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Economist: Wyoming Economic Downturn Has Bottomed Out

A Senior State Economist says the latest numbers seem to show the economic downturn which has plagued Wyoming over the past year may have hit bottom.

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Oil Boom Shifts The Landscape Of Rural North Dakota
Getty Images
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Wyoming Economist Sees Hope For Energy Industry

While there is a fair amount of bad news in the latest ''Wyoming Insight" monthly report on the state economy, there are also some hopeful signs.

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Economist Sees Hopeful Signs For Oil, Gas Prices

The principal economist with the state's Economic Analysis Division says there is hope for increasing oil and gas prices, which are critical to the state's economy.

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Economist Hopeful ‘We’ve Seen The Worst’ In Oil Industry

The principal economist for the state's Economic Analysis Division says there are hopeful signs for the oil industry in Wyoming.

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Oil Rig
Andrew Burton, Getty Images
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Wyoming’s Economy Shows Slow and Steady Growth

According to the March issue of Wyoming Insight, Wyoming's economy is growing slowly.

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Wyoming’s Economy Finishes 2013 On a Positive Note

The report shows Wyoming’s personal income increased from $27.9 billion in 2011 to $29.1 billion in 2012 as well,

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Cheyenne Light Truck (Couresy cheyennecity.org)
Cheyenne Light Truck (Couresy cheyennecity.org)
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Cheyenne Light: Natural Gas Prices Likely to Be Flat This Winter

Cheyenne Light, Fuel & Power’s natural gas prices this winter are expected to remain flat or slightly below 2011 prices overall.  Last winter was warmer than normal across Cheyenne Light’s service territory. If weather is colder this winter than last, total heating bills could be higher than last winter if customers increase their usage. Besides price, usage is the other factor that determines overall natural gas utility bills, and weather is a key driver in how much natural gas customers use to heat their homes and businesses.

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(Christopher Furlong/Getty)
(Christopher Furlong/Getty)
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Energy Expert Says Natural Gas Prices Have Bottomed Out

Winston Porter, an environmental energy consultant and lecturer on energy issues said in Cheyenne Tuesday that he feels natural gas prices have "bottomed out" and will probably increase over the coming months, although he says the short term increases will probably be rather small.

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(Christopher Furlong/Getty)
(Christopher Furlong/Getty)
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Wyoming Economy: The Good and Not So Good

The state's most recent economic indicators show some good news and some not so good news. Jim Robinson, Senior Economist With the state's Economic Analysis Division, says natural gas prices at the Opal hub averaged $2...

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Economist Ernie Goss
Economist Ernie Goss
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Goss Predicts Growth for State Economy

Creighton University Economics Professor Ernie Goss says his latest survey of purchasing managers in Wyoming shows continued growth for the state economy. Unfortunately for the overall economy and state revenues, however, the outlook for natural gas prices is somewhat murky. Goss says his economic conditions index score for Wyoming for April was 68.5. Even though that's a slight decline from the March score of 70.2, Goss still characterizes the April score as ''very strong".

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