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Graph of weekly Cushing Stocks excluding SPR of Crude Oil from 2004 to 2018. The city of Cushing in Oklahoma is a central hub within the United States and worldwide oil industry. It connects major pipelines within the United States and is the location where the oil futures contracts end up being delivered.
A 1912 oil boom led to the city's development as a refining center, [7] with over 50 refineries operating in Cushing over its history. [8] Today, Cushing is a major trading hub for crude oil and a price settlement point for West Texas Intermediate on the New York Mercantile Exchange [9] and is known as the "Pipeline Crossroads of the World."
Seeking to capitalize on the pipeline's location to gather raw natural gas in Oklahoma and Texas for transport to the company's refinery complex at Sweeny, Texas, and other refineries near Houston, Phillips converted the system to ship natural gas south instead of shipping crude oil north. Phillips called that arrangement the "Seagas Pipeline". [2]
News 9 Now and News on 6 Now are American regional digital broadcast television networks that are owned by Griffin Media.The channels simulcast and rebroadcast local news programming seen on Griffin-owned CBS affiliates KWTV-DT (channel 9) in Oklahoma City and KOTV-DT (channel 6) in Tulsa, Oklahoma in their respective markets, along with select other programs.
William G. Skelly, founder of Skelly Oil, founded KVOO-TV. The VHF channel 2 allocation was contested between two groups, both led by prominent Oklahoma oilmen, that competed for approval by the Federal Communications Commission (FCC) to be the holder of the construction permit to build and license to operate a new television station on the third commercial VHF allocation to be assigned to Tulsa.
It was the first well in the Cushing field to produce 1 million barrels of oil and established the Oklahoma record for production from a single well. The well was capped in the mid-1960s. The site includes concrete foundations, the capped well casing, and a sign. In 1980, eight neighboring wells continued to produce oil. [2]
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The Cushing Oil Field, also known as the Cushing-Drumright Oil Field, is an oil field in northeastern Oklahoma, part of the Mid-Continent oil province. The 10-mile (16 km) by 3-mile (4.8 km) field includes southeastern Payne County , northwestern Creek County , and northeastern Lincoln County .