{"id":5371,"date":"2014-05-12T07:23:45","date_gmt":"2014-05-12T13:23:45","guid":{"rendered":"http:\/\/www.regiontrack.com\/www\/?p=5371"},"modified":"2014-05-12T07:23:45","modified_gmt":"2014-05-12T13:23:45","slug":"pic-of-the-week-why-oil-gas-matters-so-much-in-oklahoma-05122014","status":"publish","type":"post","link":"https:\/\/www.regiontrack.com\/www\/pic-of-the-week-why-oil-gas-matters-so-much-in-oklahoma-05122014\/","title":{"rendered":"Pic-of-the-Week: Why Oil & Gas Matters So Much in Oklahoma (05\/12\/2014)"},"content":{"rendered":"

OK Oil and Gas Earnings Share Near Oil-Boom High in Early 1980s\u00c2\u00a0–<\/strong>\u00c2\u00a0<\/em>The economic role played by the oil and gas industry in Oklahoma has returned to near levels last seen in the Oil-Boom days more than three decades ago. Remarkably, earnings across the mining industry now total $15.8 billion, or 13.7% of all\u00c2\u00a0earnings statewide. And as the graphic shows, the tiny utilities sector is the only major industry sector within shouting distance of mining\u00c2\u00a0<\/span>based on average earnings per worker.<\/p>\n

\"potw_1_20140512\"<\/a><\/p>\n

For comparison, mining is roughly 40-50% larger than both the manufacturing and health care sectors, its nearest competitors, based on earnings\u00c2\u00a0generated within the state.<\/p>\n

Along with such a high wage share, what really separates the industry from the others is the more than $12 billion spent on exploration and drilling\u00c2\u00a0in Oklahoma in 2013. This activity\u00c2\u00a0makes the oil and gas industry the largest single source of business investment spending in the state, by far.<\/p>\n

It also explains Oklahoma’s strong economic performance and sharp gains relative to the nation in per capita personal income the past several years.<\/p>\n

Sign up<\/a>\u00c2\u00a0to receive RegionTrack’s PIC OF THE WEEK!
\n[email_link]<\/div>\n
<\/div>\n","protected":false},"excerpt":{"rendered":"

OK Oil and Gas Earnings Share Near Oil-Boom High in Early 1980s\u00c2\u00a0–\u00c2\u00a0The economic role played by the oil and gas industry in Oklahoma has returned to near levels last seen in the Oil-Boom days more than three decades ago. Remarkably, earnings across the mining industry now total $15.8 billion, or 13.7% of all\u00c2\u00a0earnings statewide. And…<\/p>\n","protected":false},"author":1,"featured_media":5373,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","om_disable_all_campaigns":false,"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[9,13,1],"tags":[60,72,73],"post_series":[],"class_list":["post-5371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-graphic","category-pic-of-the-week","category-uncategorized","tag-income","tag-oil-and-gas","tag-oklahoma","entry","has-media"],"aioseo_notices":[],"uagb_featured_image_src":{"full":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121.png",617,468,false],"thumbnail":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121-150x150.png",150,150,true],"medium":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121-300x228.png",300,228,true],"medium_large":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121.png",617,468,false],"large":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121.png",617,468,false],"1536x1536":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121.png",617,468,false],"2048x2048":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121.png",617,468,false],"lightbox":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121.png",617,468,false],"search_results":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121.png",125,95,false],"blog_entry":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121-250x150.png",250,150,true],"blog_post":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121.png",617,468,false],"blog_post_full":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121.png",617,468,false],"blog_related":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121.png",617,468,false],"portfolio_entry":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121.png",617,468,false],"portfolio_post":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121.png",617,468,false],"portfolio_related":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121.png",617,468,false],"staff_entry":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121.png",617,468,false],"staff_post":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121.png",617,468,false],"staff_related":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121.png",617,468,false],"testimonials_entry":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121.png",617,468,false],"testimonials_post":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121.png",617,468,false],"gallery":["https:\/\/www.regiontrack.com\/www\/wp-content\/uploads\/potw_1_201405121.png",617,468,false]},"uagb_author_info":{"display_name":"mcsnead","author_link":"https:\/\/www.regiontrack.com\/www\/author\/mcsnead\/"},"uagb_comment_info":0,"uagb_excerpt":"OK Oil and Gas Earnings Share Near Oil-Boom High in Early 1980s\u00c2\u00a0–\u00c2\u00a0The economic role played by the oil and gas industry in Oklahoma has returned to near levels last seen in the Oil-Boom days more than three decades ago. Remarkably, earnings across the mining industry now total $15.8 billion, or 13.7% of all\u00c2\u00a0earnings statewide. And…","_links":{"self":[{"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/posts\/5371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/comments?post=5371"}],"version-history":[{"count":0,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/posts\/5371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/media\/5373"}],"wp:attachment":[{"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/media?parent=5371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/categories?post=5371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/tags?post=5371"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/www.regiontrack.com\/www\/wp-json\/wp\/v2\/post_series?post=5371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}