The company seeking to build the nation’s first coal-to-gasoline plant in Wyoming has trimmed its request for taxpayer-backed bonds — allowing them to bypass legislative approval and rely only on approval of Carbon County, the State Treasurer and Gov. Matt Mead.
The persistent low price of natural gas continues to push coal-bed methane gas operators in the Powder River Basin to the brink of bankruptcy, leaving some 8,000 to 9,000 wells idle — many of them at risk of mechanical failure. Usually the bonds posted by companies facing bankruptcy fall short of covering the cost to […]
— This story was written in collaboration with the Rural West Initiative at the Bill Lane Center for the American West. True to the frontier attitude still prevalent here, oil and gas officials say there’s a treasure of fossil fuels in the West that will take America closer to energy independence than any plan conceived […]