Outlook 2020: Oklahoma's oil and gas production continues upward march, but steep drop in drilling might signal a stall

Oil and natural gas production in Oklahoma continued its rise in 2019, despite a precipitous dive in the number of drilling operations since late 2018, perhaps foretelling a production plateau or decline.

State oil production rose 62% from 2013-2018 and projects at 71% if extended to 2019 based on estimates for that year from the U.S. Energy Information Association. Gas production climbed 48% across those six years and projects to 56% in 2019, again based off EIA estimates.

There were about 145 drilling rigs in November 2018 in Oklahoma, steadily falling until the past three months of hovering in…

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