Oklahoma, Kansas energy industry struggling

WICHITA, Kan. – Like many states hit by the COVID- 19 pandemic, Kansas has experienced a significant decline in oil and gas production this year. The Kansas Geological Survey reported earlier this month that oil production in July was 12.

Energy industry contraction ‘matured into a bust’

OKLAHOMA CITY – Oklahoma is approaching nearly two consecutive years of decline in its oil and gas industry as indicated by the latest Oklahoma Energy Index.

Energy industry bankruptcies soared in 2019

OKLAHOMA CITY – An oil and/or gas exploration/production company declared bankruptcy every 8-2/3 days last year. Bankruptcies among companies that engage in hydraulic fracturing (“fracking”) accelerated in 2019 to 42 and involved nearly $26 billion in debt, double the $13.