Oklahoma

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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

Plummeting Oil Prices Have Pushed Oklahoma Into a ‘Mini-Recession’

Workers uncap a well in the western Oklahoma oil field in 2014.

Slumping oil prices have fueled thousands of job losses in big energy states like Oklahoma, which is “gripped by a mini-recession,” economist Mark Snead tells the Journal Record‘s Kirby Lee Davis: “The notion that Oklahoma has diversified away from oil and gas is, at this point, many, many years away,” he said.

Oil Industry-Linked Earthquakes Could Rattle Economy, Credit Agency Says

The U.S. Geological Survey is trying to model the potential hazards of oil and gas-linked earthquakes and how to account for them on national maps, like this preliminary version.

A boom of earthquakes linked to oil and gas production “has and will continue to have sharp economic consequences” in Oklahoma and other states experiencing man-made seismicity, Standard and Poor’s Rating Services analysts write in a recent report. The seismic activity may be a liability for energy companies and the oil and gas industry, and [...]

Why Solar Energy is Growing Slowly in Oklahoma

Mary Fallin meets with a worker at a July 2015 event commemorating Oklahoma Gas & Electric's new solar farm in Oklahoma City.

Oklahoma is synonymous with energy. It’s a major oil and gas state and one of the country’s leaders in wind power. But Oklahoma has been slow on solar energy, and experts say that’s because of state policy — not the sun.

Oil Companies Shut Down Wells Near Earthquake Swarm

A disposal well in northwestern Oklahoma.

After a swarm of earthquakes recorded near the town of Crescent, which peaked with a 4.5-magnitude temblor on Monday, state regulators asked a pair of oil companies to limit activity at three nearby disposal wells. Monday’s quake caused light damage. Multiple people reported feeling it in Arkansas, more than 400 miles away Oklahoma City’s Devon Energy [...]

Stillwater Approves New Oil and Gas Rules, Industry Says They Might Violate New Law

After months of debate, drafting and deferring, the Stillwater City Council on Monday approved a stricter oil and gas ordinance. The council unanimously approved the new rules, which were crafted with the input of residents, the energy industry and Senate Bill 809 — legislation that goes into effect in August preventing municipalities from enacting ordinances [...]

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