OklahomaMinerals.com
OKLAHOMA QUICK FACTS
- In 2021, Oklahoma was the nation's fifth-largest producer of marketed natural gas and the sixth-largest producer of crude oil. Overall, the state consumed only one-third of the energy it produced.
- As of January 2021, Oklahoma had 5 operable petroleum refineries with a combined daily processing capacity of almost 522,000 barrels per calendar day. That is nearly 3% of the total U.S. crude oil refining capacity.
- In 2021, wind supplied 41% of Oklahoma's total electricity net generation, surpassing natural gas' share for the first time. Wind accounted for 91% of the state's renewable 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.
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