ENERGIZING AN ECONOMYUpdated May 2012A new set of economic statistics proves once again Oklahoma's oil and natural gas industry provides financial security to the state. The data was compiled by the Steve Agee Economic Research and Policy Institute at Oklahoma City University.
The study evaluated the structure of the oil and natural gas industry and the state's economic makeup in 2011.
According to the analysis, "The oil and natural gas industry continues to be Oklahoma's defining industry."
Since 2009, Oklahoma's oil and natural gas industry has added nearly 12,000 jobs. Numbers show 83,052 Oklahoma workers are now directly employed by the oil and natural gas industry and 344, 503 jobs in the state are indirectly supported by the industry's activity.
That activity pumps nearly $1 billion in direct gross production tax payments for our state and $52 billion in gross state product. That's one out of every $3!
Click here to view the full study: Oklahoma's Oil and Natural Gas Industry: Economic Impact and Jobs Report, May 2012.
Past report: Oklahoma's Oil and Natural Gas Industry: Economic Impact and Jobs Report, June 2011.