Wyoming is an untapped market in the world of plastics. Raw material is abundant, but at present is shipped to out-of-state markets. Given the vast expanse of land and a business friendly atmosphere as it relates to state government, it is a supply on which Converse County leaders believe the plastics industry can grow. They are looking for that kind of growth by inviting plastics companies and related businesses to come see all the community has to offer.
Natural gas production in Wyoming has increased steadily since 1999. Production is expected to continue the upward trend, Converse County included. Due to the area’s distance from the nation’s largest gas customers, there’s a financial incentive for gas that can be used locally. The U.S. Energy Information Administration says, “Wyoming typically consumes well under one-tenth of the natural gas it produces.” Mid-October the City Gate price for natural gas in Wyoming was $3.35/thousand cubic feet compared to a national average of $4.57/thousand cubic feet.
- Wyoming is One of the Nation’s Top Ten Natural Gas Producers.
- Over One-fifth of the State’s Production of Natural Gas Takes Place in the Powder River Basin, Directly North of the City of Douglas.
- Natural Gas Production in Wyoming has Steadily Increased Since 1999.
- Mid-October 2015 Price for Natural Gas in Wyoming was $3.35 Per Thousand Cubic Feet, Compared to the National Average of $4.57 Per Thousand Cubic Feet.
EOG Resources has also opened offices in Douglas. The company is another of the nation’s largest oil and gas producers. Anadarko, another key player in this industry, is also active in the Powder River Basin.
Abundant natural gas in an untapped market is at the center of Converse County’s invitation for a plastics company to build in the community. Couple that with life on MOUNTAIN TIME and business and life are good!