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New Study: 10.3 million U.S. jobs supported by natural gas & oil in 2015


Michael Tadeo | 202.682.8114 | TadeoM@api.org


Industry sees increase of 500,000 supported jobs since 2011

WASHINGTON, August 1, 2017 – API today released a new study showing that the natural gas and oil industry supported 10.3 million U.S. jobs and added $1.3 trillion to the nation’s economy in 2015. The study found that jobs supported by the industry increased by 500,000 since 2011 and showed that all 50 states, whether producing or non-producing, continued to benefit from the industry.

“This study validates the role of the natural gas and oil industry in growing the U.S. economy and supporting more than 10 million  workers from coast-to-coast,” said API President and CEO Jack Gerard. “Natural gas and oil touches virtually every facet of our life – from heating our homes and fueling transportation to life-saving medical devices and cosmetics at the drug store. This study is further proof of the positive impact that U.S. resources have on workers and communities across the nation.”

“Policies that promote the responsible development of our nation’s vast energy resources aren’t solely economic, but also further U.S. security and environmental stewardship. Increased use of clean-burning natural gas for power generation and technology innovations have reduced U.S. greenhouse gas emissions to near 30-year lows today,” Gerard added.

The study, conducted by PricewaterhouseCoopers (PwC) and commissioned by API, showed that the natural gas and oil industry supported 10.3 million U.S. jobs in 2015. According to the Bureau of Labor Statistics, the average wage paid by the natural gas and oil industry, excluding retail station jobs, in 2016 was $101,181 which is nearly 90 percent more than the national average.

The natural gas and oil industry has widespread impacts in each of the 50 states. See table below.

*The industry’s capital investment impact of 2.3 million jobs supported, $134 billion of labor income, and $220 billion of the industry’s impact on GDP is not quantified at the state level due to the non-availability of capital expenditure data at the state level.

To view the full study, please visit the API website.

To view a one-pager on the study, please see the attached document or visit the API website.

To learn more about jobs in the industry, including opportunities for veterans, please visit the API website.

API is the only national trade association representing all facets of the oil and natural gas industry, which supports 10.3 million U.S. jobs and nearly 8 percent of the U.S. economy. API’s more than 625 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 40 million Americans.

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State

Jobs supported

Value added to state’s economy

State

Jobs supported

Value added to state’s economy

Alabama

86,400

$8.8b

Montana

39,500

$4.8b

Alaska

45,300

$15.7b

Nebraska

81,200

$9.2b

Arizona

95,300

$8b

Nevada

44,900

$4b

Arkansas

76,000

$8.1b

New Hampshire

24,100

$2.2b

California

730,600

$119.6b

New Jersey

142,200

$20.9b

Colorado

232,900

$31.3b

New Mexico

90,100

$12.8b

Connecticut

54,500

$7.2b

New York

258,500

$35.7b

Delaware

15,700

$2.3b

North Carolina

141,500

$13.4b

D.C.

11,800

$2.1b

North Dakota

78,700

$11.7b

Florida

266,800

$22b

Ohio

262,800

$37.9b

Georgia

142,700

$13.6b

Oklahoma

379,100

$51.7b

Hawaii

19,100

$2.3b

Oregon

57,500

$5.3b

Idaho

26,300

$1.8b

Pennsylvania

322,600

$44.4b

Illinois

234,600

$33.3b

Rhode Island

15,200

$1.8b

Indiana

120,400

$14.8b

South Carolina

67,600

$5.2b

Iowa

83,200

$6.9b

South Dakota

22,500

$1.6b

Kansas

128,700

$12.1b

Tennessee

106,600

$10.5b

Kentucky

80,200

$7.8b

Texas

1,985,200

$326.3b

Louisiana

291,200

$50.7b

Utah

66,800

$7.4b

Maine

29,200

$2.2b

Vermont

13,900

$991.7m

Maryland

72,500

$7.8b

Virginia

125,500

$11.9b

Massachusetts

102,600

$12.5b

Washington

98,500

$12.8b

Michigan

159,100

$14.5b

West Virginia

70,900

$8b

Minnesota

117,400

$14.2b

Wisconsin

98,200

$8.3b

Mississippi

81,600

$7.8b

Wyoming

57,500

$8.9b

Missouri

117,500

$10.4b

Downloads

Fact Sheet: Natural Gas and Oil - A Critical Contributor to American Prosperity (July 2017)

File Size: .3 MB