If there’s one thing we have all come to understand it is the fact that COVID-19 and its world-wide pandemic have changed not only our personal lives, but the economies of the nations of the world. Of the states. Counties and cities.
A simple review of the announcements from the U.S. Energy Information Administration that focused on Oklahoma’s oil and gas industry in the past several years gives pause to what has happened.
Take a look at some of the headlines from the EIA that concerned Oklahoma’s fossil fuel industry and notice the dates of the announcement.
The state no longer concerns itself with the daily shaking caused by earthquakes and disposal wells. Oh, there might be an occasional tremor but the topic of earthquakes in Oklahoma’s oil patch certainly is no longer the headline-busting story it once was.
Oil and gas drilling activity in Oklahoma plunged to dramatic lows, just like it has in every other major-production state, i.e. Texas, New Mexico, Kansas, Colorado, and North Dakota. Where the state once listed more than 100 rigs drilling for new sources of oil and gas, it now is lucky to have 10 active rigs.
Crude oil and natural gas production in Texas and Oklahoma’s Anadarko Region is growing
August 28, 2017
EIA’s Drilling Productivity Report initiates coverage of the Anadarko Basin
August 16, 2017
EIA’s Drilling Productivity Report adds Anadarko region, aggregates Marcellus and Utica
August 15, 2017
Earthquake trends in Oklahoma and other states likely related to wastewater injection
June 22, 2017
New pipeline infrastructure should accommodate expected rise in Permian oil production
May 9, 2017
EIA now provides estimates of drilled but uncompleted wells in major production regions
September 14, 2016
New EIA data revise Oklahoma’s oil production up by 100,000 barrels per day
February 12, 2016
State severance tax revenues decline as fossil fuel prices drop
January 12, 2016
Cushing, but not storage capacity utilization rate, at record level
March 23, 2015
Crude oil storage at Cushing, but not storage capacity utilization rate, at record level
March 23, 2015