Advancing Energy Blog

Community Series: Industry's Impact on Economic Development - 3/6/2014

Oklahoma City is in the middle of a renaissance. Emerging businesses, booming restaurants, a low unemployment rate and a completely renovated downtown have made Oklahoma City residents proud to live here. Over the years, the oil and natural gas industry has played a vital role in the economic development and renaissance of the city. Simply driving...

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Community Series: Industry's Impact on Small Towns - 5/6/2014

Much has been written and said about the economic benefits the oil and natural gas industry brings to Oklahoma, but nowhere is this more evident than in small cities all around the state. In fact, these cities, which were once “small towns”, are now quickly becoming booming hubs for business. In western Oklahoma, Cushing, Alva, Fairview and Woodwar...

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Oklahoma Oilmen Series: Mike Cantrell - 6/2/2014

There are many great things to say about Oklahoma’s oil and natural gas industry and the impact it has on our state, but some of the greatest stories come from the people behind it all, the Oklahoma oilmen who have contributed to the success of the industry. Mike Cantrell is one of the men who has shaped the face of the state’s industry over 54 yea...

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Oklahoma Oilmen Series: Pete Brown - 6/23/2014

Sixty-seven years is a long time to be in any profession and still be going strong. It also provides plenty of insight into what it takes to succeed as an Oklahoma Oilman. It might be surprising to some that highly-respected oilman Pete Brown wasn’t necessarily born and raised in the oilfield. His story began in college at the University of Oklahom...

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Community Series: Industry's Impact on Education - 2/5/2014

While much is said about the oil and natural gas industry’s impact on Oklahoma’s economy, the impact the industry has on education is often overlooked.  Millions of dollars in tax revenue from the industry goes specifically to fund education - an area the industry is proud to support, because by ensuring our kids are getting a quality education, we...

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EIA: Exports are Growing, Natural Gas Production is Set to Double

The oil and natural gas industry’s boom in production is not going to slow down any time soon and that is good news for the economy. The U.S. Energy Information Administration’s (EIA) Annual Energy Outlook 2014 finds the industry will continue to strengthen the economy through 2040. The projections show the oil and natural gas industry...

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Oklahoma No. 1 Worldwide for Oil and Natural Gas Investment

According to the Fraser Institute’s Global Petroleum Survey, Oklahoma ranks No. 1 globally for oil and natural gas investment and production. This is the second year in a row that Oklahoma has topped this list. The survey is based on a variety of governmental and regulatory factors, and is taken by oil and natural gas executives and managers around...

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Oil and Natural Gas Industry: Creating Future Jobs for our Children

Energy Independence means relying less on foreign oil and natural gas imports, and keeping more money at home. But what does Energy Independence mean for future generations in Oklahoma? It means more jobs, economic stability and growth and increased government revenue, both now and in the future. IHS, a global market and economic information compan...

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OERB Reaches 13,000 Well Site Restorations

The Oklahoma Energy Resources Board is marking another milestone in its well site restoration program. Through voluntary contributions from the state’s oil and natural gas industry, the OERB has cleaned its 13,000th abandoned well site. The project is unique because the site is located on public land owned by the Oklahoma Department of Wildli...

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Oil and Natural Gas Industry Leading Oklahoma Toward Better Days

This week, the Oklahoma Energy Resources Board launched a new campaign called “Better Days,” which touts the benefits of energy independence, particularly to young women and mothers. The main message is that the oil and natural gas industry, and ultimately energy independence, will create a better future for their children. Research has...

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2012 a Record-Breaking Year for U.S. Oil and Natural Gas Production

New statistics compiled by the Independent Petroleum Association of America reflect a booming oil and natural gas industry today and also point toward a brighter, more secure future for our nation. The U.S. oil and natural gas industry had a record-breaking year in 2012, with the largest increases for both oil and natural gas production of any coun...

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Oil Boom Credited with Shrinking U.S. Trade Deficit by 22%

Energy Independence has been the goal of every president for 40 years. But until now, it is a goal that has seemed unattainable. “Everyone agrees it’s a good idea. And that’s all it has been until now – an idea,” said Mike Mears, CEO of Magellan Midstream Partners, L.P. “But new technologies, massive new discover...

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Oklahomans are Powering America

Every day, Americans heat or cool their homes, use cell phones, drive cars to work and use hundreds of every day products made of plastic. What many people may not realize, is that all of those activities are made possible in large part thanks to the oil and natural gas industry. Oil and natural gas is used to make thousands of every day items and...

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How are gas prices determined?

With the advent of summer, gas prices have crept up close to $4 a gallon and Oklahomans are feeling the pinch. Many consumers are frustrated with the increase, and are left wondering exactly how prices are determined and if anything can be done to offset the cost. There is a common misconception that one person or entity is responsible for setting...

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The Dream is Now a Reality - 4/19/2013

What if we could add 3.6 million jobs, enough to cut U.S. unemployment by 2 percentage points? According to Citigroup, it's possible. The U.S. or at least North America can achieve energy independence by 2020 as more domestic production continues and that could mean jobs. The U.S. is now the fastest growing producer of oil and natural gas supp...

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