Oil Exploration Oklahoma USA
Oklahoma is a significant player in the US oil and gas industry, with a rich history of oil exploration and production dating back to the early 20th century. The state is home to several major oil fields, including the Permian Basin, the Anadarko Basin, and the Ardmore Basin, which are rich in crude oil and natural gas reserves. Oklahoma is also a major producer of natural gas liquids (NGLs), including propane, butane, and ethane. According to the US Energy Information Administration (EIA), Oklahoma was the 4th largest oil-producing state in the US in 2020, with an average daily production of over 600,000 barrels per day. The state's oil and gas industry is a significant contributor to its economy, generating billions of dollars in revenue each year and supporting thousands of jobs.
