Innocent, Inc. (INCT) Well-Positioned to Capture Share of Wyoming’s Second Oil Boom
The state of Wyoming is expected to have produced roughly 63 million barrels of oil in 2013, placing it eighth in the Energy Information Agency’s U.S. crude oil production rankings, according to the February 2014 Wyoming State Geological Survey (WSGS). The Powder River Basin is at the forefront of the state’s oil production, heading up what many are calling a second oil boom. While this second boom is estimated to be smaller than the original boom that peaked at 160 million barrels in 1970, oil production in the state has steadily increased in the last five years. Current production is…