oil and gasoline

Hundreds of independent oil and gas explorers and producers are in Wichita this week for their annual convention.

This year marks the 80th annual meeting of the Kansas Independent Oil and Gas Association. The group, which formed in 1937, says independent producers are responsible for 93 percent of oil and 63 percent of natural gas produced in Kansas.

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The oil and gas industry in Colorado over the past four years has put millions of dollars into campaigns for politicians and for public relations.

As The Denver Post reports, the oil and gas industry has poured more than $80 million into Colorado to shape public opinion and influence campaigns and ballot initiatives, creating a political force that has had broad implications throughout the state.

Oil prices dropped five percent last week after OPEC and non-OPEC producers agreed to cut oil supplies at a level less than investors were expecting.

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Despite pushback from several people who testified in favor of a bill that would prevent oil and gas producers from drilling wells within 1,000 feet of school property lines and extend setbacks for oil and gas activity was struck down last week by the Colorado Senate.

As the Denver Post reports, Senators on Wednesday voted 5-6 against House Bill 1256.

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As Colorado’s oil and gas industry begins to recover from one of the hardest downturns in recent memory, some communities have launched fights against proposed projects that they say are larger in scale.

As Colorado Public Radio reports, residents of Garfield County and the cities of Greeley and Broomfield have launched fights against proposed projects.

Pipeline in West Texas draws a protest of its own

Dec 13, 2016
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There’s another pipeline protest and this one is not in North Dakota. It’s in Texas.

Joe Wertz / StateImpact Oklahoma

Scientists say oil and gas activity is probably responsible for the surge in earthquake activity in Oklahoma.  They call the phenomenon “induced seismicity.”  But, researchers are puzzled.  Oil and gas production is nothing new in the Sooner State, and why is there an increase in quakes in Oklahoma, or for that matter Texas, Colorado, and Kansas when it doesn’t seem to be happening in other major players like North Dakota?

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The Oklahoma Legislature passed a bill making tax incentives for oil and gas production permanent.

Governor Mary Fallin is expected to sign the controversial legislation, despite threats of a constitutional challenge posed by an Oklahoma City attorney.

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Energy production tax breaks will cost Oklahoma $307 million in 2014, and $304 million in 2015.  This year state leaders expect $170 million budget shortfall.  In other words, the expected budget shortfall is about half what the state gives away in tax breaks to oil and gas companies reported Matt Trotter for Public Radio Tulsa.  

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It doesn’t make sense, does it?  Domestic oil and gas production is booming, and yet prices are still pretty high.  Dr. Tec Patzek, Chairman of the Department of Petroleum and Geosystems Engineering at the University of Texas at Austin, said there are many reasons in an article by State Impact Texas.   

Hydraulic fracturing and horizontal drilling allows drillers to retrieve oil and gas from places that were previously inaccessible. There are comparisons likening current conditions to the days of wildcatters. In the midst of drought, oil is once again having significant economic impact in Colorado, Kansas, Oklahoma and Texas, but it's not a risk-free. A Texas man's legal battle with an oil producer brings another issue to light... abandoned oil wells. Who will clean up the mess after the party is over?