Archive for the 'Oklahoma' Category

(CNN) — When Rita Bryer sees 300-foot-tall wind turbines sprouting up from the prairie near her home in western Oklahoma, she can’t help but wonder about the view from the top, where blades the size of semi-trucks spin.

“Out here, you can see the wind turbines from 10 miles away,” she said. “Think about how far you’ll be able to see when you’re at the top.”

So, partly out of curiosity, partly because she wants to be part of something new, the 51-year-old is leaving behind a career of odd jobs and oil-field work.

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by Izabella Kaminska

Here’s a good visual representation of just how much production has been taken out of the oil market in the US, and why with the combined cuts out of Opec, a new supply/demand balance may indeed have finally been reached.

According to Friday’s Baker Hughes report North American drilling rig totals fell for a sixth straight week. Specifically, for the week ended February 27th, the US lost 57 rigs, mostly gas and mostly onshore Texas and Oklahoma. And according to figures from Stephen Schork of the Schork Report rig numbers are now a third below their five-year norm.

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by Mickey Hepner The Edmond Sun

EDMOND — With names like Phillips Petroleum, Continental Oil and Kerr-McGee, it is clear that energy has played a storied role in Oklahoma’s past. With names like Williams Companies, Devon and Chesapeake it is clear that energy remains important to Oklahoma today. But just how important is it?

This week, the University of Central Oklahoma Policy Institute (www.uco.edu/ucopi), a nonpartisan public policy think tank housed at the UCO released a new report (full disclosure: I authored the report) that quantifies the economic impact of this industry. The report notes that the true impact of the oil and natural gas industry extends far beyond the industry itself. In fact every industry in Oklahoma benefits from the presence of the oil and natural gas industry here.

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Oklahoma crude oil prices as of 5 p.m. Thursday:

BY RANDY ELLIS

From algae to oil, Oklahoma is blessed with abundant and diverse resources and research concerning energy.

Making intelligent decisions about how to develop and use those resources is vitally important to the future economic prosperity of Oklahoma and the nation as this country goes through an energy transition, speakers said Wednesday at an energy summit in Midwest City.

As pressure to wean this country from foreign oil has mounted, a lot of national attention has turned to wind as a renewable, nonpolluting alternative.

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by Jamaal E. O’Neal

CARTHAGE — Carthage Economic Development Corp. President Charles Thomas said he’s bullish about gas production in Panola County.

“We’ve seen some rigs pull out, but we’re still bucking the trend, and with the Haynesville Shale, we’re all excited about the area’s future drilling prospects,” Thomas said.

Some oil and gas experts, however, warn that the area could experience a production decline and a rise in unemployment as oil and gas explorers begin to halt drilling projects.

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