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Oklahoma is a leading energy producer with an economy increasingly concentrated on the oil and gas industry, economists say.

What Oil and Natural Gas Mean to Big-Energy Oklahoma

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Oklahoma is a leading energy producer with an economy increasingly concentrated on the oil and gas industry, economists say.

Oklahoma is all about oil, natural gas and, increasingly, wind energy.

Roughly one-quarter of all jobs in Oklahoma are tied to the energy industry, either directly or indirectly, says Mickey Hepner, an economist and Dean of the University of Central Oklahoma’s College of Business Administration.

The state has a unique historical stake in the oil industry, but Oklahoma today is as much an energy state as perhaps it’s ever been, Hepner says, and oil and natural gas helped the state survive the recent recession.

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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 [...]

Why State and Federal Agencies Record Different Oklahoma Earthquake Numbers

seismograph

Earthquake magnitude estimations often vary wildly between the Oklahoma Geological Survey and the U.S. Geological Survey. The OGS usually reports smaller earthquakes than its federal counterpart. Since 2010, the OGS reported smaller numbers than the USGS “more than half of the time for earthquakes of magnitude 3.8 and higher,” the Tulsa World’s Ziva Branstetter and [...]

The Science of Oil and Gas-Related Earthquakes is ‘Ready for Application,’ USGS Says

"Coping with earthquakes induced by fluid injection," was published Feb. 20, 2014 in the journal Science.

A new peer-reviewed paper published in the journal Science urges greater partnership between industry, government agencies and researchers in responding to the consequences of earthquakes triggered by oil and gas activity. The paper, authored by the U.S. Geological Survey and other federal scientists, as well as state seismologists, including the Oklahoma Geological Survey’s Austin Holland, [...]

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