Economic Impact of Drilling in Oklahoma

by May 8, 2017

written by May 8, 2017

The oil industry is important to Oklahoma, but do you know the real economic impact of drilling in green country?

Oklahomans know that the oil industry has a significant impact on our state, but do you know just how big that impact really is?

Check out what one rig operating fully for one year does for our state:

• Supports 681 jobs

• Drives $195.6 million in economic activity

• Spawns $4.2 million in local and state taxes

Impressed? Multiply those numbers by 123 – the number of active horizontal long lateral rigs operating in Oklahoma as you read this.

Thanks to the Oklahoma Oil & Gas Association for commissioning the study to discover the economic impact of drilling in our great state.

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