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As of 2000 he was Chairman of the Wyoming Retirement System Board. [25] Kenneth Lantta owns KDL Consulting, and has worked for the oil and gas industry (Precision Drilling Company, L.P. Wyoming oil & gas industry safety alliance). [26]
A refinery was built by the Mutual Oil Company in 1917 near Glenrock to process Big Muddy oil. Mutual was acquired by the Continental Oil Company in the mid-1920s with most of the field. The refinery closed by 1957. The refinery and another built by Standard Oil in Glenrock and others in Casper were connected to the field by pipelines.
The Salt Creek Oil Field is located in Natrona County, Wyoming. [2] By 1970, more oil had been produced by this field than any other in the Rocky Mountains region and accounted for 20 percent of the total production in Wyoming. [3] Petroleum seeps in the area were known before 1880, but oil strikes near Lander led to claims by Schoonmaker and ...
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Wyoming is a resource rich state with a history of boom and bust cycles. The 1970s energy crisis initiated a coal-mining boom in Wyoming that lasted until the early 80's. The state's latest energy boom (1995–2010) is due to increased development in oil and natural gas production as well as further growth in the coal-mining industry.
Wyoming state and local governments in fiscal year 2007 collected $2.242 billion in taxes, levies, and royalties from the oil and gas industry. The state's mineral industry, including oil, gas, trona , and coal, provided $1.3 billion in property taxes from 2006 mineral production. [ 85 ]
The Interstate Oil and Gas Compact Commission (IOGCC),< formerly the Interstate Oil Compact Commission, is a United States organization, representing the governors of 31 member and seven associate states, that works to ensure the nation's oil and natural gas resources are conserved and utilized to their maximum potential while protecting health, safety and the environment.
The mineral extraction industry, including oil and gas, is the main driver of the Wyoming economy, accounting for more than three-fifths of the state's revenues. [ 1 ] [ 2 ] Travel and tourism is the second-largest sector in the state, providing $3.3 billion to the state's economy, with $170 million in tax revenues in 2015, along with 32,000 ...