October 2012, Vol. 67 No. 10
Newsline
Job growth in natural gas production on rise
According to a report by HIS Global Insight, in the next three years, natural gas production from shale, coal bed methane and tight sands is expected to generate significant job creation, economic growth and revenue for federal, state and local treasuries throughout the U.S. in gas producing states, as well as non-producing states. The study states unconventional gas production that supported more than one million jobs in 2010 is projected to support almost 1.5 million jobs by 2015.
Between 2010 and 2015, the study expects the top 10 unconventional gas producing states (ranked by gas-related employment) – Texas, Louisiana, Colorado, Pennsylvania, Arkansas, Wyoming, Ohio, Utah, Oklahoma and Michigan – to experience a compound annual growth rate of nearly 8 percent, with Pennsylvania and Colorado being close to 14 percent and 10 percent, respectively.
The study also finds that of the 1.5 million unconventional gas-related jobs expected by 2015, nearly one-fifth will be in non-producing states supporting the industry through extensive supply chain and service jobs necessary to support development.
America’s Natural Gas Alliance commissioned the study.
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