May 27, 2020

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Gas Prices and the Kansas Oil and Gas Industry

May 21, 2020 |

Recently many people have been wondering why gas prices didn’t collapse when crude oil prices did. I think many of your listeners would be interested in the answer to that question.

I am Warren Martin, Executive Director of Kansas Strong, representing oil and natural gas producers throughout Kansas. O&NG has historically been the 2nd leading industry in Kansas. We historically have provided over 118,000 jobs, $3 billion in annual family income and $1.4 billion in state and local taxes. I’m currently working on an Op-Ed that will be released early next week about why gas prices didn’t plummet more than they did when crude oil prices were -$40/bbl.

I wanted to introduce myself and make myself available as an on-air or off-air contact to provide the information as to why that was the case. Also, as a contact for information about the Kansas O&NG industry.

I recently had an Op-Ed published by the WBJ and several other state papers on the industry as a whole during this downturn. You can access that article here: https://www.bizjournals.com/wichita/news/2020/05/18/guest-column-kansas-oil-is-down-but-far-from-out.html

Just wanted to introduce myself, and make myself available as a contact should you be looking for information related to the oil and natural gas industry here in Kansas.

Keep up the good work! Very much enjoy listening to your program.

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