NEW YORK, NY -- (Marketwire) -- 08/04/11 -- American Petro-Hunter (OTCBB: AAPH) has recently outlined their campaign for drilling in Northern Oklahoma, announcing the next set of wells to be drilled of the 11 they anticipate completing through 2012.
In a June 2011 report Oklahoma's Oil and Natural Gas Industry Economic Impact and Jobs Report (www.oerb.com/Portals/0/docs/2011_Economic%20Impact%20and%20Jobs%20Report.pdf) Oklahoma accounts for nearly 3.5% of all US oil production or 67 million barrels. The state remains a key source of domestic energy needed to feed the US economy.
The development of natural gas fields in Oklahoma have been aided by advances in technology (horizontal drilling, fracturing, etc). These new techniques are employed by companies like Devon Energy (NYSE: DVN), EOG Resources (NYSE: EOG), Occidental Petroleum (NYSE: OXY) as well as American Petro-Hunter. As the discussion of an expanded role for natural gas in the nation's energy concern grows, Oklahoma will continue to be a top producing state. In 2009 Oklahoma produced over 8.5% of the nation's natural gas.
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