Oklahoma is at the epicenter of the global energy industry. Approximately one-quarter of all jobs in Oklahoma are tied to energy, either directly or indirectly. Oil and gas represent a third of the state's economic output and the state has a strong renewable offering in wind.
Oklahoma's long legacy in energy has made it a natural location for energy companies in an industry which is being heavily impacted by technology and rapidly growing and diversifying.
Core components of Oklahoma's energy industry include:
Machinery and Manufacturing
Natural Gas Products
On average nearly $51.7 billion of state production is generated and oil and gas output continues to increase as technology improves the success ratio of extraction efforts;
Governor Mary Fallin has been a leading proponent for the increased use of CNG vehicles. Oklahoma and a number of other states have joined together in a pledge to replace older state fleet vehicles with newer ones that run on compressed natural gas;
Oklahoma has the largest number of CNG filling stations in the U.S.;
Oklahoma based Chesapeake Energy and Devon Energy are fast becoming the largest energy companies in the USA;
Natural gas accounts for more than 80% of the energy produced in Oklahoma;
In 2010, Oklahoma ranked 5th in the U.S. in terms of oil production;
In 2010, Oklahoma ranked 8th in the U.S. in terms of total energy production;
Oklahoma has five petroleum refineries with a combined capacity of more than 500,000 barrels per day, approximately 3 percent of the total U.S. capacity;
In 2010, Oklahoma produced more than 1.8 trillion cubic feet of gas, or more than 8% of U.S. gas supply. The growth in Oklahoma natural gas production from 2000 to 2010 exceeds 13%;
For wind, Oklahoma ranked 5th in the nation for total new capacity installed in 2011, and 8th for existing capacity and best wind resource making the state one of North America's top wind energy producers;
Oklahoma currently has over 1000 wind turbines installed and more than 3,000MW operational and under construction.
Research and development in the energy industry is quickly becoming a core part of Oklahoma's energy proposition. In April 2013, GE announced plans to locate its global oil and gas research center in Oklahoma.
In 2010, Oklahoma produced more than 69 million barrels of oil– a more than 14% increase from 2007. This is the first noticeable increase in production in more than 25 years and it is attributed to innovation and technology;
The University of Tulsa is managing two projects in advancing exploration and production technologies to reduce costs and improve the economics of oil production;
The University of Oklahoma, Norman, is developing and field testing an in situ biosurfactant production technology for enhanced oil recovery;
The Samuel Roberts Noble Foundation, in Ardmore, is the largest private foundation in the country conducting plant science and agriculture research, some of which is focused on biofuels;
SouthWest NanoTechnologies in Norman, an Oklahoma start-up recognized by the National Institute of Standards and Technology as a leader in single-wall nanotube development, is currently commercializing its carbon-nanotube-coated flexible films for photovoltaics.