The Fraser Institute’s 2023 “ Energy Sector Competitiveness Survey ” put Wyoming at the top for the second year in a row. Down at the bottom of the 2023 list is California and Colorado, both of which have consistently ranked as the least competitive states for the past few years.
The study looks at how friendly states and Canadian provinces are to investments in oil and gas exploration and production facilities. It surveys senior executives in the upstream oil and gas sector, which is the portion of the industry that’s engaged in exploration, drilling, and extraction.
The survey asks executives if the regulatory environment of a state or province encourages or discourages investments and to what degree. It asks about environmental regulations, regulatory inconsistencies and duplication, regulatory enforcement, cost of regulatory compliance, labor regulations, the legal system and taxation, among other items.
Wyoming has steadily improved its regulatory regime, according to the […]
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