oil and gas

Energy

Oklahoma cities, counties navigate uncertainty of new oil and gas law

Oklahoma Watch

Oklahoma’s new law targeting banks who boycott the energy industry is causing uncertainty for counties and cities that aren’t sure if the Oklahoma Energy Discrimination Elimination Act applies to their pension systems, bond sales or bank loans.

Nearly 1,000 orphaned oil and gas wells can be found in the Deep Fork National Wildlife Refuge in eastern Oklahoma.

Science Technology and Environment

Oklahoma awarded $25 million to seal nearly 1,200 abandoned oil and gas wells

OPMX

The U.S. Department of the Interior awarded Oklahoma an initial $25 million to help address legacy pollution caused by orphaned oil and gas wells left abandoned across the state.

Energy

OU researchers aim to repurpose abandoned oil wells for geothermal energy

Beth Wallis

Researchers at the University of Oklahoma were awarded $1.7 million from the U.S. Department of Energy to repurpose abandoned oil and gas wells for providing geothermal energy.

State tax collections from the production of oil and natural gas in December totaled $54.3 million, down $37.1 million from December 2018 and $21.6 million, or 28.4%, less than expected by the state.

Business and Economy

Oklahoma GPT Collections Fall

Gross production tax collections in Oklahoma have been down for four consecutive months, and a steep drop in oil prices could be to blame. Journal Record…

Robert Dauffenbach speaks at a forum on the economy held Wednesday at the Meinders School of Business at Oklahoma City University.

Business and Economy

Oklahoma's Economy Could Slow, Expert Says

The national economy is showing signs of slowing, and Oklahoma's economy could follow. Robert Dauffenbach, director of the Center for Economic and…

Workers from Helmerich & Payne participate in a Devon oil rig tour.

Business and Economy

Oklahoma Oil Rig Count Down 39 From A Year Ago

Oklahoma has 101 oil rigs in operation, which is 39 fewer than this time last year and the lowest the state has had since March 2017. Journal Record…

Teachers Create Renewable Energy Curriculum To Compete With OERB

Caroline Halter

Jane Cronin and Tara Barker are retired middle school science teachers. Over the years they attended the science curriculum workshops put on by the…

The Devon Energy Center in downtown Oklahoma City.

Business and Economy

Devon Energy Plans To Cut 200 Jobs

Journal Record editor Russell Ray discusses Devon Energy's plans to lay off about 200 employees. Most of the job cuts are connected to the sale or spinoff…

Welders work on separation system tanks inside the Filtra-Systems Co. facility in Marietta.

Business and Economy

Chickasaw Nation Investment In Water Treatment System To Bring Additional Jobs To Oklahoma

Richard Bassett

On this week's episode of the Business Intelligence Report, Journal Record editor Russell Ray discusses Chickasaw Nation Industries's recent investment,…

New State Revenue Estimates Are Met With Caution

Caroline Halter

Oklahoma’s Board of Equalization says incoming lawmakers may have roughly $612 million more to spend in fiscal year 2020, which begins in July. That would…