Oil and Natural Gas Stimulate American Economic and Job Growth
America’s Oil and Natural Gas Economy
This report presents the findings of a 2014 survey of U.S. businesses that constitute America’s domestic oil and natural gas supply chain. The survey was undertaken by the American Petroleum Institute (API), the only national trade association that represents all segments of America’s oil and natural gas industry. Its more than 600 members produce, process, and distribute most of the nation’s energy. Included in the survey are companies that provide goods and services for onshore oil and natural gas development, whether as operators, contractors, service companies, suppliers, or other vendors.
Over the past decade, America has undergone a major energy revolution, rapidly shifting from an era of energy scarcity to an era of energy abundance. Advances in the proven process of hydraulic fracturing—or “fracking”— in conjunction with horizontal drilling have allowed the United States to emerge as the number one producer of natural gas in the world. By 2015, America is also projected to become the world’s number one producer of oil.
See the interactive U.S.A. map below to get specific economic and jobs information from each of the 50 states and the District of Columbia.
THE INDUSTRY CONTRIBUTES TO THE NATION’S ECONOMY
9,833,200 NATIONAL JOBS
SUPPORTED BY OIL AND NATURAL GAS INDUSTRY
See Complete Vendor Survey Report and individual state links below: