Granite Wash

Oklahoma Governor Signs Bill Clarifying State's Authority to Act on Quakes

In an effort to reinforce the response to seismic activity in the state, Oklahoma Gov. Mary Fallin signed a bill clarifying that state regulators -- specifically, the Oklahoma Corporation Commission (OCC) -- has the authority to declare an emergency in matters pertaining to the oil and natural gas industry, and to take appropriate action when an emergency occurs. Read More

Oil/Gas Rout Makes Its Mark on Texas Economy

Texas oil and natural gas industry employment fell 19.4% last year amid a nearly 66% decline in the price of oil and a 75% reduction in the number of active drilling rigs, according to economists at the Federal Reserve Bank of Dallas. Within the state, though, regions vary in their economic performance. Read More