This is a form dealing with the Over-Production and Under-Production of Gas, the event Assignor's gas production, if any, from the Assigned Property is in excess of or less than Assignor's interest in the Property, then Assignee shall acquire Assignor's interest subject to that over-production or under-production.
Oklahoma Over-Production and Under-Production of Gas
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Multi-State
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US-OG-502
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Five of the 34 natural gas producing states accounted for about 70.4% of total U.S. dry natural gas production in 2022. The top five natural gas-producing states and their percentage share of total U.S. natural gas production in 2021 were: Texas24.6% Pennsylvania21.8% Louisiana9.9% West Virginia7.4% Oklahoma6.7%
Data Supply & DistributionProductionOklahomaPeriodTotal Energy4,187 trillion Btu2021Crude Oil440 thousand barrels per dayJun-23Natural Gas - Marketed2,571,834 million cu ft202121 more rows ?
Profile Overview In 2022, Oklahoma was the nation's fifth-largest producer of marketed natural gas and the sixth-largest producer of crude oil. ... As of January 2022, Oklahoma had 5 operable petroleum refineries with a combined daily processing capacity of almost 524,000 barrels per calendar day.
The top five dry natural gas-producing states in 2022, by amount and percentage share of total U.S. dry gas production, were: Texas?9.25 Tcf?25.4% Pennsylvania?7.41 Tcf?20.4% Louisiana?4.04 Tcf?11.1% West Virginia?2.69 Tcf?7.4% Oklahoma?2.51 Tcf?6.9%
In 2022, Oklahoma was the nation's fifth-largest producer of marketed natural gas and the sixth-largest producer of crude oil. Overall, the state consumes only about one-third of the energy it produces.
Oklahoma enjoys affordable energy prices, in part because it has significant fossil fuel resources. Oklahoma produces most of its electricity from coal and natural gas, in nearly equal amounts.
Oklahoma has also ranked highly in natural gas production across states in recent decades. In 2021, the state ranked fifth in total production, behind only Texas, Pennsylvania, Louisiana, and West Virginia (Chart 3). At various times since 2001, Oklahoma has ranked as high as second or third in production.
