Oklahoma

Economy, Energy, Natural Resources: Policy to People

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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

The Oklahoma Oil Billionaire Shaping Donald Trump’s Bid to Win on Energy Issues

Donald Trump at a campaign stop at the Oklahoma State Fair in September 2015.

Donald Trump is wooing energy-state voters by promising a presidency that will champion coal, promote drilling and free frackers from federal regulations limiting oil and gas development. If the Republican candidate’s energy platform sounds like it was written specifically for fossil fuel companies, that’s because an Oklahoma oil billionaire helped craft it.

Oil Companies Ask Judge to Toss Federal Earthquake Lawsuit

Oklahoma oil and gas companies are asking a federal judge to dismiss a lawsuit filed by members of an environmental group that seeks to reduce production waste that could be fueling a spike in earthquakes. The lawsuit was filed under the federal Resource Conservation and Recovery Act in February by the Oklahoma chapter of the [...]

Governor Signs Bill to Bank Booming Revenue to Fund State During Oil Busts

Gov. Mary Fallin speaking at the 2013 Governor's Energy Conference in Tulsa, Okla.

Gov. Mary Fallin on Friday signed into law legislation that banks boom-time tax revenues to cushion the state during energy downturns. The Energy Revenues Stabilization Act was created through House Bill 2763, authored by Rep. John Montgomery, R-Lawton. The measure siphons off above-average tax revenues levied on corporations and oil and gas production and saves [...]

Reuters: Insurance Companies Limit Exposure as Oklahoma Earthquakes Soar

Insurance companies moved to limit their exposure as Oklahoma’s earthquake rate exploded, according to an investigation by Reuters. Examining thousands of pages of documents from the Oklahoma Insurance Commission, reporter Luc Cohen found the efforts by nearly a dozen insurance companies “often occurred at the expense of homeowners”: Even as they insured more and more [...]

Inside the Examination of Wind Energy Tax Incentives

A $1.3 billion budget hole and state funding crisis fueled by low crude prices has polarized a debate on the state’s financial support of wind-generated electricity. Wind energy opponents aligned with oil billionaire and Continental Resources founder and CEO Harold Hamm want to kill wind incentives and impose a production tax similar to those levied [...]

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