The shale oil and natural gas sector in Oklahoma is on better footing now that OPEC has agreed to cut its production, the state’s governor said. Oklahoma is one of the most significant producers of crude oil in the United States, accounting for about 4 percent of the nation’s total. It hosts some of the largest deposits of shale oil in the country and the trading hub in Cushing is considered the most significant entity of its kind in North America. Shale states like Oklahoma have faced economic hardships in part because the low price of oil made it expensive to work in the cost-intensive basins in the state. Gov. Mary Fallin said the decision by members of the Organization of Petroleum […]