News

Posted on May 13, 2013

Posted on May 06, 2013

The Times Daily published a visual glance at key energy terms and technologies in Sunday's paper.

They wrote:

NEW YORK — Here’s a look at some key energy terms and technologies.

Horizontal drilling: Companies used to drill wells straight down into the earth to tap pools of oil and gas that had formed over millions of years. Now they can drill down and then change the angle to follow thin layers of source rock, reaching more oil and gas with each well.

Source rock: Wide, thin layers of sedimentary rock, like frosting in the middle of a layer cake, that are interspersed with oil and gas. In the past, drillers had to look for places where oil and gas had seeped out of this rock and into large pools that were easy to tap. Now drillers can extract oil and gas directly from source rock, opening vast new resources.

Fracking: The colloquial name for hydraulic fracturing. This is the practice of injecting water, sand and chemicals into source rock to crack it and create escape routes for oil and gas. Its increased use has raised concerns that the chemicals used could seep into groundwater, either through faulty wells or if it is not disposed of properly.

Down-hole sensors: Engineers have developed increasingly sophisticated sensors that follow drill bits and measure physical characteristics of the rocks and fluids underground. The information can be sent via fiber optic cable to engineers at the surface.

Remote drilling: Using computers, engineers can direct drill bits from command centers thousands of miles away. This reduces drilling costs.

Walking rigs: In the past, when rigs were finished drilling a well, they had to be disassembled and trucked to the next location, a process that took several days. Now some rigs can “walk” hundreds of feet on hydraulic shoes to the next drilling spot. This reduces drilling costs.

Biofuels: Liquid fuels such as ethanol and biodiesel made from plants. Biofuels made from corn are common. “Advanced biofuels” made from plant waste or algae are more environmentally beneficial, but companies have not been able to produce them at reasonable costs despite big subsidies.

Renewable energy: Energy derived from renewable sources such as wind, solar, geothermal or plant matter. This type of energy is growing fast in the U.S., but it remains a small contributor to the nation’s energy mix. Ten percent of U.S. gasoline demand was met with biofuels and 4.8 percent of the nation’s electricity was generated by wind, solar and geothermal last year.

Clean energy: Energy that pollutes less than coal and oil, the dominant sources of fuel for electricity and transportation. Natural gas is considered by some, including the Obama administration, to be clean because it emits far fewer pollutants than coal or oil. Nuclear power is also considered clean by some, because nuclear plants emit no greenhouse gas or other pollutants into the air. Others consider only renewable energy truly clean.

Posted on May 03, 2013

Taylor Forge, and energy equipment manufacturer, plans to break ground on their new Tulsa facility, which will be located in the Cherokee Industrial Park.  They will employ 100 people.

The Tulsa World reports:

Taylor Forge said its center could open as early as September.

"The Tulsa area is known for heat transfer manufacturing, and that's why we wanted to come there," said Tony Osborn, vice president and general manager of the company's new Tulsa facility. "We are trying to grow our company as a whole, and these two product lines we're adding will accentuate our the product lines we already have."

Taylor Forge makes heat transfer and gas processing equipment for a variety of industries, including pipeline, processing and refining, as well as producing parts for the chemical, power generation, nuclear, aerospace and defense sectors.

Products made at the new plant will support the natural gas processing and petrochemical industries, Osborn said.

Many of the positions at the new plant will be for skilled welders, pipe- fitters and others with experience in manufacturing.

Posted on May 01, 2013

Tulsa is even more on the radar.  Topping the rankings for the Best City for Young Entrepreneurs, Tulsa beat out Tampa, Atlanta, Raleigh, Houston, Seattle, Austin, Omaha, Minneapolis, and Oklahoma City.  Tulsa earned the top spot largely due to the high availability of C&I loans, cost of living, and low unemployment. New York City and San Francisco didn't even make the list.

NerdWallet pulled together a seven-point methodology to determine which cities are best for young entrepreneurs to launch their small business.  Using data from the FDIC, the C2ER Cost of Living Index, the US Census, and the Bureau of Labor Statistics, they looked at loan acitivity, cost of living, business buzz, education, and income to rank cities.

Forbes reports:

If you ask them, it really all comes down to four questions.

