The Total Audited Net Income from Continuing Operations of these 23 largest Oklahoma Companies, predominantly in the Oil & Gas Industry, was $12.5 bil in the Most Recent Two Fiscal Years 2013 and 2012 Combined, a huge $20.3 bil Earnings Improvement from the Audited Net Losses of $7.8 bil in the Two Years 2009 and 2008 Combined.
So if the question to answer is how much better off are Oklahoma Companies in the most recent two fiscal years 2013 and 2012 combined than they were during the financial meltdown years of 2008 and 2009 combined, the answer is $20.3 bil better as audited earnings and losses are measured by the very prestigious US accounting profession.
So to say that the Obama Administration and the US Fed have severely harmed the Oklahoma Oil & Gas Industry is just pure lunacy.
Below here are the Audited Net Income (Losses) of each of these 23 largest Oklahoma Companies for Fiscal Year Ends (FYEs) 2013, 2012, 2011, 2010, 2009 and 2008:
2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |||
Audited | Audited | Audited | Audited | Audited | Audited | |||
Most | Net | Net | Net | Net | Net | Net | ||
City | Recent | Income | Income | Income | Income | Income | Income | |
Oklahoma Company | HQs | FYE | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) |
mil $s | mil $s | mil $s | mil $s | mil $s | mil $s | |||
Williams Partners LP | Tulsa | Dec 13 | 1,070 | 1,232 | 1,511 | 1,188 | 152 | 191 |
Chesapeake Energy Corp | Oklahoma City | Dec 13 | 894 | (594) | 1,757 | 1,774 | (5,805) | 604 |
ONEOK Partners LP | Tulsa | Dec 13 | 804 | 888 | 831 | 473 | 435 | 626 |
Continental Resources Inc | Oklahoma City | Dec 13 | 764 | 739 | 429 | 168 | 71 | 321 |
Helmerich & Payne | Tulsa | Sep 14 | 709 | 721 | 574 | 435 | 286 | 381 |
Williams Companies | Tulsa | Dec 13 | 679 | 929 | 1,078 | 271 | 584 | 1,467 |
Magellan Midstream Partners LP | Tulsa | Dec 13 | 582 | 436 | 414 | 312 | 226 | 330 |
Alliance Resource Partners LP | Tulsa | Dec 13 | 393 | 336 | 389 | 321 | 192 | 135 |
Alliance Holdings GP, LP | Tulsa | Dec 13 | 392 | 331 | 386 | 317 | 190 | 133 |
BOK Financial | Tulsa | Dec 13 | 319 | 354 | 290 | 248 | 201 | 153 |
Unit Corp | Tulsa | Dec 13 | 185 | 23 | 196 | 146 | (56) | 144 |
Gulfport Energy Corp | Oklahoma City | Dec 13 | 153 | 72 | 108 | 47 | 24 | (185) |
LSB Industries | Oklahoma City | Dec 13 | 55 | 59 | 84 | 30 | 22 | 37 |
BancFirst | Oklahoma City | Dec 13 | 54 | 52 | 46 | 42 | 33 | 44 |
Sonic Corp | Oklahoma City | Aug 14 | 48 | 37 | 36 | 19 | 49 | 60 |
AAON Inc | Tulsa | Dec 13 | 38 | 27 | 14 | 22 | 28 | 29 |
Matrix Service | Tulsa | Jun 14 | 37 | 24 | 17 | 19 | 5 | 31 |
Panhandle Oil & Gas Inc | Oklahoma City | Sep 14 | 25 | 14 | 7 | 8 | 11 | (2) |
Apco Oil & Gas Intl | Tulsa | Dec 13 | 19 | 39 | 32 | 26 | 24 | 24 |
Southwest Bancorp | Stillwater | Dec 13 | 17 | 16 | (68) | 11 | 13 | 15 |
Orchids Paper Products | Pryor | Dec 13 | 13 | 9 | 6 | 6 | 14 | 5 |
Devon Energy Corp | Oklahoma City | Dec 13 | (20) | (185) | 2,134 | 2,333 | (2,753) | (3,039) |
SandRidge Energy | Oklahoma City | Dec 13 | (514) | 247 | 162 | 195 | (1,773) | (1,440) |
Total all 23 | 6,716 | 5,806 | 10,433 | 8,411 | (7,827) | 64 | ||
Two Years Earning 2013&2012 | 12,522 | |||||||
Two Years Earning 2009&2008 | (7,763) | |||||||
…Two Years Earnings Improvement | 20,285 |