OklahomaMinerals.com
OKLAHOMA QUICK FACTS
- Almost three times as much energy is produced in Oklahoma as is consumed there. In 2020, Oklahoma was the fourth-largest producer of crude oil and the fourth-largest producer of marketed natural gas among the states.
- As of January 2020, Oklahoma had 5 operable petroleum refineries with a combined daily processing capacity of almost 523,000 barrels per calendar day, nearly 3% of the total U.S. capacity.
- In 2020, wind supplied 35% of Oklahoma's electricity net generation, and the state ranked third in the nation in total electricity net generation from wind.
- The benchmark price in the domestic spot market for the U.S. crude oil known as West Texas Intermediate (WTI) is set at Cushing, Oklahoma, home to about 15% of the nation’s commercial crude oil storage capacity.
- Oklahoma is the nation’s fourth-largest consumer of natural gas on a per capita basis, and two-fifths of the natural gas consumed in the state is used for electric power generation.
Powered by Oseberg
The data in this dashboard is provided by Oseberg, a next-generation oil & gas information and data analytics company that offers a compelling new approach to rapidly convert public regulatory and county-level data into actionable intelligence. Oseberg aggregates the most inaccessible state, federal, and county records and delivers them to its users through a suite of all-encompassing B2B SaaS products. Oseberg’s technology reduces weeks and months of work to days and hours, empowering users to rapidly uncover leasing, drilling, enhanced completion, and acquisition opportunities.
The Cushing Oklahoma Hub as of Q2 2020, has a working storage capacity of 76 million barrels. While not full, the remaining storage space is reserved for oil companies who are now shipping oil in, and the hub could reach 100% capacity soon, though doubtful.
NATURAL GAS EXPLORATION
