Share “Oklahoma Inc: Energy industry continues to...”

Oklahoma Inc: Energy industry continues to lead Oklahoma

Energy firms continue to occupy most slots on the list of Oklahoma's top public companies.
by Jay F. Marks Published: November 3, 2013
Advertisement

This year's list of Oklahoma's top public companies leaves no doubt this is an energy state.

Eight of the top 10, and 15 of the top 20, are energy companies, led by Tulsa-based midstream company NGL Energy Partners LP.

Those figures didn't surprise Oklahoma Independent Petroleum Association spokesman Cody Bannister

“Oil and natural gas is our definitive industry,” he said.

The bulk of the Oklahoma's leading companies this year are midstream or service companies, a phenomenon Bannister attributes to the country's renewed emphasis on oil and gas production.

He said producers need new pipeline and other infrastructure to transport oil out of areas like North Dakota's Bakken Shale.

“All that comes through Oklahoma,” he said.

Bannister also noted the continued growth of Cushing's oil storage hub as the ongoing oil boom continues.

“We've essentially hit the reset button on oil and natural gas in Oklahoma,” he said. “That's a great thing.”

Economist Russell Evans said energy companies are dealing with a new operating paradigm based on the realization that natural gas prices are unlikely to reach $10 per thousand cubic feet again.

Continue reading this story on the...

by Jay F. Marks
Energy Reporter
Jay F. Marks has been covering Oklahoma news since graduating from Oklahoma State University in 1996. He worked in Sulphur and Enid before joining The Oklahoman in 2005. Marks has been covering the energy industry since 2009.
+ show more


Trending Now


AROUND THE WEB

  1. 1
    Carmelo Anthony likely will miss Friday's game against Thunder
  2. 2
    Marcus Smart could play this weekend for Boston Celtics
  3. 3
    Creed's Scott Stapp Reveals He's Homeless in Jarring New Video
  4. 4
    Injury could mean Xavier Henry gets cut from Lakers
  5. 5
    Couple suing famous Little League team over bad throw
+ show more