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Cushing experiences economic growth

While much of the country has suffered through recession, Cushing has experienced a renewed growth, fueled by the crude oil production and storage.
by Adam Wilmoth Published: March 23, 2012
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Much has changed in Cushing over the past five years.

I last visited the Pipeline Capitol of the World in April 2007. At that time, oil prices were climbing and there was great talk about the city growing for the first time in decades.

Still, many of the businesses remained empty along State Highway 33, which runs through the center of town. Business and community leaders were excited about the possibility of continued growth, but Cushing was still early in its recovery.

When I returned to The Oklahoman earlier this month, my editor and I discussed revisiting Cushing. I wanted to see how much growth the community had experienced. I wanted to see whether the town had benefitted from five years of soaring crude oil prices and a rapid return to domestic crude oil drilling throughout the middle part of the country.

It has.

Mightily.

And the growth has happened while the rest of the country has been suffering through economic recession.

In the years since my last visit, crude oil storage tank construction has been nonstop throughout Cushing.

The large metal drums — each containing between 75,000 and 600,000 barrels of oil — dot the prairie surrounding Cushing in all directions, with more than 100 more tanks under construction or still planned.

The town best known for its pipelines since the 1920s is now one of the richest communities in the country, if you count the billions of dollars worth of crude oil the large black and white containers hold.

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by Adam Wilmoth
Energy Editor
Adam Wilmoth returned to The Oklahoman as energy editor in 2012 after working for four years in public relations. He previously spent seven years as a business reporter at The Oklahoman, including five years covering the state's energy sector....
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Coming soon

Watch for Adam Wilmoth's report on Cushing from observations this week in Sunday's edition of The Oklahoman.

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