Wyoming oil and gas stimulus showing promising start

Wyoming News December 1, 2020

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Wyoming oil and gas stimulus showing promising start

CASPER, WYO. (AP) — Officials say an oil and gas stimulus program in Wyoming has shown promising initial results in helping operators recover from the economic downturn caused in part by the pandemic.

The Casper Star-Tribune reported that Gov. Mark Gordon created the Wyoming Energy Rebound Program to give companies money needed to complete specific projects placed on hold because of the pandemic, including plugging and abandoning wells, and drilling uncompleted wells.

The Republican governor announced earlier this month that he would dedicate $15 million in federal coronavirus relief funds to create the program.

He later doubled the amount to $30 million in response to high demand.

Source: Casper (Wyo.) Star-Tribune

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