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Cushing is the delivery point for West Texas Intermediate, a blend of US light sweet crude oil streams [1] traded on the New York Mercantile Exchange [19]. Cushing's strategic position as a major hub in oil supply led to WTI's development as a significant physical market price reference or benchmark for over three decades.
Cushing is located in Payne County at the intersection of Oklahoma State Highway 18 and Oklahoma State Highway 33. According to the United States Census Bureau , the city has a total area of 7.6 square miles (20 km 2 ), of which 7.6 square miles (20 km 2 ) is land and 0.13% is water.
The Cushing Oil Field, also known as the Cushing-Drumright Oil Field, is an oil field in northeastern Oklahoma, part of the Mid-Continent oil province.The 10-mile (16 km) by 3-mile (4.8 km) field includes southeastern Payne County, northwestern Creek County, and northeastern Lincoln County.
Downtown Oklahoma City (2014), the hub of Central Oklahoma. Central Oklahoma is the geographical name for the central region of the U.S. state of Oklahoma.It is also known by the Oklahoma Department of Tourism designation, Frontier Country, defined as the 12-county region including Canadian, Grady, Logan, Oklahoma, Cleveland, McClain, Payne, Lincoln, Pottawatomie, Seminole, Okfuskee, and ...
Cushing is a major crude oil marketing/refining and pipeline hub. [26] [27] Operating from 2010 to 2021, the original Keystone Pipeline System is a 3,461-kilometre (2,151 mi) pipeline delivering Canadian crude oil to U.S. Midwest markets and Cushing, Oklahoma.
By the 1970s, however, the IPE's success, and Tulsa's role in the international oil industry, had both eroded: Tulsa's last IPE was held in 1979, [26] while Houston has become the most prominent hub of the oil industry in the United States. In more recent times, Tulsa's continued use of "oil capital of the world" is often characterized as ...
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Competing with Oklahoma City as the hub of central Oklahoma, Shawnee developed a broad base of economic activity. As late as 1910, city leaders hoped that one more rail line, a meat packing plant, and the state capital might be just enough to surge ahead of its rival 30 miles to the west.