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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.

Latest Posts

State Seismologist to WaPo: Oil Industry Has Tried to Influence Earthquake Research

Washington Post reporter Lori Montgomery traveled central Oklahoma and filed a story about Oklahoma’s earthquake swarm, an examination that included interviews from concerned residents, politicians and Sandra Ladra, who was injured in the 5.7-magnitude November 2011 earthquake and filed a lawsuit seeking damages from oil copanies she says are liable. Montgomery also interviewed a cadre [...]

Bills Filed to Stop Local Bans on Oil and Gas Production

Several bills filed for the upcoming 2015 legislate session rein in the power cities and counties have to regulate drilling and oil and gas production. The Oklahoman‘s Paul Monies reports: At least eight bills have been filed that would stop cities and counties from banning drilling operations, including proposals from top leaders in the House [...]

Oklahoma Supreme Court to Decide Lawsuit Over Earthquake Near Prague, Okla.

The state’s highest court will consider whether two oil companies can be held liable for injuries a woman suffered during the 2011 earthquake near Prague, Okla. The 5.7-magnitude earthquake was the state’s largest recorded with modern instruments, and is the largest quake scientists have linked to disposal wells, a type of well oil and gas [...]

Oklahoma Earthquake Rate is High, But Holding Steady

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Oklahoma experienced more earthquakes than California in 2014, but the rate and severity of the shaking “has held relatively flat over the past 12 months,” The Oklahoman’s Adam Wilmoth reports. “It looks like we’re at about the same rate now as we were last year at this point,” Oklahoma Geological Society seismologist Austin Holland said. [...]

Engineering Students at Oklahoma Universities Anxious About Low Oil Prices

The price of crude oil has plummeted below $50 a barrel, and while there are varying opinions and analyses on whether the downturn will be short slump or a long slog, students in Oklahoma who are enrolled in engineering disciplines are starting to worry that low oil prices could affect their future job prospects. Students [...]

Oklahoma AG Scott Pruitt Says ‘Alliance’ With Energy Industry Wasn’t Secret

Oklahoma Attorney General Scott Pruitt shakes hands at the state capitol after the annual State of the State address.

Oklahoma Attorney General Scott Pruitt confirmed Monday that he has worked with the energy industry to push back against the U.S. Environmental Protection Agency and the Obama administration’s regulatory agenda, but denied how The New York Times characterized those efforts, which were detailed in a story published over the weekend. Pruitt’s alliance with energy companies [...]

How Low Oil Prices Could Block an Oklahoma Tax Cut

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Gov. Mary Fallin in April 2014 signed into law a measure designed to gradually lower Oklahoma’s top income tax rate to 4.85 percent from 5.25 percent. But those income tax cuts only go into effect if Oklahoma’s revenues rise, and the slumping price of crude oil — $63.57 per barrel of West Texas Intermediate at [...]

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