Drilling remains slow in Wyoming amid low oil prices

April 25, 2015 12:08 AM

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Drilling for oil and gas in Wyoming has sunk to the lowest rate since 1999 amid oil prices that are too low for petroleum companies to invest in new exploration.

Oil prices are gradually climbing again after a sharp slide. After falling below $50 a barrel, the price has rebounded to around $58 but remains well below the more than $100 seen last summer.

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