition to President Biden’s efforts to interfere in the market and forcing financial institutions to restrict capital access for fossil fuel projects in response to recent actions taken by the Biden Administration

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.

Second Round of Energy Rebound Program

Governor Mark Gordon has re-launched the Energy Rebound Program designating $12 million of the remaining CARES Act funds to boost employment in the oil and gas sector

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.

Push to Develop the Powder River Basin

An effort to develop Wyoming’s Powder River Basin aims to evolve the region into the Carbon Valley to advance new carbon industries that go well beyond burning coal

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.

Carbon Storage June 2021

The Department of Energy (DOE), the Office of Fossil Energy (FE) and the National Energy Technology Laboratory (NETL) release June’s 2021 Carbon Storage Newsletter (CSN) and summarizes public and private sector carbon storage news from around the world.

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.

Accelerating Development and Deployment of CCUS

Growing scientific consensus shows that carbon capture, utilization, and sequestration (CCUS) and carbon dioxide removal (CDR) will likely play an important role in decarbonization efforts globally

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 Success in Carbon Capture Matters

Featured by North Dakota’s KX News, The University of Wyoming’s School of Energy Resources (SER) has partnered with Basin Electric to commercialize and deploy a carbon capture and storage project

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 Pipeline Expansion

Tallgrass Pony Express Pipeline LLC has launched a bidding open season to test support from crude shippers to secure expansion capacity between Guernsey, Wyoming and Sterling, Colorado

Pony Express has a capacity of roughly 400,000 b/d, and sources crude from the Williston, Denver Julesburg and Powder River basins.