A Oklahoma is the 3rd largest producer of natural gas, providing 1,643.3 billion cubic feet in 2007.
A Oklahoma is ranked 5th in the amount of natural gas reserves.
A Eight of the 50 greatest energy fields in America are located in Oklahoma.
A Oklahoma oil and natural gas production generates $11 billion in purchases
of goods and services from other Oklahoma firms.
A Each direct job in the oil and natural gas sector supports 3 additional
jobs in the broader state economy – roughly 245,000 additional jobs.
A In 2007, the oil and natural gas industry paid nearly $1 billion
in gross production taxes.
COMPRESSED NATURAL GAS (CNG)
A CNG is created by compressing natural gas to less than 1% of its volume at standard
A It is abundant, domestic, economical, clean-burning and an alternative fuel source for vehicles.
A CNG is non-corrosive, non-toxic and less combustible than traditional fuels.
A CNG produces 25% fewer carbon dioxide emissions than traditional fuels.
A Advances in horizontal drilling and hydraulic fracturing have supported rapid
shale development such as the Woodford in southeast Oklahoma.
A Advanced technology like satellites, global positioning systems, and 3-D and
4-D seismic software make it possible to discover natural gas reserves while drilling
fewer wells, thus lessening the environmental impact at the surface.
A While the cost factor for a horizontal well may be as much as two or three
times that of a vertical well, the production factor can be enhanced
as much as 15 or 20 times.
Learn more about Oklahoma’s energy future at oerb.com/AdvancingEnergy
Oklahoma Natural Gas
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