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OIPA News - Energy Index

Oklahoma Energy Index offers new view of the industry

January 30, 2014
TOPICS: Energy Index

The Oklahoma Independent Petroleum Association has launched the Oklahoma Energy Index (OEI), providing Oklahomans with a monthly status report of the crude oil and natural gas industry. Full Story >>

Index shows energy industry’s continued expansion

July 24, 2014
TOPICS: Energy Index

Oklahoma’s oil and natural gas industry continues to expand, data from the most recent Oklahoma Energy Index (OEI) shows. For the first time since December 2013, all energy index variables trended in a positive direction, with significant gains in industry employment, rig counts and the Oklahoma energy portfolio. Full Story >>

Crude oil prices impact Energy Index

July 18, 2017
TOPICS: Energy Index

A 5 percent decrease in the price of crude oil resulted in a modest contraction of the Oklahoma Energy Index. Full Story >>

Oklahoma energy companies highlight industry growth

June 26, 2014
TOPICS: Energy Index

Oklahoma’s publicly traded oil and natural gas companies are thriving, data from the most recent Oklahoma Energy Index (OEI) shows. Full Story >>

Energy Index shows continued recovery

June 20, 2017
TOPICS: Energy Index

The state’s oil and natural gas industry continues its recovery from the oil price rout that started in 2014. The Oklahoma Energy Index stood at 170.2 using data collected in April, a 0.6 percent decrease from the previous month’s reading. However, activity levels in the oil and natural gas industry are 13 percent higher than one year ago. Full Story >>

Energy Index growth continues

March 22, 2017
TOPICS: Energy Index

The Oklahoma Energy Index continues to show signs of oil and natural gas industry growth, with increased rig activity and the employment associated with it driving the most recent index upward. Full Story >>

Energy Index continues upward

November 15, 2017

The Oklahoma Energy Index continues to move upward, with this month’s measure of the state’s oil and natural gas industry marking the 12th time in 16 months the index has registered positive gains. Full Story >>

Energy Index contraction slows

February 03, 2016
TOPICS: Energy Index

The contraction of the Oklahoma Energy Index has slowed thanks to a growth in oil and natural gas industry employment and small gains in rig activity. Full Story >>

Energy Index suggests continued industry contraction

December 08, 2015
TOPICS: Energy Index

Economic hardships for Oklahoma’s oil and natural gas industry and the state as a whole are expected as the Oklahoma Energy Index continues its downward trend.
Full Story >>

Energy Index growth continues

December 06, 2016
TOPICS: Energy Index

Led by gains in oil prices and drilling activity in the state, the Oklahoma Energy Index has expanded for the third consecutive month. Full Story >>

Energy Index suggests continued industry contraction

November 22, 2015
TOPICS: Energy Index

The Oklahoma Energy Index continues its downward trend, pointing to a challenging economic environment for Oklahoma’s oil and natural gas industry and the state economy as a whole in the months ahead.
Full Story >>

Energy Index continues positive trend

November 10, 2016
TOPICS: Energy Index

For the second month in a row, the Oklahoma Energy Index has expanded, showing an improving oil and natural gas industry and, hopefully, signaling a new trend for the state’s economic outlook. Full Story >>

1,600 new jobs drive Energy Index

October 16, 2017

A growing number of Oklahoma oilfield workers has helped the Oklahoma Energy Index mark its tenth month of growth in the past year, a positive sign for a strengthening oil and natural gas industry. Full Story >>

Oil and gas industry jobs trend reverses

October 13, 2016
TOPICS: Energy Index

After two years of losses, Oklahoma’s oil and natural gas industry has added jobs, further signaling an end to the industry downturn that has hamstrung the local economy. Full Story >>

Energy Index continues downward trend

October 13, 2015
TOPICS: Energy Index

The most recent Oklahoma Energy Index contracted sharply, suggesting a prolonged period of oil and natural gas industry stagnation and echoing a similar recession-driven downturn seven years ago. Full Story >>

Energy Index ebbs and flows a sign of recovery

September 08, 2016
TOPICS: Energy Index

The marginal ups and downs of the Oklahoma Energy Index are signs of recovery in the state’s oil and natural gas industry, said the economist who compiles the monthly data used to track industry growth. Full Story >>

Energy Index recovery begins

August 13, 2015
TOPICS: Energy Index

Led by increased oil and natural gas industry employment and a slight increase in drilling activity, the most recent Bank SNB Oklahoma Energy Index (OEI) trended into positive territory for the first time since October. Full Story >>

