CASPER, Wyo. (AP) — Another oil company is scaling back drilling in Wyoming because of low oil prices, while a second company said it plans to maintain its current development plans.

EOG Resources said in a release announcing its 2014 earnings that it does not plan "significant development of its DJ Basin or Powder River Basin assets until crude oil prices improve."

Devon Energy, meanwhile, said it plans to drill 40 wells in the Powder River Basin in the coming year, the same number drilled in 2014.

Geologist Jimmy Goolsby tells the Casper Star-Tribune (http://bit.ly/1B19f6G) http://bit.ly/1B19f6G) that there will be companies scaling back on drilling.
Goolsby says big oil companies like Devon probably won't stop drilling at this point, but if oil prices remain depressed this next year, things could be pretty dismal.

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