“Oklahoma Still an Oil, Gas State”
Filed by KOSU News in State Impact.
December 27, 2012
Despite decade-low natural gas prices last spring, drilling has increased in Oklahoma.
Energy companies filed 3,912 intent-to-drill applications through November, according to Oklahoma Corporation Commission records, already eclipsing last year’s total of 3,732.
Intents to drill peaked in 1981 at 22,685, records show. The lowest recorded figure was 2,317 in 1945.
Oil production has been on the rise in Oklahoma since 2009, after a collapse in gas prices spurred producers to switch their focus.
Read more at: newsok.com
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