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Benefits of oil and gas to US States: U - W

Oilfield Technology,


Utah

  • Across Utah, 498 businesses are part of the larger oil and natural gas supply chain.
  • 79 600 jobs in the state are supported by the sector.
  • Labour income is supported to the tune of US$ 4.1 billion/y by the industry.
  • The annual average salary in Utah is US$ 41 702, or US$ 78 730 in the oil and gas sector.
  • In total, the industry supports US$ 8.4 billion of Utah’s economy.
  • Utah is the state’s 11th biggest oil producer and 10th biggest natural gas producer.

Vermont

  • Approximately 7 businesses across the state are part of the oil and natural gas supply chain.
  • 14 600 jobs, or 3.6% of employment is supported by the sector.
  • Labour income is supported by US$ 567 million /y from the oil and gas industry.
  • Annual yearly income in Vermont is US$ 41 236 or US$ 49 406 in the oil and gas sector.
  • Overall, the industry supports US$ 1 billion or 3.6% of the state’s economy.
  • By 2035, 2583 jobs are expected to be supported by hydraulic fracturing and horizontal drilling.

Virginia

  • At a minimum, 120 businesses across the 11 congressional districts in Virginia are part of the larger oil and natural gas supply chain.
  • 141 600 jobs are supported by the sector.
  • The oil and gas industry supports the state’s labour income to a level of US$ 7.2 billion/y.
  • US$ 51 665 is the annual average income in Virginia, unless one works in the oil and gas sector, where it is US$ 60 721.
  • Overall, the sector supports US$ 12.5 billion of Virginia’s economy, the equivalent of 3%.

Washington

  • At a minimum, 185 businesses are part of the bigger oil and natural gas supply chain in Washington.
  • The industry supports 104 300 jobs across the state.
  • Labour income is supported by US$ 5.9 billion/y from the industry.
  • US$ 52 869 is the annual average income in Washington, but it is US$ 87 333 for the state’s oil and gas sector.
  • Overall the industry supports US$ 14 billion of the state’s economy, equivalent to 4$ of economic activity.

West Virginia

  • 230 businesses across the eight congressional districts of West Virginia are part of the oil and gas supply chain.
  • 80 400 jobs are supported by the sector, equivalent to 8.9% of the working population.
  • Labour income is supported by US$ 3.64 billion from the oil and gas industry.
  • The annual average salary in West Virginia is US$ 39 519, or US$ 74 450 for the oil and gas sector.
  • In total, the industry supports US$ 5.8 billion of the state’s economy.
  • West Virginia is the 20th largest oil producer in the US and the 9th largest natural gas producer.
  • By 2035, 58 244 jobs are expected to be supported by hydraulic fracturing and horizontal drilling.

Wisconsin

  • At a minimum, 108 businesses, across all eight of the state’s congressional districts are part of the larger oil and natural gas supply chain.
  • 103 300 jobs are supported by the industry.
  • Labour income from the oil and gas sector totals US$ 4.5 billion/y.
  • Annual average salary in Wisconsin is US$ 42 572, or US$ 69 083 in the oil and gas sector.
  • Overall, the industry supports US$ 7.9 billion of the state’s economy, equivalent to 3.1% of total economic activity in the state.

Wyoming

  • 1081 businesses, at least, across all of the state are part of the larger oil and natural gas supply chain.
  • 80 000 jobs are supported by the sector.
  • Labour income receives US$ 5.13 billion/y from the oil and gas industry.
  • Annual average salary in Wyoming is US$ 44 699/y, or US$ 84 994 for those in the oil and gas industry.
  • In total, the sector supports US$ 13 billion of the state’s economy.
  • Wyoming is the 7th largest oil producer in the US and the 5th largest natural gas producer.

Edited from API report by Claira Lloyd

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

 

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