Oil, gas booming in Utah

[NVMojo]

Sky-high natural gas and oil prices are leading to a rush of new drilling rigs in Utah and to a record year in the production sales values of "extractive industries."
By the end of 2005, Utah is expected to see the total sales value for oil, gas, minerals and coal reach $6.3 billion, a 50 percent increase from $4.2 billion in 2004, and the largest amount in the 40 years the state has been tracking the number, according to John Baza, director for the Utah Division of Oil, Gas and Mining.
The figures encompass the sales value of produced crude oil, natural gas, minerals, coal and metals.
"It's the biggest number I've seen, and I've been working in Utah now since about 1984," Baza said. "As product is produced and purchased in the state, people are paying taxes on that. Revenue streams and livelihoods are dependent on those kinds of numbers. There are people who are receiving income because they are working on those projects."



more...

http://deseretnews.com/dn/view/1%2C1249%2C635170571%2C00.html

[MidwestTransplant]

1. Too bad for Utah. They will end up looking like Wyoming when

this is done.

[NVMojo]

2. yep, and there are some stunning areas in Utah ...

[dcfirefighter]

3. Just drove through UT and NV (and IN, IL, MO, KS, CO, and CA)

UT is absolutely beautiful. Stayed in Moab and SLC. I noticed lots of old-style oil rigs in KS and CO, and lots of various coal operations throughout UT and NV.