An oil-and-gas company focusing on projects in Oklahoma and South Texas, Texas Energy Mutual, LLC, relies on state-of-the-art technologies to search out and capitalize on new energy opportunities. Once a Texas Energy Mutual project begins producing, the company sells the petroleum materials to oil refineries and natural gas pipeline firms.
The latest data from the US Energy Information Administration shows that Oklahoma ranks fifth among all states in crude oil production, and that its refining capacity represents about 2.8 percent of the country’s total oil refining output. In terms of natural gas, Oklahoma is a top producer, yielding roughly 8.5 percent of the United States’ marketed gas resources.
Oklahoma is sitting on a wealth of untapped oil and natural gas reserves. Beneath the state, roughly 1.2 billion barrels of oil sit in reserve, more than 3 percent of the United States’ total. The state’s dry natural gas reserves total about 31 billion cubic feet, or more than 8.5 percent of the country’s reserves.
Oklahoma’s best-producing regions are concentrated in the south central and northern portions of the state.