July natural gas and crude oil prices up; jobs up from 2018 - Casper, WY Oil City News
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July natural gas and crude oil prices up; jobs up from 2018

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CASPER, Wyo. — Natural gas and crude oil prices were up in July compared with the June values, according to the State of Wyoming’s Economic Analysis Division.

“’The price of natural gas at the Opal Hub rose in July along with the price of crude oil compared to June values,'” Jim Robinson, the division’s principal economist said in a Tuesday, July 30 press release.

In July the Opal price of natural gas averaged $2.03 per million British thermal units compared with $1.78 per unit in June.

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But that price is down from a year ago when prices averaged $2.49 per MMBtu in July 2018.

“The West Texas Intermediate crude oil price averaged $57.48 per bbl. in July 2019, an increase compared to the June 2019 average price of $54.68 per bbl. but was $13.36 per bbl. lower than the July 2018 price,” the release adds.

15,840 applications for permits to drill oil had been filed through June compared with 7,830 over the same time frame in 2018.

Oil and gas provided 12,600 jobs in June, up 200 from 2018 numbers.