In The Know is a daily synopsis of Oklahoma policy-related news and blogs. Inclusion of a story does not necessarily mean endorsement by the Oklahoma Policy Institute. You can sign up here to receive In The Know by e-mail.
Today In The News
More than 635 Oklahoma disposal wells directed to reduce depths, volumes: As the top oil producer in the water-heavy Mississippi Lime formation in northern Oklahoma, it’s probably no surprise that SandRidge Energy Inc. leads the list of companies for saltwater disposal well volumes into the Arbuckle. Oklahoma oil and natural gas producers have long targeted the deep Arbuckle layer as a favored location for getting rid of the briny “fossil water” that comes up with oil and gas. But as the state deals with a huge increase in earthquakes, regulators are focusing on the links scientists have made between the amount of wastewater disposal into the Arbuckle and man-made earthquakes [The Oklahoman].
After Two 4.7 Quakes, Many Oklahomans Don’t Know if Their Insurance Covers Them: After a 4.7 magnitude earthquake hit northern Oklahoma early this morning — the second in less than two weeks — many Oklahomans with earthquake insurance are still waiting to see if they’re covered. Insurers have a few days left to let consumers know whether their policies include earthquakes caused by oil and gas operations. Insurance Commissioner John Doak asked insurers in October to clarify because most of Oklahoma’s earthquakes are tied to wastewater injection [KWGS].
Would budget-only sessions create more problems than they solve? No one who observes or participates in developing Oklahoma’s budget is happy with how things work. Each year, the Legislature approves billions in appropriations to over 65 state agencies with minimal input or oversight. One major budget reform idea that is gaining growing support is for a constitutional amendment to provide for biannual budget-only sessions [OK Policy].
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