Energy Tomorrow Blog
Lessons from Oklahoma's Government Intervention in Natural Gas Markets
oklahoma natural gas production revenues
Dean Foreman
Posted February 3, 2021
This past year saw Oklahoma officials pursue a unique experiment – reducing how much natural gas production would be permitted from a well, called “natural gas production prorationing.”
This may be about to change. The intervention has been costly for the state and suggests that governments should exercise more caution when considering actions that could affect markets.
Regulations to prevent wasting resources have been on the books for decades, and Texas has something similar. However, through its Corporation Commission, Oklahoma was the only state that imposed more stringent natural gas production limits last year. The state also increased its efforts to enforce those rules in response to market conditions associated with the COVID-19 recession – that is, strong supply, weak demand and low prices for natural gas.
It’s looking like a mistake.
A Model for Environmental Collaboration and Progress
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Mark Green
Posted May 10, 2019
A big shout-out to The Environmental Partnership, which in just over a year has more than doubled in size and whose members account for a sizeable portion of U.S. natural gas production. No less significant is what the Partnership is doing to achieve environmental and climate progress.
Indeed, a key to the progress the Partnership has made is its model of substantive, almost unprecedented information sharing and collaboration on technologies and techniques to reduce methane emissions. It’s a model that could be applied to meet other challenges in the future. …
While some opponents of natural gas and oil dismiss the idea that a voluntary, industry-led partnership can lead to important environmental results, the collaborative dynamic that was on display at a recent Partnership workshop in Oklahoma City argues otherwise.
Energizing Oklahoma
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Mark Green
Posted August 29, 2016
Energizing Oklahoma
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Reid Porter
Posted August 20, 2015
Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Oklahoma. We started the series with Virginia on June 29 and reviewed Hawaii, Idaho and Vermont this week. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.
As we can see with Oklahoma, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.
American Energy and the World Marketplace
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Mark Green
Posted June 1, 2015
Pittsburgh Post-Gazette op-ed (Eberhart): ... Since 2000, global LNG demand has grown an estimated 7.6 percent per year. And that rate is expected to increase: Ernst & Young predicts that by 2030 global demand will reach 500 million metric tons, doubling 2012 levels.
At the same time, because of the surge of natural gas from American shale, the United States is awash in the stuff, with domestic natural gas production increasing 41 percent in the past decade alone.
Ten years ago we were an LNG importer. Today we’re the world’s largest natural gas producer.
And with the amount of technically recoverable natural gas in the United States 100 times greater than our current consumption, we have a boon to the economy that is expected to contribute up to 665,000 net jobs and $115 billion to GDP by 2035. We are expected to have enough gas to meet our own needs while also helping to satisfy staggering demand in places like Japan, Korea, India, China and Taiwan.
Clearly, this is an opportunity we don’t want to miss. But a protracted, redundant and expensive approval process could put it just out of reach.
States Setting the Bar for Oil and Natural Gas Development
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Mary Schaper
Posted July 25, 2014
The Southern: In three years of working in the fracking fields of North Dakota, Rick Tippett has witnessed two accidents, he said.
Tippett, 61, of Creal Springs, said he never feels he puts his safety at risk when on a horizontal fracking site. Tippett works six weeks straight and returns to his Southern Illinois home during his 10-day breaks.
Between two weeks of orientation focused solely on safety, provided by a multitude of gas companies and regulators; yearly safety training and company-provided protective gear, Tippett said safety is “the No. 1 priority” on a job site.
Tippett spoke with The Southern Illinoisan after statements from Southern Illinoisans Against Fracturing Our Environment issued Wednesday that fracking is unsafe for workers. The SAFE comments came a day after fracking proponents urged faster movement on drafting rules to regulate horizontal fracking.
Accidents he has seen involved one friend who hurt his hand from a fallen pipe and another who was uninjured when water used for fracking splashed on him.
In the second incident, emergency crews responded and washed the man down as a precaution, Tippett said.
“They will stop all work if anything happens,” he said of companies operating the fracking sites.
The Promise of American Energy, Today and Tomorrow
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Mary Schaper
Posted March 31, 2014
Over the past few years, the U.S. has witnessed a dramatic turnaround in its energy situation. Thanks largely to a combination of horizontal drilling and hydraulic fracturing, or "fracking," energy producers have been able to tap vast oil and gas deposits buried in deep shale formations. As a result, domestic oil and gas production has surged to multi-decade highs.
This energy boom has yielded tremendous and widespread economic benefits to the United States. A statement from the White House Council of Economic Advisors last year summed it up nicely: "Every barrel of oil or cubic foot of gas that we produce at home instead of importing abroad means more jobs, faster growth, and a lower trade deficit." Let's take a closer look at some of the main ways the energy boom has helped the nation's economy.
Good News Friday: Refinery Expansion, Job Impact and a Brainstorm
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Mark Green
Posted June 24, 2011
Energy Tomorrow Radio: Episode - 120 Benefits of the Keystone Pipeline
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Jane Van Ryan
Posted October 26, 2010
Gallup Poll: Energy-Producing States = Best Job Creators
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Jane Van Ryan
Posted July 26, 2010