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The Oklahoma Corporation Commission is the public utilities commission of the U.S state of Oklahoma run by three statewide elected commissioners. Authorized to employ more than 400 employees, it regulates oil and gas drilling, utilities and telephone companies. To visit Oklahoma Corporation Commission click here.
The commission was established in 1907 and the First Oklahoma Legislature gave the commission authority to regulate public service corporations.
Railroad, telephone and telegraph companies were the companies first regulated by the commission, which also collected records of the stockholders, officers and directors of corporations chartered or licensed to do business in Oklahoma. Record collection duties were later split; the commission keeping records only for public service companies. The commission added pipelines, water, heat, light and power in early years.
The commission began regulating oil and gas in 1914 and was given additional regulatory power over the industry the following year. 
The recent virus that had its epicenter in China known as coronavirus has been blamed for the drop in oil prices internally and internationally. China being one of the worlds biggest consumers of oil has practically come to a standstill thus the demand for oil has taken a dive. This dive in oil demand has been the cause of lower oil prices. To read more about this story click here.