Profile Overview
Quick Facts
- In 2024, Oklahoma was the nation's sixth-largest producer of both marketed natural gas and crude oil. Overall, the state produces almost three times more energy than it consumes.
- In 2024, Oklahoma's 5 crude oil refineries had a combined processing capacity of about 533,000 barrels per calendar day or about 3% of the U.S. total.
- In 2024, Oklahoma ranked third in the nation in electricity generation from wind, which supplied 41% of Oklahoma’s in-state electricity generation. Wind also accounted for 94% of the state’s total renewable generation.
- Cushing, Oklahoma, which holds about 14% of the nation's commercial crude oil storage capacity, is the benchmark price for U.S. crude oil, also known as West Texas Intermediate (WTI).
- In 2024, natural gas generated a record high 50% of Oklahoma's in-state total electricity net generation.
Last Updated: August 21, 2025