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Oklahoma   Oklahoma Profile

State Profile and Energy Estimates

Changes to the State Energy Data System (SEDS) Notice: In October 2023, we updated the way we calculate primary energy consumption of electricity generation from noncombustible renewable energy sources (solar, wind, hydroelectric, and geothermal). Visit our Changes to 1960—2022 conversion factor for renewable energy page to learn more.

Profile Overview

Quick Facts

  • In 2023, Oklahoma was the nation's sixth-largest producer of marketed natural gas and producer of crude oil. Overall, the state produces almost three times more energy than it consumes.
  • In 2023, Oklahoma's 5 crude oil refineries had a combined processing capacity of about 547,000 barrels per calendar day, which is about 3% of the U.S. total refining capacity.
  • In 2023, Oklahoma ranked third in the nation in electricity generation from wind, which supplied 42% of Oklahoma’s electricity generation. Wind also accounted for 94% of the state’s total renewable generation.
  • 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, which is home to about 14% of the nation's commercial crude oil storage capacity.
  • Oklahoma has more than 6% of the nation’s total proved natural gas reserves and ranks sixth in the nation, after Texas, Pennsylvania, Alaska, West Virginia, and Louisiana.

Last Updated: July 18, 2024

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