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Cushing has a commissioner-manager form of government. [7] The Cimarron Correctional Facility is located three miles southwest of Cushing. Due to reductions by the Oklahoma Department of Corrections in the number of inmates put in private prisons because of budgetary issues, owner CoreCivic announced closure of the facility in July 2020. [19]
Cushing is the delivery point for West Texas Intermediate, a blend of US light sweet crude oil streams [1] traded on the New York Mercantile Exchange [19]. Cushing's strategic position as a major hub in oil supply led to WTI's development as a significant physical market price reference or benchmark for over three decades.
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.
Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on Houston contracts, eroding the significance of the Cushing, Oklahoma ...
This is intended to be a complete list of the properties and districts on the National Register of Historic Places in Payne County, Oklahoma, United States. The locations of National Register properties and districts for which the latitude and longitude coordinates are included below, may be seen in a map.
The Wheeler No. 1 Oil Well was the first well drilled in the Drumright-Cushing Oil Field of northeast Oklahoma, near Drumright.The success of the well, drilled in 1912 by Thomas Baker Slick, Sr., led to the development of the Cushing field and gave impetus to the early development of Oklahoma oilfields. [2]
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