Publisher's Synopsis
Excerpt from Federal Onshore Oil and Gas Leasing: Hearing Before the Subcommittee on Mineral Resources, Development and Production of the Committee on Energy and Natural Resources, United States Senate, One Hundredth Congress, First Session on S. 66; June 30, 1987
In Colorado this decline was 50 percent. In Wyoming it was down over 61 percent. Now, there is a little price improvement in oil. It has come back to $20 a barrel. There is a chance that that figure, if it is going to remain at $20, that we will see rigs getting out, drill ing some more oil.
I think we have five rigs working in Montana, for instance, this year, right now, which is not very much but it is better than none working, which was the case about a year ago. I do not know what the case is in Wyoming or North Dakota or Colorado, or New Mexico. But I hope it is on the upswing.
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