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Oil and Gas Boom

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Oklahoma Agrees to Keep Oil Train Shipments Secret

Surging oil production in states like North Dakota has outpaced pipeline capacity, and the energy industry has turned to railroads to transport oil from fields to refineries. But several high-profile oil-train accidents — including Canada’s explosive Lac-Mégantic 2013 derailment that killed 47, and other accidents in Alberta, Alabama and Virginia — have raised questions about [...]

Oklahoma Legislature Passes Controversial Tax Incentive for New Oil and Gas Wells

The  Oklahoma Legislature on Thursday approved a bill that makes permanent a generous tax incentive for oil and gas production. The votes followed a heated debate at the Capitol, and months of disagreement between lawmakers, industry lobbyists and energy executives, which are divided on the measure. The bill’s approval was decried by opponents, like the [...]

Environmental Groups Ask EPA to Regulate Air Pollution from Oil and Gas Wells

An alliance of national and state environmental groups on Tuesday asked the U.S. Environmental Protection Agency to set air pollution limits on oil and gas wells and production equipment. The petition — prepared by Earthjustice, the Sierra Club and the National Resources Defense Council and signed by more than 60 other groups — asks the [...]

Broadband Internet Providers Struggling to Keep Pace With Rural Oklahoma Oil Boom

The oil and gas boom has meant a lot of business for communities like Elk City and Weatherford, but the technological demands of the modern energy industry is encountering roadblocks in rural Oklahoma. There just isn’t enough high-speed broadband internet in Oklahoma’s oil patch, The Journal Record‘s Sarah Terry-Cobo reports, and telecommunication companies are racing [...]

Why One Oklahoma Oil Executive Doesn’t Think Oil and Gas Tax Cuts Are Needed

Don Millican, the Chief Financial Officer of Kaiser-Francis Oil Company.

The Kaiser-Francis Oil Company has a lot in common with other storied Oklahoma energy empires. The company has by-the-bootstrap entrepreneurial origins, it’s been battered by boom and bust, and it’s helmed by a billionaire CEO who has weathered controversy and been showered with praise. But the Tulsa-based exploration and production company is unique in one [...]

Small and Large Drillers Square Off Over Well-Spacing Rules

A horizontal drilling rig.

Horizontal drilling has revolutionized the energy industry, and helped unlock oil and gas trapped in tight shale formations that had, for decades, eluded petroleum producers. But Oklahoma’s oil and gas rules were established when traditional, vertical drilling was the norm. Balancing the regulatory needs of horizontal drillers and vertical drillers — especially those producing in [...]

Why an Oil Boom is Sometimes Bad for Business

The shale gas drilling boom has been a blessing to energy states like Oklahoma, which has low unemployment and an economy that, thanks in part to oil and gas production, was insulated from the worst effects of the Great Recession. Energy companies are often enviable employers, and drilling has increased labor competition and helped fuel [...]

Oklahoma House Speaker Wants to Make Horizontal Drilling Tax Break Permanent

Oklahoma House Speaker T.W. Shannon will author legislation to make permanent an oil and gas industry tax break for horizontal drilling. The incentive lowers gross production taxes from 7 percent to 1 percent for the first 48 months of production, and was installed in the ’90s to encourage the then-experimental type of drilling. Now days, [...]

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