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Oklahoma   Oklahoma Profile

State Profile and Energy Estimates

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Profile Overview

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. 

Last Updated: April 15, 2021

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