The Question: Is There Access to Capital?

The Answer: NerdWallet measures the amount of C&I loans under $250,000 given out over a one-year period.  To be fair, traditional bank loans are a tough sell for early-stage companies, particularly with unproven entrepreneurs. But it is a good measure of business activity

The Question: Can I Afford to Live There?

The Answer: Start-ups need to be able to grow cheaply until they get rolling, so NerdWallet included the cost of living in this analysis.

The Question: Will I Find a Supporting Network?

The Answer: NerdWallet looks to the number of businesses per 100 residents in each metro are to gauge the size of the business community and the accessibility to potential mentors, networks and collaborators.

The Question: Is This Place a Boom or a Bust?

The Answer: NerdWallet measures the state of the local economy through per capita income, unemployment rate and population growth of the city.

But here’s the most interesting part of the story: Silicon Valley, San Francisco and New York City, hubs of most of the entrepreneurial activity in the U.S. these days, are nowhere to be found in NerdWallet’s rankings.

Posted on May 01, 2013

Posted on April 30, 2013


Mayor Bartlett's $711 million budget proposal for the upcoming fiscal year is the largest in Tulsa's history.  The mayor's proposal represents a 1% increase over the current fiscal year's budget.  However, the City of Tulsa general fund expenditures are projected to be 2% less than the current fiscal year at $267.1 million.

The Tulsa World reports:

"“We continue our progress while living within our means, by presenting a budget based on sound, conservative principles of limiting government to core services, creating transparency and encouraging innovation,” Bartlett told the council.

The operating budget under Bartlett’s proposal would grow by $12.6 million over the current year, or 2.1 percent, to $607.7 million. That is due largely to a $10.5 million increase in the water and sewer operating funds, which will be bolstered by utility rate increases.

The capital budget totals $107.4 million, including $86.6 million for projects funded in the 2008 Fix Our Streets initiative. That is $6.1 million less than the current year’s capital budget.

Following Tulsa’s City Charter, the council must adopt a budget before the July 1 start of the fiscal year. Councilors typically tweak the mayor’s proposal before their vote."

 

 

Posted on April 18, 2013


The Senate Energy and Natural Resources Committee voted 21-1 to approve President Obama's nominee, Ernest Moniz, Director of the MIT Energy Institute, as energy secretary clearing the way for a possible Senate vote on his confirmation by the end of the month. The only no vote came from South Carolina Sen. Tim Scott.

Bloomberg reports:

"Moniz served as undersecretary of energy from 1997 to 2001 and has advised the Obama administration on energy issues. From 1995 to 1997 he was associate director for science in the White House Office of Science and Technology Policy.

Issues before the Energy Department include hydraulic fracturing in shale rock, which has driven down costs for natural gas and boosted U.S. manufacturers that use natural gas as a fuel or ingredient for their products. The department is reviewing more than 16 applications from companies that want to export some of the U.S.’s growing natural gas reserves.

Moniz, who joined Cambridge, Massachusetts-based MIT as a physics professor in 1973, is founding director and head of the MIT Energy Initiative, a forum created in 2006 for conducting global energy research largely funded by energy companies.

He was a member of Obama’s Blue Ribbon Commission on America’s Nuclear Future, which issued a report in January 2012 that studied long-term solutions to nuclear waste, excluding the proposed Yucca Mountain site."

 

Posted on April 11, 2013

Mayor Bartlett announced that Bridges of Faith, a program designed to engage Tulsa's at-risk youth with the Tulsa religious community, will return this summer.  Bridges of Faith started last summer and served over 200 children each week in the north Tulsa neighborhoods.  Childern were linked with mentors across the city.  The program opened interfaith dialogue across the city to find ways for Tulsa's 80 congregations to positively impact local youth.

Fox 23 News reports:

"Since last year’s program launch, a steering committee was created and identified areas in which children would be best served by the Bridges of Faith program. Because of the success last summer, Bridges of Faith is expanding the program from north Tulsa to other areas of the city.

This summer, Mayor Bartlett seeks to identify at-risk children in all areas of the city and form organized basketball teams, which will then play in a city-wide tournament at the end of the summer.

