Governor Fallin joins the chorus of oil and gas supporters who are applauding the oil production cut agreement reached by OPEC.
“The news that OPEC has finally reached an agreement to reduce oil production for the first time since 2008 is welcome here in Oklahoma. Our oil and gas producers and the thousands of Americans they employ have done a great job of persevering during difficult times. Thanks to their hard work, innovations and efficiencies, America is better positioned to compete and win in the world energy market. For our national security and economy, our country must continue on a path to becoming energy independent,” said Fallin.
Currently, the STACK and SCOOP plays in central and western Oklahoma are primed to see an uptick in exploration and production as oil prices begin to reach the $50 a barrel mark.
