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The economic and environmental impact of Oklahoma’s energy industry.

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StateImpact on OETA: Oklahoma Oil Hub Overflowing With U.S. Crude

Low oil prices have led the U.S. energy industry to stockpile crude instead of selling it at discount rates. A lot of that hoarding is happening at a major oil hub in Cushing, Okla., which is holding record amounts of crude could fill up — for the first time ever.

Oil Executive’s Meeting With Oklahoma Seismologist: Conversation or Intimidation?

Austin Holland with the Oklahoma Geological Survey, seated in the center, at a capitol hearing on Oklahoma's earthquake surge.

In November 2013, Oklahoma state seismologist Austin Holland was called into a meeting with University of Oklahoma President David Boren and Continental Resources Chairman and oil billionaire Harold Hamm, EnergyWire’s Mike Sorgahan reported earlier this month. Boren serves on Continental’s board of directors, Hamm is a major OU donor, and Holland works at a state [...]

Oklahoma Running Out of Room for Oil as U.S. Hoards Crude in Cushing Hub

A tanker truck pulling into a terminal at the oil hub in Cushing, Okla.

A booming U.S. oil industry has led to near-record amounts of oil production, which has helped drive down oil prices. The energy industry has responded by storing crude instead of selling it at discount rates. That has created a unique situation in Oklahoma, where a major oil storage hub is on track to fill up — completely.

Now Showing: Oil Downturn’s Effect on Oklahoma Employment Numbers

Rig Worker

Oklahoma lost about 500 mining industry jobs between December and January, data from the Oklahoma Employment Securities Commission show. Almost all in-state “mining” jobs are actually in oil and gas drilling, The Journal Record‘s Sarah Terry-Cobo reports. And while the job losses haven’t yet affected the state’s unemployment rate, currently 3.9 percent, oil sector employment [...]

Amended Bill Would Prohibit Cities and Towns from ‘Effectively’ Banning Oil and Gas Activities

Demonstrators outside the Norman City Hall before a city council committee met to discuss changes to oil and gas drilling rules.

A proposed amendment to legislation limiting the power local governments have to regulate oil and gas operations expands the bill’s language to prevent cities and towns from enacting rules “effectively” banning drilling, fracking and related activities. House Bill 2178 was authored by Speaker Jeff Hickman, R-Fairview, who also wrote the amendment. I’ve highlighted the proposed [...]

Study: ‘Reawakened’ Oklahoma Faults Could Produce Larger Earthquakes

Click here to read a .pdf of the study, "Earthquake hypocenters and focal mechanisms in central Oklahoma reveal a complex system of reactivated subsurface strike-slip faulting."

The faults responsible for thousands of earthquakes in Oklahoma are capable of producing larger earthquakes, according to a new study. These “reactivated” faults were formed roughly 300 million years ago and are well known for creating underground structures that “trap” oil and natural gas, the U.S. Geological Survey wrote in a statement about the new [...]

Oklahoma House Unanimously Approves Bill Reducing Wind Industry Subsidies

The Oklahoma House of Representatives on Monday voted 89-0 to approve proposed legislation that would significantly reduce the amount of tax incentives paid to the wind industry. House Bill 1554 was authored by Rep. Earl Sears, R-Bartlesville, who has pledged to curtail tax credits and incentives whose cost has ballooned along with Oklahoma’s booming wind [...]

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