Oklahoma is a significant player in the oil and gas industry, with a well-established presence in the energy sector. The state has rich oil and natural gas reserves, and the industry plays a crucial role in its economy.
The top 10 accounts by well permit record count last 30 days as follows: Mewbourne Oil Company with 9 well permits, Camino Natural Resources, LLC with 7 well permits, Continental Resources with 7 well permits, Mach Resources (BCE-MACH LLC) with 6 well permits, VALIDUS ENERGY II MIDCON LLC with 4 well permits, FREEDOM OPERATING COMPANY LLC with 4 well permits, Foundation Energy Management, L.L.C. with 4 well permits, JONES, L. E. OPERATING, INC with 3 well permits, Devon Energy Corporation with 3 well permits, and JACK OPERATING CO INC with 3 well permits.
Oil & Gas Data Download Center
Oklahoma Well Drilled 2024
Detailed list of wells drilled Q1 2024
Oklahoma Oil & Gas Operators
Detailed list of active Oil & Gas Operators in Oklahoma
Oklahoma Wells Drilled Last 12 Months
Detailed list of wells drilled in Oklahoma Last 12 Months
Oklahoma Rig Count Last 30 Days
Detailed list of drilling rigs active last 30 days in Oklahoma
Oklahoma Well Permits Last 90 Days
Detailed list of new well permits approved last 90 days in Oklahoma
Here are some key points related to the oil and gas industry in Oklahoma
- Production and Reserves:
- Oklahoma is home to several prominent oil and gas reservoirs. The state has diverse geological formations that contribute to both oil and natural gas production. Notably, the SCOOP (South Central Oklahoma Oil Province) and STACK (Sooner Trend, Anadarko Basin, Canadian, and Kingfisher Counties) plays have been important in recent years.
- Historical Significance:
- Oklahoma has a long history in the oil and gas industry, dating back to the early 20th century. The discovery of oil at Spindletop in Texas in 1901 spurred significant exploration and development in Oklahoma, leading to the state’s emergence as a major oil-producing region.
- Economic Impact:
- The oil and gas industry is a crucial component of Oklahoma’s economy. It contributes significantly to state revenue through taxes and royalties and plays a vital role in supporting jobs and economic growth.
- Employment:
- The industry provides employment opportunities for a substantial number of Oklahomans. Jobs are created not only in drilling and extraction but also in related industries such as equipment manufacturing, transportation, and services.
- Regulation and Oversight:
- The Oklahoma Corporation Commission is the primary regulatory authority overseeing oil and gas activities in the state. It regulates various aspects, including drilling permits, environmental compliance, and production.
- Challenges and Concerns:
- Like other oil and gas-producing regions, Oklahoma faces environmental challenges associated with oil and gas extraction, including issues related to water usage, disposal of wastewater, and the potential for induced seismicity linked to injection wells. Balancing industry interests with environmental sustainability is a ongoing concern.
- Renewable Energy Development:
- While oil and gas remain significant, Oklahoma has also seen increasing interest in renewable energy development. The state has substantial wind energy resources, and wind power projects have become a notable part of Oklahoma’s energy portfolio.
- Market Dynamics:
- The state’s oil and gas industry is influenced by global market dynamics, including fluctuations in commodity prices, geopolitical events, and changes in demand. The economic health of the industry is closely tied to these external factors.
- Technological Advancements:
- Technological innovations, such as advancements in horizontal drilling and hydraulic fracturing (fracking), have played a role in unlocking new reserves and increasing production efficiency in Oklahoma.
In summary, Oklahoma plays a significant role in the U.S. oil and gas landscape, with a rich history in the industry. As with other energy-producing states, Oklahoma is also navigating the challenges and opportunities presented by changes in the energy sector, including the growing focus on renewable energy sources.
Additional Account Reports
