KGOU

oil and gas drilling

Construction at the Oklahoma Capitol is being paid for by bonds sold by the state.
Brent Fuchs / Journal Record

Oklahoma’s budget shortfall and “cautious optimism” from the oil and gas sector were two of the largest themes in business news during 2017.

Speaking on KGOU’s The Business Intelligence Rerport, Journal Record editor Ted Streuli said the state’s budget woes had implications in healthcare, transportation, employment and the state’s image.

Gulfport Energy Corp. offices at 3001 Quail Springs Pkwy. in Oklahoma City.
Brent Fuchs / Journal Record

One Oklahoma City-based driller’s credit line was recently increased, which could be a sign the business is doing well.

A rig hand on a Triad Energy horizontal drilling operation near Alva, Okla. Company CEO Mike McDonald says he likely wouldn't have drilled the well with out a tax break Oklahoma's House Speaker has proposed making permanent.
Joe Wertz / StateImpact Oklahoma

Energy industry experts say Oklahoma’s oil and gas plays could soon become the hottest in the country due to several geological factors that make it a good place for commodities.

Tammy Mix's sons play on the sidewalk as a drilling rig peeks above the tree line behind her Stillwater home.
Joe Wertz / StateImpact Oklahoma

After months of debate, drafting and deferring, the Stillwater City Council on Monday approved a stricter oil and gas ordinance.

The council unanimously approved the new rules, which were crafted with the input of residents, the energy industry and Senate Bill 809 — legislation that goes into effect in August preventing municipalities from enacting ordinances that ban fracking and other oil and gas activities, The Oklahoman‘s Adam Wilmoth reports:

Crews at work on a Helmerich & Payne drilling rig in western Oklahoma.
Joe Wertz / StateImpact Oklahoma

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 11 this week to 894.

Houston-based Baker Hughes said Friday that 668 rigs were seeking oil and 221 explored for natural gas. Five were listed as miscellaneous. A year ago, with oil prices nearly double the current price, 1,855 rigs were active.

Among major oil- and gas-producing states, Oklahoma lost six rigs, Louisiana was down three, New Mexico declined by two and Arkansas, California, Kansas, Ohio, Texas, Utah and West Virginia were off one each.

Kate Carlton Greer / KGOU

The Oklahoma House's top Democrat says his caucus was disappointed by passage of a Republican-backed bill that prohibits cities and towns from regulating oil and natural gas drilling operations.

House Democrat Leader Scott Inman of Del City said Thursday that members of the House minority caucus believe local communities and their leaders should have authority to regulate the drilling operations in their areas.

A drilling rig in far northwest Oklahoma City.
Kool Cats Photography / Flickr Creative Commons

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 40 this week to 988 amid depressed oil prices. It was the first time the weekly count was below 1,000 since September 2009.

Houston-based Baker Hughes said Friday 760 rigs were seeking oil and 225 explored for natural gas. Three were listed as miscellaneous. A year ago, 1,831 rigs were active.

Meredithw / Flickr Creative Commons

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 20 this week to 1,028 amid slumping oil prices.

Houston-based Baker Hughes said Thursday 802 rigs were seeking oil and 222 exploring for natural gas. Four were listed as miscellaneous. A year ago, 1,818 rigs were active.

Among major oil- and gas-producing states, Texas and North Dakota each dropped six rigs, Louisiana was off five and Oklahoma four. Arkansas, Kansas, Ohio and Pennsylvania declined one apiece.

Meredithw / Flickr Creative Commons

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. tumbled by 56 this week to 1,069 amid slumping oil prices.

Houston-based Baker Hughes said Friday 825 rigs were seeking oil and 242 exploring for natural gas. Two were listed as miscellaneous. A year ago, 1,803 rigs were active.

Among major oil- and gas-producing states, Texas lost 36 rigs and Louisiana 18. New Mexico declined by five, North Dakota and Ohio each dropped three and Arkansas and Kansas lost two apiece.

Kool Cats Photography / Flickr Creative Commons

Osage County oil producers have expressed their frustration with an environmental survey that has brought well drilling to a standstill.

The Tulsa World reports that producers voiced their opinions at a meeting Monday that was held by the U.S Bureau of Indian Affairs. Oil drillers blame the bureau and its environmental policies for crippling the industry in the area.

Crews at work on a Helmerich & Payne drilling rig in western Oklahoma.
Joe Wertz / StateImpact Oklahoma

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell by 43 this week to 1,267 amid depressed oil prices.

The Houston-based company said Friday in its weekly report that 86 rigs were exploring for oil and 280 for gas. One was listed as miscellaneous. A year ago 1,769 rigs were active.

Of the major oil- and gas-producing states, North Dakota's count fell by 11, Oklahoma lost nine, Louisiana seven, Texas six, New Mexico four, Colorado three and Wyoming two. West Virginia, Ohio and Kansas dropped one each.

Kool Cats Photography / Flickr Creative Commons

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. plunged by 98 this week to 1,358 amid depressed oil prices.

The Houston firm said Friday in its weekly report that 1,056 rigs were exploring for oil and 300 for gas. Two were listed as miscellaneous. A year ago 1,764 rigs were active.

Crews at work on a Helmerich & Payne drilling rig in western Oklahoma.
Joe Wertz / StateImpact Oklahoma

Oil drilling rig maker and operator Helmerich & Payne Inc. has announced plans to lay off 2,000 employees.

The Tulsa World reports that in a conference call with analysts Thursday, CEO John Lindsay said that the layoffs are due to the decrease in crude oil prices which has led to reduced rig use.

Continental Resources CEO Harold Hamm
Provided / Continental Resources

An Oklahoma City-based oil and natural gas producer is slashing its 2015 drilling budget by more than 40 percent as crude oil prices continue to tumble.

The Oklahoman reports that Continental Resources Inc. took the action on Monday but said it still plans to increase production 16 percent to 20 percent from 2014 levels.

Continental CEO Harold Hamm says no job losses are expected. Hamm says the company won't be growing as fast as it had originally planned but will still increase production.

Demonstrators outside the Norman City Hall before a city council committee met to discuss changes to oil and gas drilling rules.
Logan Layden / StateImpact Oklahoma

About 60 demonstrators gathered in front of the Norman City Hall Wednesday evening before the city council’s oversight committee met to discuss changes to the Norman’s oil and gas drilling regulations.

The Central Oklahoma Clean Water Coalition hosted the rally. Organizer Casey Holcolm says the current ordinances were written before fracking became so widespread.