How Oklahoma’s aggregate producers are faring these days

Devery Youngblood, executive director of the Oklahoma Aggregates Association, discusses the state of the aggregate industry in the Sooner State – and more – with P&Q.

Describe the current state of the industry within Oklahoma in a few words. 

Strong, especially given COVID-19

What is your outlook for 2021? 

Somewhat optimistic

What factors are driving your 2021 outlook? 

COVID-19 and the oil price plummet’s impact on the Oklahoma economy.

What are the greatest opportunities available to aggregate producers in Oklahoma?

Convincing legislators that we are the beginning of all infrastructure, and infrastructure development restarts our economy and saves lives.

What are the greatest challenges Oklahoma producers face?

State budget constraints and the ever-present challenge to monitor regulations to ensure clarity and predictability.

How is Oklahoma situated in terms of infrastructure funding for 2021 and beyond?

Somewhat well

Can you characterize infrastructure funding in Oklahoma?

Our economy is highly dependent on oil and gas revenues, which are down significantly. To keep pace with our state infrastructure plans will mean bonding certain projects, and the Oklahoma legislature has been reluctant to add debt in the past.

Will a multi-year federal infrastructure bill be passed in 2021? 

Yes

Are there any other industry insights you’d like to share? 

There has never been a more important time for us to break free of our silos to take the message of aggregate’s value to the broader business community via active participation in metro and state Chambers of Commerce, as well as the legislature. Aggregates start infrastructure and infrastructure starts the economy.

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Featured image: P&Q Staff