The Booming Midcontinent: Reinventing America’s Heartland
Production on the rise from Kansas to the Texas Panhandle
From Oklahoma's first commercial well in 1897 to today's unconventional discoveries, oil has played a central role in the state's economic development for more than a century. In the early to mid-1900s, Oklahoma's oil fields contributed the bulk of the 8+ billion barrels of oil produced from the tri-state Midcontinent region (including Oklahoma and portions of Texas and Kansas). The Midcontinent - led by Oklahoma - regularly ranked as the nation's top oil-producing region.
Today, after decades of declining production (and with further declines predicted), output from this historic region has reversed course. Unconventional technologies are revitalizing once-prolific conventional plays and unlocking promising new unconventional formations.
This year Oklahoma's monthly crude oil production peaked at more than 11 million barrels, a level not seen since the late 1980s. And as top E&P companies flock to hot new plays like the SCOOP, STACK and Springer shale, production likely will continue to rise. Experts predict in the coming years, Oklahoma could surpass California and Alaska to become the nation's third leading oil-producing state. By 2020, Midcontinent oil production could be double where it is today.
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