Wyoming Insight reports increase in natural gas, drop in oil rigs

CHEYENNE—Natural gas prices increased, and the oil rig count dropped to the lowest level since 2021, according to Wyoming Insight, an energy index and business indicators report for the state.

The July 2025 natural gas price at the Henry Hub averaged $3.20 per million British thermal units (MMBtu), $0.18 more than last month and $1.13 more than July 2024. The Opal Hub natural gas price averaged $2.80/MMBtu in July, $0.18 more than last month and $0.89 more than July 2024.

The West Texas Intermediate monthly average price for crude oil was $68.39 per bbl in July, 0.3% more than a month ago, but 16.4% less than July 2024.

Average active oil rigs were eight in July, and the conventional gas rig count was four. At this time

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