Oklahoma

Economy, Energy, Natural Resources: Policy to People

Topics

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

Background

Cali2Okie / Flickr

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

Gov. Fallin Taps Emergency Account to Fund Research and Regulation of Oil-Linked Earthquakes

Gov. Mary Fallin and Michael Teague, Secretary of Energy and Environment, talk to reporters at the Governor's Energy Conference in 2014.

The money is going to a pair of agencies tasked with researching the earthquake surge and regulating the oil and gas activities likely causing it.

The multi-agency effort to rein in Oklahoma’s earthquake boom has been hampered for years with incomplete information about faults and formations, and inconsistent data from the operators of disposal wells linked to the shaking.

Oil-Field Tax Break Authored by Senate President Benefits His Employer

An obscure sales tax break authored by Sen. Brian Bingman is “subsidizing an expensive form of enhanced oil recovery for seven companies, including the senator’s employer,” Oklahoma Watch reports. The tax break on electricity used to power old “waterflood” recovery projects was authored in 2005 by now-Senate President Pro Tempore Brian Bingman, R-Sapulpa. The first [...]

After Weeks of Resistance, Oklahoma Oil Company Agrees to Shut Down Wells Near Earthquakes

A SandRidge Energy well in northwestern Oklahoma.

SandRidge Energy has agreed to shutter some disposal wells in earthquake-prone northern Oklahoma in a settlement that avoids legal action by state oil and gas regulators. Financially strapped SandRidge had defied directives from the Oklahoma Corporation Commission to voluntary shut down disposal wells in shaky areas near the towns of Byron, Cherokee and Medford. The [...]

Oilfield Truck Crashes in Oklahoma Kill and Injure Dozens in Recent Years

Thirty-six people in Oklahoma have died in crashes “involving trucks hauling oilfield wastewater and equipment” over the last eight years, The Frontier and News9 report. Data show that 7 percent of all truck companies licensed for oil-field work in Oklahoma have been involved in fatal accidents, including crashes blamed on “bad brakes, trucks thousands of [...]

State Readying Legal Challenge to Oil Company Refusing to Shut Down Wells Near Earthquakes

State oil and gas authorities are finalizing legal action to force a “financially strapped” Oklahoma energy company to abandon disposal wells suspected of contributing to earthquakes. Sandridge Energy has been defying directives from the Oklahoma Corporation Commission to shut down six disposal wells in north-central Oklahoma. Commission staff are finalizing a legal filing that, if [...]

Pennsylvania Attorney General Sues Chesapeake Energy for ‘Deceptive’ Gas Leases

Chesapeake Energy's Oklahoma City headquarters.

Pennsylvania Attorney General Kathleen Kane filed a lawsuit Wednesday against Chesapeake Energy, seeking millions of dollars for landowners who leased land to the Oklahoma City company, our partners at StateImpact Pennsylvania report. From Marie Cusick: The Oklahoma City-based driller is one of the most active in Pennsylvania. It was an early adopter of fracking and [...]

A Popular, But Poorly Understood Oklahoma Rock Layer is Keeping Earthquake Secrets

Jay Storm, left, the completions superintendent for Eagle Energy Exploration, and a service company worker oversee the plug-back of the George No. 1 saltwater disposal well.

Researchers studying Oklahoma’s energy industry-linked earthquake surge and state regulators eager to quell the shaking have circled the wagons around a specific class of wells companies fill with wastewater and other fluid byproducts of oil and gas production. Once it’s injected, these disposal wells transport waste fluid from the surface deep underground, often into the [...]

About StateImpact

StateImpact seeks to inform and engage local communities with broadcast and online news focused on how state government decisions affect your lives.
Learn More »

Economy
Education