Jobs increase lifts Energy Index

August 07, 2017

A 7 percent increase in Oklahoma drilling activity and an increase in corresponding employment has helped the monthly Oklahoma Energy Index post gains for the ninth time in the past year. Full Story >>

Energy Index shows summer recovery

July 10, 2015
TOPICS: Energy Index

Stabilizing crude oil prices and the start of the summer driving season should give a boost to Oklahoma’s oil and natural gas industry, according to the most recent Bank SNB Oklahoma Energy Index (OEI). Full Story >>

Energy Index signals end of downturn

July 05, 2016
TOPICS: Energy Index

Strong gains in crude oil prices and improving investor sentiment toward the state’s publicly traded oil and natural gas companies held the most recent Oklahoma Energy Index steady, signaling the end is near for the economic downturn that has plagued the state’s defining industry for the past 17 months. Full Story >>

Energy Index history offers insight on future

June 16, 2015
TOPICS: Energy Index

Declines in drilling activity and associated industry employment continue to push the Oklahoma Energy Index (OEI) downward, but previous oil and natural gas industry downturns may offer insight on an economic turnaround. Full Story >>

Employment, drilling activity hamper Energy Index

June 10, 2016

Shrinking employment and declining drilling activity across the Sooner State continue to impact the Oklahoma Energy Index.

Full Story >>

Energy employment drives state growth

May 30, 2014
TOPICS: Energy Index

Data from the most recent Oklahoma Energy Index (OEI) shows the impact employment in the oil and natural gas industry has on the statewide economy. Full Story >>

Energy Index follows historic pattern

April 30, 2015
TOPICS: Energy Index

History may be repeating itself. Updated data from the Oklahoma Energy Index (OEI) shows industry activity is beginning to follow similar patterns to the 2008-09 recession-driven retraction of Oklahoma’s energy industry. Full Story >>

Energy Index shows impact of commodity prices

April 24, 2014
TOPICS: Energy Index

The ebb and flow of crude oil and natural gas prices mark the first contraction of the Oklahoma Energy Index (OEI) in 2014. Full Story >>

Rural Oklahoma hit hardest by energy industry downturn

April 12, 2016
TOPICS: Energy Index

The contraction of the Oklahoma Energy Index continues, and it is Oklahoma’s rural communities that have faced the greatest economic hardship. Full Story >>

Energy Index shows job growth

March 27, 2014
TOPICS: Energy Index

Revised data from the Bureau of Labor Statistics shows a larger number of Oklahoma oil and natural gas employees than previously thought.
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Falling prices drive down Energy Index

March 25, 2015
TOPICS: Energy Index

Falling crude oil prices continue to take their toll on the Oklahoma Energy Index (OEI) and the industry as a whole, pointing to a weakening Oklahoma economy. Full Story >>

Energy Index points to industry expansion

February 27, 2014
TOPICS: Energy Index

Oklahoma’s oil and natural gas industry continues to expand according to the most recent Oklahoma Energy Index (OEI). The index of industry activity increased slightly using data collected in January to 269.19, a 0.64 percent increase from the previous month. Year-over-year growth, however, has increased by 2.36 percent. Full Story >>

Energy Index sees rapid growth

February 16, 2017
TOPICS: Energy Index

The Oklahoma Energy Index expanded at the fastest pace in more than five years thanks to significant gains in oil and natural gas prices and an increase in statewide drilling activity. Full Story >>

Energy index contraction continues

February 10, 2015
TOPICS: Energy Index

The Oklahoma Energy Index (OEI) continues to show the economic consequences of falling crude oil prices. Full Story >>

Index offers new view of oil and natural gas industry

January 30, 2014
TOPICS: Energy Index

The Oklahoma Independent Petroleum Association has launched the Oklahoma Energy Index (OEI), providing Oklahomans with a monthly status report of the crude oil and natural gas industry. Full Story >>

Lower prices stop Energy Index growth

January 10, 2017
TOPICS: Energy Index

A $4 decrease in crude oil prices and a 14 percent fall in natural gas prices stopped the upward trajectory of the Oklahoma Energy Index, putting an end to three consecutive months of index growth to close 2016. Full Story >>

Energy Index suggests continued industry contraction

January 05, 2016
TOPICS: Energy Index

The Oklahoma Energy Index continues its downward trend, and the correlation between the index and statewide private employment suggests ongoing economic struggles for the industry and the state. Full Story >>



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