PDF《Texas》

Oil and natural gas are driving the U.

S. economy through a major energy boom and that boom is rippling through the economy of Texas, supporting business activity across the state. This finding grows out of a new American Petroleum Institute survey of domestic oil and natural gas vendors,1 which offers a glimpse into the job and business creation engine that is the current oil and natural gas industry. The survey shows that at least 11,033 businesses, spread across all

36 congressional districts in Texas, are part of the larger oil and natural gas supply chain. $308.3 BILLION 1,938,700 30k 40k 50k 60k 70k 80k 90k 100k Avg. Annual Texas Salary Avg. Oil and Gas Industry Salary $52,146 $117,272 AVERAGE ANNUAL SALARY COMPARISON 1. American Petroleum Institute, API Onshore Oil and Gas Vendor Identification Survey, Washington, D.C., 2014. The survey was distributed to API members in January

2014 to collect information for the period October

2012 to September 2013. Included are companies that provide goods and services for onshore oil and natural gas development, whether as operators, contractors, service companies, suppliers, or vendors. 2. PriceWaterhouseCoopers, Economic Impacts of the Oil and Natural Gas Industry on the U.S. Economy in 2011, Washington, D.C., July 2013. Prepared for API using the IMPLAN input-output modeling system, based on

2011 U.S. Bureau of Economic Analysis data. 3. Information cited in this paragraph comes from the Bureau of Labor Statistics, Quarterly Census of Employment and Wages (prelimi- nary data for

2013 accessed July 2014);

and PriceWaterhouseCoopers, The Economic Impacts of the Oil and Natural Gas Industry on the U.S. Economy: Employment, Labor Income and Value Added, 7/12/13 (based on

2012 IMPLAN database). 4. EIA, Rankings: Crude Oil Production, April

2014 (thousand barrels), accessed 7/31/2014. http://www.eia.gov/state/ ranking/?sid=UA#/series/46. EIA, Rankings: Natural Gas Marketed Production,

2012 (million cubic feet), accessed 7/31/2014. http://www.eia.gov/state/rankings/?sid=US#/series/47. The survey'

s snapshot of state-by-state activity reinforces the impressive level of industry success throughout the country that is documented in a recent PriceWaterhouseCoopers study conducted for the American Petroleum Institute.2 The study found that the oil and natural gas industry in Texas supports some 1,938,700 jobs, which is 13.6 percent of the state'

s total employment. The amount of Texas labor income supported by the oil and natural gas industry comes to $144 billion annually. That'

s 18.7 percent of the state'

s total labor income. Another way in which the oil and gas industry benefits the people of Texas, in addition to employment and labor income, is in terms of salary.3 While the average annual salary in Texas across all industries and sectors is $52,146, the average salary in the oil and gas industry (excluding gas stations) is very significantly higher―$117,272 annually.3 Overall the industry supports $308.3 billion of the Texas economy. That'

s 23.2 percent of the state'

s total economic activity. Texas ranks 1st in oil and 1st in natural gas production.4 That makes it the nation'

s top energy-producing state. Texas particularly benefits from the production of oil and natural gas from shales and so-called tight formations, energy development that uses the proven engineering technologies of hydraulic fracturing, or fracking, and horizontal THE INDUSTRY CONTRIBUTES TO Texas'

S ECONOMY Visit API.org for more information and follow us on Twitter@EnergyTomorrow. supported by oil and natural gas industry Texas JOBS Oil and Natural Gas Stimulate Texas Economic and Job Growth 110k 120k drilling. Total jobs supported by these activities in Texas reached 576,084 in