Mayor Dewey Bartlett said, “We need to focus on kids across all Tulsa. Together, we can positively affect the future of our youth and the future of Tulsa.”
"We're reaching a fatherless generation," said Pastor Tim Newton with Tulsa Dream Center.

He was once one of those boys but mentoring and guidance changed his life. Newton learned how to shave and budget money from a coach investing time in his life.

"We had young men who would tell me,” he said. “Pastor Tim if I wasn't here I would be out robbing houses, breaking into houses, breaking into cars."

Every kid they reach now will keep them from becoming a statistic in prison.

"It's our calling to reach out to these young men and if we don't know one will," said Newton.

Working with the steering committee and the Tulsa Police Dept., at-risk areas have been identified in all areas of the community and the following organizations are participating and volunteering in the program: Tulsa Dream Center, Spirit Life Church, GUTS, Greater Cornerstone Church, St. Bernard’s of Clairvaux and Living Well Ministries."

Click here to read the full story.

The Mayor's Office is still seeking organizations that have basketball facilities to help host games. Organizations or congregations without a basketball facility may also volunteer as coaches or mentors.  To volunteer or to get involved in the Bridges of Faith program, contact David Autry, 918-576-5527 or dautry@cityoftulsa.org

Posted on March 31, 2013


Russel Evans, director of the Steven C. Agee Economic Research and Policy Institute at Oklahoma City University recently completed a economic impact study that focued on the impact of energy on the Tulsa economy.  The report was commissioned by the City of Tulsa.

Click here to read Tulsa's Energy Industry in 2012:  Industry Definition and Economic Impact.

Rod Walton writes in the Tulsa World:

"Several small E&P firms such as Bright Horizon Resources, started by former Samson employees, and Capstone Natural Resources Partners, led by former Arena Resource Inc. leaders, recently announced their formations. Laredo and Mid-Con Energy Partners also are formerly private companies that went public to attract larger amounts of growth capital in recent years.
 
The OCU report contains a few details that may surprise some industry observers, such as the fact that energy support and manufacturing companies actually employ more people than exploration and production in the seven-county Tulsa Metropolitan Statistical Area.
 
The statistics, culled from multiple federal labor and census sources, show that the support and manufacturing sector directly employs 29,291 workers, while E&P and generation totals 26,732.
 
"Today's energy industry in Tulsa is much less visible to the naked eye than it would have been in previous decades," the OCU report reads. "The opaqueness of the industry notwithstanding, economic models suggest it continues to be the centerpiece of the regional economy."
 
These support firms include construction-focused Matrix Service Co., rig manufacturer Helmerich & Payne, electric submersible pump makers Borets Weatherford, Baker Hughes and Tulsa-based Summit ESP. Of the aforementioned employers, only Helmerich & Payne is based in a downtown high-rise.
 
"While integral to the local economy, these operations often occur in industrial parks, manufacturing centers and office buildings not readily identifiable as key pieces of the energy industry," the OCU report pointed out.
 
Altogether, the energy sectors combine for $5.66 billion in direct annual labor income and $65 billion in total impact including direct, indirect and induced effects. The industry's formula for adding up those impacts has a relatively high multiplier because energy jobs - from geologist to accountant to rig worker and welder - typically maintain a relatively high income level."

 

Posted on March 22, 2013

Tulsa Mayor Dewey Bartlett Jr. is a leader of the community in many ways.  Besides being the chief executive officer of city government and its 3,600 employees, he’s the official head cheerleader for Tulsa economic development. Mayor Bartlett spent 2 ˝ days in February “working the room” at the North American Prospect Expo (NAPE) in Houston. And THAT’s a big room. With more than 20,000 oil and gas executives gathered to buy and sell deals, the NAPE event fills the massive George R. Brown Convention Center to the brim. Mayor Bartlett is a popular figure at NAPE: his Oklahoma oil and gas industry friends know he’s a third-generation oilman, while convention-goers from other parts of the U.S. and all over the world are intrigued to meet a big-city mayor who is totally conversant in “oil patch.” Mayor Bartlett was interviewed about his NAPE experience by Hart Energy News, one of the biggest and best-known energy information companies in the country.

 

 

 
 
 

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