At a glance: Oklahoma Oklahoma is the 35th most populous state in the U.S., with 4,053,824 residents across its 69,898 square miles, according to the U.S. Census Bureau. The state is ranked No. 26 for business in 2024 by CNBC. Oklahoma is known for its strong energy sector and diverse economy, which includes agriculture, manufacturing, and services. Oklahoma's major industries are energy, aerospace, agriculture, biotechnology, and transportation. Energy Oklahoma ranks No. 7 among states for most energy production, with its leading production sources being natural gas, crude oil, and wind energy, according to the U.S. Energy Information Administration. Oklahoma ranks No. 11 for most energy consumption. The leading energy sources consumed by Oklahomans are natural gas, motor gasoline, and electricity. Oklahoma’s residential electricity rate is $0.1401/kWh, cheaper than the national average. Commercial electricity rate is also cheaper; Oklahoma commercial users pay a rate of $0.0934/kWh, compared to the national average commercial rate of $0.1259/kWh. Industrial users pay $0.0626/kWh, just above the national average industrial electricity rate of $0.0804/kWh. Oklahoma’s residential natural gas price is $14.91 per thousand cubic feet, above the national average of $14.75, according to the most recently available data from the U.S. Energy Information Administration. Environment Annual carbon emissions increased 31.4 percent since 1970, while the state’s population increased by 56 percent during the same span. The population is projected to increase another 8 percent, to 4.37 million residents, by 2050.Nearly half of the state’s land – at 43 percent – is recognized as tribal lands under a 2020 U.S. Supreme Court decision. The federal government lists 22 species in Oklahoma as threatened or endangered.
