Basically, they've ended up overproducing natural gas, overestimated demand and drilled too many wells, and are now drastically scaling back plans they've had on the board for quite some time as far as new wells/facilities. It's gotten to the point they're running out of storage capacity at a rapid rate. This is from an article in the Charlotte Observer a couple weeks ago. This is on a national scale, not just OK.
This might actually present an opportunity, as far as creating jobs.
If there's too little demand and storage capacity for natural gas in it's "natural" form, why not convert it into another form that's more in demand and easier to store - such as "synthetic" liquid diesel/jet fuel/kerosene?
One of the Emirate states in the ME is actually building a large capacity GTL (gas to liquid) plant. They have an abundance of natural gas, and it's far easier and cheaper to store, and transport on a conventional tanker than on a CNG or LNG vessel, if it's been converted to liquid diesel fuel.
And this stuff is very clean burning and high cetane (somewhere around 75 cetane). Daimler actually constructed a test engine a few years back to run on this synthetic diesel - they were able to lower the compression on the engine to 14:1, and it ran so clean they were able to meet 2010 emissions levels without ANY type of emissions controls.
In addition, there was an article in Diesel World magazine from a couple years back. A small company in Nevada had developed an alternative process, low energy input and relatively low temperature, in which they combined a gallon of conventional diesel and a gallon equivalent of natural gas, and produced 1.5 gallons of high grade clean-burning diesel. The process was partly powered by the waste products from the process, which removed most of the pollution-causing ingredients from the conventional diesel. They were still in the early stages, and were confident they could upgrade the process to 1 + 1 = 2 gallons of fuel output.
This might present an opportunity, offer the natural gas companies a new outlet for the overabundance of product they've backed themselves into, and provide jobs in the state - discuss with them an arrangement to set up GTL conversion plants in the state to convert natural gas into readily useable diesel/jet fuel/gasoline. You might even be able to get the Fed's/EPA's blessing and funding if you can demonstrate that this sruff is cleaner than the conventional alternative.
Found a link to the Diesel World article -
http://www.clearrefining.com/DW-1004-FUEL%20final.pdf
And to the company website itself -
Advanced Refining Concepts, LLC is committed to providing clean, domestically produced energy and new U.S. based manufacturing jobs.
Might be a new industry for OK.