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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 jobs. [3]
The Big Muddy field produced little gas, although more gas came from the Wall Creek wells, and 549 million cubic feet of gas was produced in 1957, most of which was used locally in production work. [2] [3] A refinery was built by the Mutual Oil Company in 1917 near Glenrock to process Big Muddy oil.
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 ...
A P&H 4100 shovel loads coal into a haul truck at the North Antelope Rochelle Mine.. Coal mining in Wyoming has long been a significant part of the state's economy. Wyoming has been the largest producer of coal in the United States since 1986, [1] and in 2018, coal mines employed approximately 1% of the state's population. [2]
A Wyoming coal mine that supplies fuel to a power plant that will be converted to burn gas plans to lay off 19 workers next month, the latest of thousands of jobs lost in the beleaguered U.S. coal ...
The oil and gas company offering the highest up-front payment to the government (called a bonus) wins the lease. The government also receives a fixed annual rental based on the area for non-producing leases, and a percentage of the market value of any oil or gas produced and sold ( royalty ).