If you are looking to make your entrance into the oil and natural gas industry, Wyoming is a great place to start. Wyoming ranks 8th in the U.S. for crude oil production, which may not sound like much, but they produced over 75 million barrels of crude oil in 2017 which is about 3 million more barrels than they produced in 2016.
Wyoming is alive with oil and gas investment opportunities. If the rapidly increasing crude oil production rate wasn’t enough, in 2016 it was calculated that Wyoming had proven crude oil of 791 million barrels, which is 2.4% of all the oil reserves in the U.S. Wyoming also ranks 6th in the U.S. for their natural gas production.
There is clearly a great outlook for oilfield service companies, but where are all the natural resources? Well, in case you missed the heading of this section, it’s predominantly in eastern Wyoming — more specifically, the Niobrara Shale. As mentioned in our blog about great places for Colorado oilfield wellheads, the Niobrara Shale is the up-and-comer in the oil and natural gas world. The Bakken Shale has been around for years and has shown unprecedented success, and the Niobrara Shale is already gaining traction as the “next Bakken Shale.” This is very high praise and not to be taken lightly.
Anyone looking to set up a new oilfield wellhead in Wyoming would be wise to find a great location along the Niobrara Shale in eastern Wyoming. In order to reach the crude oil and natural gas though, you will need the right fracking and drilling equipment. Contact us at Northern Oilfield Services today for oilfield supply rental, purchasing, or servicing.
As of recently, oil and natural gas production has begun to pick up in the western parts of Wyoming. Pinedale supplies about 2% of the country’s natural gas supply, and is one of the largest natural gas extraction areas in the U.S. It is estimated to have around 39 trillion cubic feet of natural gas reserves remaining. More and more natural gas oilfield wellheads are springing up every day in western Wyoming. If you are looking to make your way into the oil and natural gas industry in Wyoming, the area in western Wyoming near Pinedale isn’t a bad place to start.
Even though Wyoming isn’t the largest producer of crude oil and natural gas, it is still a wise place to start your oilfield wellhead. Western Wyoming is teaming with natural gas opportunities waiting to be extracted, while eastern Wyoming is a current up-and-coming hotspot for crude oil. Eastern Wyoming is the next big thing when it comes to oilfield wellheads since the generous and untapped Niobrara Shale formation runs directly through eastern Wyoming.
Northern Oilfield Services is an oilfield supply company that can accommodate nearly any fracking equipment or drilling equipment needs. We offer maintenance services, oilfield equipment rentals, and oilfield equipment sales. Reach out to us today to start your oilfield wellhead in Wyoming.