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Oklahoma Energy Index Continues Steep Decline

As expected, the Oklahoma Energy Index contracted sharply in April. Oil and natural gas activity fell by 14.3 percent to an index reading of 102.8 – just above the baseline of 100 indexed to the base year of 2000. Total energy activity in the state is now down 44 percent from a year ago with the pace of decline accelerating into the deepest contraction in the last 20 years.

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