Lake Oologah is a reservoir in northeastern Oklahoma. It is located near the towns of Oologah, Nowata, and Claremore. The lake has a surface of 29,500 acres of water and 209 miles of shoreline with 11 lake-side parks. The water storage capacity is rated as 552,210 acre-feet. The lake is formed along the Verdigris River, and is a source of water for the Tul…Lake Oologah is a reservoir in northeastern Oklahoma. It is located near the towns of Oologah, Nowata, and Claremore. The lake has a surface of 29,500 acres of water and 209 miles of shoreline with 11 lake-side parks. The water storage capacity is rated as 552,210 acre-feet. The lake is formed along the Verdigris River, and is a source of water for the Tulsa Metropolitan Area. The purpose of the dam and lake is flood control, water supply, navigation, recreation, and fish and wildlife.