Oklahoma is a top producer of oil and gas, so one might think the war in the Middle East and crude oil prices that hover around $100 a barrel could give the region an economic boost.But unfortunately for the state’s economy, that’s not exactly the case, according to a new analysis from the Federal Reserve Bank of Kansas City. Oklahoma is simply not seeing a flurry of additional drilling or oil and gas production right now, and experts said there are several reasons why.Tom Seng, a professor of energy finance at Texas Christian University who previously worked in Oklahoma’s energy sector, said companies would have to get a return on drilling new wells that their shareholders would be happy with.“These prices have got to be sustainable for a very long period of time,” he said. “You’d have to see $70 a barrel going out for several years.”There’s also a geological reason that the state isn’t seeing a big boost from the energy supply crunch, said Cortney Cowley, the Kansas City Fed’s lead officer and economist in Oklahoma.“In Oklahoma, we tend to have basins and plays that are much higher in gas content,” she said.Regional natural gas prices have been tamped down. Travis Roach, economics professor at the University of Central Oklahoma, said that’s partially because of how natural gas is taken out of the ground not too far away in the Permian Basin.“Places in Texas, New Mexico — while they’re producing oil, they produce natural gas as a byproduct,” he said. “So you have this excess of natural gas just because there’s a lot of production happening there, and so that keeps prices slightly lower in general here.”That all means Oklahoma isn’t seeing an oil and gas boom, which limits the uptick in tax revenue that comes from higher prices. Employment is also unlikely to see a big boost. Even if it were to produce more, Cowley said those factors still might not change.“We’ve really seen gains in productivity in oil and gas production,” she said. “They don’t need as many people in order to be able to do that, so even though we’ve seen revenues increase in oil and gas in Oklahoma, we’ve seen mining employment overall actually decline.”Meanwhile, the state’s other important sectors, like agriculture, are feeling the strain of higher diesel prices and other energy-related costs.