Despite a new state report showing the Wyoming economy is bouncing back, sluggish income growth and job losses, particularly in the oil and gas industry, mean the state’s overall progress is expected to be slow.
“The natural gas and oil industry follow the global markets and must utilize the oversupply that was created during the pandemic before we will see prices rise significantly and allow for increased production,” Ryan McConnaughey, communications director at the Petroleum Association of Wyoming (PAW), told The Center Square.
The oil and gas industry itself has been in a slouch and continues to seek recovery.
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