WASHINGTON, DC, Apr. 27 -- The Interstate Oil & Gas Compact Commission has formed a task force to study why Rocky Mountain and Northern Plains oil producers receive $20-30/bbl less for their oil than the current world price.
Wyoming Gov. Dave Freudenthal, who chairs IOGCC, asked officials from five other states, Alberta, and the US government to help his state find the differential's cause. The states uncovered the difference in preliminary analyses, he said Apr. 25.
The other states are Colorado, Montana, North Dakota, South Dakota, and Utah. Freudenthal also asked the US Department of Energy and Federal Energy Regulatory Commission to participate.
He hopes to report findings at an IOGCC issues meeting May 21-23 in Billings, Mont.
Contact Nick Snow at [email protected].