Energy companies fuel Oklahoma
Oklahoma has long been known as an energy state, a position reinforced by the presence of eight energy firms among the state's top 10 public companies.
Oklahoma is an energy state, as evidenced by the glut of such companies atop the ranking of the state's top public companies.Eight of the top 10 companies in this year's Oklahoma Inc. list are energy companies, led by Enid's Continental Resources Inc. That contingent includes coal-fueled stalwarts Alliance Holdings GP LP and Alliance Resource Partners LP, the only two of the state's many energy companies to maintain their top 10 ranking from last year. The other energy firms among this year's elite include two specializing in the hunt for oil and four others heavily involved in the pipeline business. Oklahoma Independent Petroleum Association President Mike Terry said the glut of energy companies on the list shows the importance of the oil and natural gas industry. "With six of the top 10 and 20 of the 36 listed companies coming from the oil and natural gas industry, our state must continue to support and encourage the development and use of Oklahoma resources,” Terry said. "Oil producers, like Continental Resources, and producers with balanced crude oil and natural gas production have fared best in the past year, with the use of improved drilling technology and hydraulic fracturing unlocking vast new resources. The past year was a tough one for contract drilling companies such as Unit Corp.
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