CASPER, Wyo. (AP) — The Denver-based Anschutz Corp. is putting new emphasis on increasing its oil industry operations in Wyoming.
On Wednesday, the company confirmed a $69 million transaction with Bill Barrett Corp. whereby Anschutz will gain drilling rights to about 30,000 acres in the Powder River Basin in northeast Wyoming.
Anschutz has been active in Wyoming in recent years but not in oil. Its subsidiary Power Company of Wyoming has proposed building the largest onshore wind farm in the country in south-central Wyoming.
Anschutz executive Joseph DeDominic tells the Casper Star-Tribune (https://bit.ly/1yiopo2 ) that the transaction marks a “major re-emphasis” on oil and gas in Wyoming by the company.
He says Anschutz has contracted its first drilling rig in the basin, and it is expected to begin work in November.
___
Information from: Casper (Wyo.) Star-Tribune, https://www.trib.com
Please read our comment policy before commenting.