OK doubles oil and gas industry rig count in a year - KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo -

OK doubles oil and gas industry rig count in a year

OKLAHOMA CITY, OK (KOCO)- Data shows the oil and gas industry rig count is now double what it was this time last year in Oklahoma. In April, there was an average of 125 active weekly rigs. A year ago, there were 62 active rigs.

“I think in Oklahoma, a lot of it is our structure,” said Tim Wigley, president of the Oklahoma Independent Petroleum Association.

The low gross production tax of 2 percent for new wells has helped recruit more companies to Oklahoma.

“There’s 40 new startups in Tulsa,” Wigley said now that longer lateral drilling will be allowed anywhere in Oklahoma, the industry can expect to see an increase in rigs and oil jobs in the coming year. “That’s going to attract more investment, create more jobs and more wealth for the state, so we’re excited.”

Economists said that once the long lateral legislation is fully implemented, Oklahoma will see 6,000 more energy jobs.

Information provided by KOCO. 

  • Local NewsNewsMore>>

  • Trump urges House GOP to move quickly on budget, tax cuts

    Trump urges House GOP to move quickly on budget, tax cuts

    Sunday, October 22 2017 11:33 AM EDT2017-10-22 15:33:35 GMT
    Sunday, October 22 2017 10:35 PM EDT2017-10-23 02:35:16 GMT

    Senate Majority Leader Mitch McConnell says that he's willing to bring bipartisan health care legislation to the floor if the president makes clear he supports it.

    Senate Majority Leader Mitch McConnell says that he's willing to bring bipartisan health care legislation to the floor if the president makes clear he supports it.

  • Dramatic sentencing hearing expected in Bergdahl case

    Dramatic sentencing hearing expected in Bergdahl case

    Sunday, October 22 2017 11:23 AM EDT2017-10-22 15:23:28 GMT
    Sunday, October 22 2017 10:34 PM EDT2017-10-23 02:34:31 GMT

    Army Sgt. Bowe Bergdahl will appear Monday before the judge deciding his punishment for endangering comrades by walking off his post in Afghanistan in 2009.

    Army Sgt. Bowe Bergdahl will appear Monday before the judge deciding his punishment for endangering comrades by walking off his post in Afghanistan in 2009.

  • Hot World Series on deck: Altuve, Astros vs Kershaw, Dodgers

    Hot World Series on deck: Altuve, Astros vs Kershaw, Dodgers

    Saturday, October 21 2017 11:43 PM EDT2017-10-22 03:43:14 GMT
    Sunday, October 22 2017 10:14 PM EDT2017-10-23 02:14:30 GMT

    The Houston Astros, fresh off a Game 7 victory over the Yankees, take on the Los Angeles Dodgers in what figures to be a hot World Series featuring big-time aces Clayton Kershaw and Justin Verlander plus playoff...

    The Houston Astros, fresh off a Game 7 victory over the Yankees, take on the Los Angeles Dodgers in what figures to be a hot World Series featuring big-time aces Clayton Kershaw and Justin Verlander plus playoff boppers Jose Altuve and Justin Turner.

Powered by Frankly