Oklahoma

ok  Oklahoma  ok seal

Population: 3.8 Million

Energy Production

·         2,722.8 Trillion Btu total energy production

·         76,681 Thousand barrels of crude oil

·         1,888,870 Million cubic feet of natural gas

·         1,145 Thousand short tons of coal

·         6,241 Thousand MWh electricity produced (January 2012)

Energy Consumption

·         1,595 Trillion Btu total energy consumption

·         98.4 Million barrels of petroleum

o   43.0 Million barrels of gasoline

·         655,936 Million cubic feet of natural gas

·         20,013 Short tons of coal

State Government Profile

Governor: Mary Fallin (R): second term; first elected in 2010; Governor is limited to 2 terms

Legislature:

Speaker of the House:  Jeffrey Hickman (R)

Speaker Pro Tempore: Lee Denney (R)

President Pro Tem: Brian Bingman (R)

Bicameral body: Both chambers are Republican controlled

101 House Members: 72 Republicans, 29 Democrats

48 Senate Members: 40 Republicans, 8 Democrats

 

Energy Issues

Water disposal issues continue to be a major issue with state legislators.  The proliferation of new oil recovery technologies and the resulting impact in terms of new water production, in association with the 64 million barrels of water already disposed of yearly in Oklahoma, creates added pressure on the producer to improve efficiencies in critical path disposal remedies in order to remain efficient, in compliance, and keep operational costs to a minimum. Several pieces of legislation have been introduced to address these problems.  Oklahoma has seen an uptick in earthquake activity which many experts have said may be directly linked to hydraulic fracturing activities. Although no legislation has been produced that would limit fracking activities, it seems highly likely that environmental groups will force state regulators to take a look at fracking procedures and if this process should be limited. The Oklahoma Corporation Commission has established a comprehensive set of regulations covering hydraulic fracturing of oil and gas wells, in addition to well completion operations. The Commission’s environmental protection rules were set up to address various aspects of well completion, and compliance with the rules is assured through inspection, reporting, investigation, and enforcement mechanisms. In fact, the Commission participated in a multi-stakeholder review led by the State Review of Oil and Natural Gas Environmental Regulators (STRONGER) that included representatives from the EPA and environmental community. Further, in response to seismicity concerns, the Commission has focused its oversight efforts on limiting high-volume injection for wastewater disposal wells below the Arbuckle Formation which may have the most potential to trigger seismic events in addition to establishing a set of protocols that establishes new seismic testing, volume reporting of wells in Areas of Interest, well integrity tests, and a “traffic light system” recommended by the National Academy of Sciences to monitor wells. Oklahoma state representatives continue to advocate for the approval of the Keystone XL pipeline which would connect through Oklahoma’s oil hub in Cushing to grow and add much needed jobs in the state.