I would argue that the lack of severe weather over the last couple of years has more to do with the large scale pattern than it does local drought conditions. Now, that's not to say that the drought hasn't had an impact on the western high plains and TX panhandle. With severe drought firmly in place there, it's relatively easy to have a dryline mix out of the region further east, leaving those clasic regions high and dry from severe weather. The pattern the last year and this year have favored large cold intrusions into the plains during April, essentialy cutting off any potential. Last year at this time, the snow cover extent was abnormally large across the northern plains and midwest. This leads leads to less cold air mass modification as it plummets south, and clears out the Gulf. One has to remember there are several factors that need to come together for a large scale severe weather across the plains, and the drought only has impact on some, but not all of those factors.