Wednesday, February 4, 2015

Lex Anteinternet: Lex Anteinternet: The best-laid schemes o' mice an...

Lex Anteinternet: Lex Anteinternet: The best-laid schemes o' mice an...:   Small rig, in mine, 1972.  A type that's change a lot. Lex Anteinternet: The best-laid schemes o' mice an' men: Lex An...
The past couple of years the campgrounds at the Wyoming State Fairgrounds have been really packed, in part because the decision was wisely made to allow those campgrounds to be partially used year around by oilfield workers.  It made a lot of sense, the facilities were there, but most of the year weren't used that much. Why not relieve the housing shortage in Converse County and maximize the return on the facility?

Last week the Tribune ran an article that now a lot of those campers have cleared out and others are contemplating doing so.  Oilfield workers hauling off their trailers and going home.  Another, very real, sign of the decline.

Today the Tribune reported that the Legislature proposes to take a $200M payment to the "rainy day fund" and apply it to the budget, to make up for a projected revenue shortfall.  Also a sign of the decline in drilling.

And yet, we're still at the denial stage in some quarters, although that's gone from "it's not happening" to "it'll be short".  I don't think the industry is saying that however.

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