These 29 Oklahoma Corps had Total Pretax Income in 2011 of $14.2 bil, or more than doubling to an increase of an off-the-charts 104% over such amount two years ago in 2009.
Of these 29 Oklahoma Corps, 18 of them were Oil and Gas Corps, which generated Total Pretax Income in 2011 of $12.6 bil, or a massive 88% of the Total Profits of all 29 Oklahoma Corps. Now that is what I call Oil and Gas Corp dominance of one State. I think when any US Senator from Oklahoma or someone in the US House from Oklahoma speaks, it is best to consider that their words will be laced with an oil and gas compound.
These 18 Oil and Gas Corps had their Total Pretax Income in 2011 more than double, or up an off-the-charts 108% over such amount two years ago in 2009.
And the 11 Non-Oil and Gas Corps didn't do too shabby.....generating Total Pretax Income in 2011 which was a very robust 76% over such amount two years earlier in 2009.
And when you look at the results by year, Oklahoma Corps performed much better on the earnings front in 2010, when the US House was under Democratic control, than it did in 2011, when the US House was under Republican control. Also, the earnings growth of these Oklahoma Corps substantially decelerated in the most recent 1Q 2012, when the US House was under Republican control.
Oklahoma citizens have to be very proud of their fine Oklahoma Corporations.
And the Obama Administration should take some of the credit here for creating a very robust US economic environment in the most recent two years which allowed these Oklahoma companies to flat out flourish.
In deriving Pretax Income, I start with Pretax Income under Generally Accepted Accounting Principles (GAAP), and then exclude several clearly unusual very large items relative to Pretax Income, such as Asset Impairments, and Gains and Losses on both Debt Retirements and Asset Dispositions.
I use Pretax Income rather than After-tax Net Income, since so much of the change in effective income tax rates just happens due to financial engineering.
I excluded Corps in the Development Stage.
First, here is the headquarters location of each of these 29 Oklahoma Corps.
| Oklahoma Corporation | Headquarters |
| Oil and Gas Corps | |
| Devon Energy | Oklahoma City |
| Chesapeake Energy | Oklahoma City |
| Williams Companies | Tulsa |
| OneOK | Tulsa |
| Continental Resources | Enid |
| Helmerich & Payne | Tulsa |
| Magellan Midstream Partners | Tulsa |
| Unit Corp | Tulsa |
| Sandridge | Oklahoma City |
| Laredo Petroleum | Tulsa |
| WPX Energy | Tulsa |
| GulfPort Energy | Oklahoma City |
| Chaparral Energy | Oklahoma City |
| Atlas Pipeline Partners | Tulsa |
| Apco Oil & Gas Intl | Tulsa |
| Rose Rock Midstream LP | Tulsa |
| PostRock Energy | Oklahoma City |
| Sem Group | Tulsa |
| Non-Oil and Gas Corps | |
| BOK Financial | Tulsa |
| Alliance Resource Partners | Tulsa |
| Tronox | Oklahoma City |
| Dollar Thrifty | Tulsa |
| LSB Industries | Oklahoma City |
| Bancfirst | Oklahoma City |
| Sonic Corp | Oklahoma City |
| Matrix Service | Tulsa |
| Aaon | Tulsa |
| Orchids Paper Products | Pryor |
| Southwest Bancorp | Stillwater |
And below here is the Pretax Income (PTI) and Pretax Loss (PTL) of these 29 Oklahoma Corps Corps for each of the most recent three years, along with the related percentage changes.
| US House | US House | Obama | ||||
| Republican | Democratic | Bump | ||||
| Control | Control | Two | ||||
| PTI(L) | PTI(L) | Year | ||||
| % | % | % | ||||
| Change | Change | Change | ||||
| PTI(L) | PTI(L) | PTI(L) | 2011 | 2010 | 2011 | |
| 2011 | 2010 | 2009 | vs | vs | vs | |
| mils $s | mils $s | mils $s | 2010 | 2009 | 2009 | |
| Oklahoma Oil and Gas Corps | ||||||
| Devon Energy | 4,290 | 3,568 | 1,882 | 20% | 90% | 128% |
| Chesapeake Energy | 2,880 | 2,884 | 1,712 | 0% | 68% | 68% |
| Williams Companies | 1,473 | 991 | 550 | 49% | 80% | 168% |
| OneOK | 984 | 754 | 687 | 31% | 10% | 43% |
| Continental Resources | 687 | 258 | 110 | 166% | 135% | 525% |
| Helmerich & Payne | 687 | 438 | 598 | 57% | -27% | 15% |
| Magellan Midstream Partners | 415 | 313 | 228 | 33% | 37% | 82% |
| Unit Corp | 319 | 237 | 193 | 35% | 23% | 65% |
| Sandridge | 195 | (252) | (75) | 177% | -236% | 360% |
| Laredo Petroleum | 171 | 60 | (12) | 185% | 600% | 1525% |
| WPX Energy | 130 | 235 | 243 | -45% | -3% | -47% |
| GulfPort Energy | 108 | 47 | 24 | 130% | 96% | 350% |
| Chaparral Energy | 98 | 64 | (7) | 53% | 1014% | 1500% |
| Atlas Pipeline Partners | 59 | (26) | (118) | 327% | 78% | 150% |
| Apco Oil & Gas Intl | 42 | 36 | 32 | 17% | 13% | 31% |
| Rose Rock Midstream LP | 23 | 23 | 34 | 0% | -32% | -32% |
| PostRock Energy | 19 | 51 | (26) | -63% | 296% | -173% |
| Sem Group | 9 | (36) | 1 | 125% | -3700% | 800% |
| Total all 18 Oil and Gas Corps | 12,589 | 9,645 | 6,056 | 31% | 59% | 108% |
| Oklahoma Non-Oil and Gas Corps | ||||||
| BOK Financial | 448 | 372 | 311 | 20% | 20% | 44% |
| Alliance Resource Partners | 389 | 323 | 193 | 20% | 67% | 102% |
| Tronox | 265 | 105 | 4 | 152% | 2525% | 6525% |
| Dollar Thrifty | 261 | 221 | 81 | 18% | 173% | 222% |
| LSB Industries | 130 | 48 | 36 | 171% | 33% | 261% |
| Bancfirst | 71 | 66 | 49 | 8% | 35% | 45% |
| Sonic Corp | 52 | 50 | 88 | 4% | -43% | -41% |
| Matrix Service | 31 | 7 | 48 | 343% | -85% | -35% |
| Aaon | 22 | 33 | 44 | -33% | -25% | -50% |
| Orchids Paper Products | 9 | 8 | 20 | 13% | -60% | -55% |
| Southwest Bancorp | (112) | 27 | 18 | -515% | 50% | -722% |
| Total all 11 Non-Oil and Gas Corps | 1,566 | 1,260 | 892 | 24% | 41% | 76% |
| Grand Total all 29 Oklahoma Corps | 14,155 | 10,905 | 6,948 | 30% | 57% | 104% |
