CHEYENNE (WNE) — The number of jobs and oil and gas production in the state were all up at the end of 2024, but so were gas prices, according to the MACRO Report, a quarterly publication that provides an overview of Wyoming’s economy based on employment, energy, state revenues and other indicators.

Highlights from this quarter’s issue include the following: 

(1) Year-over-year total jobs in the state were up 1.1% (+3,200) in the month of November 2024.

(2) West Texas Intermediate oil prices in December 2024 averaged $70.12/barrel, $1.78 less than December 2023. Henry Hub natural gas prices averaged $3.02/MMBtu in December 2024, up $0.50 year-over-year.

(3) Oil (+11.6%) and natural gas (+5.2%) production have both increased calendar year-to-date through October (January-October 2024) compared to the same time period in 2023, while coal production has declined (-20.8%).

(4) Wyoming’s 2024 third-quarter real gross domestic product (GDP) increased by 1.9% at an annualized rate from the previous quarter. This increase was lower than the Rocky Mountain region (+3.5%) and the United States (+3.1%).

(5) Statewide sales and use tax collections through the first six months of fiscal year 2025 (July-December 2024) were 3.3% lower than they were in fiscal year 2024.

(6) Statewide severance tax collections (cash based) through the first six months of fiscal year 2025 are 9.6% lower than they were in fiscal year 2024.

See the December 2024 issue of the Wyoming MACRO Report at tinyurl.com/dec-24-macro.