MOGA President Jason Geer and Adam Wygant, Director of the Department of Environment, Great Lakes and Energy’s Oil, Gas and Minerals Division have been featured in a piece by Andy Balaskovitz in MiBiz. The piece discusses the impact of Covid-19 on the industry and the industry's long-term outlook.
“Oil has been pretty cheap, and that has definitely impacted our ability to drill,” Geer said. “The pandemic crashed prices into negative territory, and that gives you pause on whether you want to make the investment. The price of oil is starting to go up, and high prices mean more activity for us. We feel pretty good that if the price continues to hover in the $60 range, we’ll probably have a pretty good summer.”