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Stats

INDUSTRY STATISTICS

The oil and natural gas industry is the economic engine of the state – supporting education, providing jobs and boosting our economy. The following statistics provide additional insight on the impact the industry has on Oklahoma.

• One in seven jobs in Oklahoma are directly or indirectly supported by the oil and natural gas industry.

• The average Oklahoma oil and natural gas worker makes more than $133,000 a year.

• Annual operations from Oklahoma's oil and natural gas industry generate $65 billion in goods and services, that's one out of every $3 in gross state product.

• Oklahoma ranks third in the nation in natural gas production.  

• Oklahoma ranks fifth in the nation in crude oil production.

• Oklahoma's oil and natural gas producers paid $325 million to local school districts in 2013, in addition to nearly $150 million to student aid, higher education capital and common education technology funds.

• In 2013, Oklahoma oil production accounted for more than 4% of U.S. onshore production; being surpassed only by Texas, North Dakota, California and Alaska.

• Seven percent of America's natural gas production occurred in Oklahoma in 2014.

• More than a dozen of the 100 largest natural gas fields in America are located in Oklahoma. These massive collations of natural gas reserves have yet to be extracted or produced.

• Oklahoma has five petroleum refineries with a combined capacity of more than 500,000 barrels per day – that's roughly 3 percent of the total U.S. capacity.

• The oil and natural gas producers and royalty owners supporting the OERB have voluntarily contributed almost $100 million to restore more than 15,000 abandoned well sites across Oklahoma. 

• Approximately three-fifths of Oklahoma households use natural gas as their primary energy source for home heating.

• Oklahoma's oil and natural gas producers have given more than $1.75 million in OERB Petroleum Scholarships, supporting hundreds of Oklahoma college students majoring in petroleum-related fields.

 

Statistics taken from:

Oklahoma's Oil and Natural Gas Industry: Economic Impact and Jobs Report, June 2014
U.S. Energy Information Administration