Benefits of oil and gas to US States: M - N

Montana

• At a minimum, 226 businesses, across Montana’s at large congressional district, are part of the larger oil and natural gas supply chain.
• The oil and natural gas industry in Montana supports 43 100 jobs, which is 6.7% of the state’s total employment.
• Labour income in Montana is supported to the tune of US$ 2.01 billion /y by the oil and gas sector.
• Montana’s average annual salary is US$ 36 499, for the oil and gas sector it is US$ 81 226 /y.
• By 2035, 18 811 jobs are expected to be supported by hydraulic fracturing and horizontal drilling.

Nebraska

• 37 businesses, across all of Nebraska’s congressional businesses are supported by the larger oil and natural gas supply chain.
• The state’s oil and gas sector supports 47 200 jobs.
• Labour income is supported by US$ 2.69 billion /y from the oil and gas sector.
• The average salary per year in Nebraska is US$ 39 358, for oil and gas in the state it is US$ 68 848.
• Overall the oil and gas industry supports US$ 4.7 billion of the Nebraskan economy.

Nevada

• At a minimum, 40 businesses across all four congressional districts in Nevada are part of the larger oil and natural gas supply chain.
• The sector supports 48 600 jobs in Nevada, 3.2% of the state’s total employment.
• Labour income is supported by US$ 2.43 billion/y from the oil and gas industry.
• Average annual industry income in Nevada is US$ 42 941, in the oil and gas sector it is US$ 57 722.
• Overall the oil and gas sector 3.8% of the state’s economic activity.
• By 2035, hydraulic fracturing and horizontal drilling is anticipated to support 13 867 jobs in the state.

New Hampshire

• 20 businesses across both of the state’s congressional districts are part of the larger oil and natural gas supply chain.
• The sector supports 24 900 jobs in the state.
• Labour income is supported by the oil and gas industry at a level of US$ 1.25 billion /y.
• Average yearly salary in the state is US$ 49 433, or US$ 60 369 if working within the oil and gas sector.
• 3.3% of the state’s total economic activity is supported by the industry.

New Jersey

• At a minimum, 177 businesses covering all of the state’s congressional districts are part of the larger oil and natural gas supply chain.
• The sector supports 143 900 jobs in the state, totalling 2.9% of employment.
• Labour income is supported to the tune of US$ 10.12 billion /y by the oil and gas sector.
• Average yearly salary in New Jersey is US$ 58 998, for the oil and gas sector it is US$ 88 205.
• Overall, the industry supports US$ 19.9 billion of the state’s economy.

New Mexico

• In New Mexico, at least 902 businesses across all three congressional districts, support the larger oil and natural gas supply chain.
• 105 600 jobs in the state are supported by the oil and gas sector, equal to 9.9% of total employment.
• Labour income is supported by the oil and natural gas industry at a level of US%$ 5.35 billion /y.
• The average income per year in the state is US$ 39 660, but in the oil and gas sector it is US$ 71 505.
• In total, the industry supports US$ 11.3 billion in the state’s economy.
• New Mexico is 6th in oil and 7th in natural gas production in US rankings.
• By 2035, 58 466 jobs are expected to be supported by hydraulic fracturing and horizontal drilling.

New York

• 392 businesses spread over New York support the larger oil and natural gas supply chain.
• 270 600 jobs are supported by the sector in the state.
• US$ 20.42 billion /y supports labour income figures in New York from oil and gas employment.
• The average New York salary is US$ 64 197/y, but it is US$ 80.843/y for the oil and gas sector.
• Overall the industry contributes US$ 35.2 billion /y to the state’s economy.

North Carolina

• 137 businesses across North Carolina support the larger oil and gas supply chain.
• The sector supports 146 100 jobs in the state.
• Labour income is supported by US$ 6.76 billion/y from the oil and gas sector.
• The average yearly salary in North Carolina is US$ 43 758, but is US$ 51 651 in the oil and gas sector.
• Overall the industry supports US$ 12.5 billion of the state’s economy.

North Dakota

• At least 876 businesses across North Dakota’s congressional district are supporting the larger oil and natural gas supply chain.
• The sector supports 64 000 jobs across the state, 12% of total employment figures.
• Labour income is supported by the oil and gas industry to the tune of US$ 3.8 billion /y.
• The average salary in the state is US$ 48 740/y, or, if working within the oil and gas sector, it is US$ 90 171.
• In total, the industry supports US$ 6.6 billion of the state’s economy.
• In the US rankings, North Dakota is the 2nd highest oil producer and 15th natural gas producer.
• By 2020, it is anticipated that 114 240 jobs will be supported by hydraulic fracturing and horizontal drilling.

Edited from API report by Claira Lloyd

Read the article online at: https://www.oilfieldtechnology.com/exploration/06102014/oil-and-gas-benefits-n-m/