The Alabama Petroleum Council (APC), a division of the American Petroleum Institute, on Tuesday released a new study showing that in 2015 the U.S. natural gas and oil industry supported 86,400 jobs in the Yellowhammer State, provided nearly $3.9 billion in wages and contributed $8.85 billion to the state’s economy.
Conducted by PricewaterhouseCoopers (PwC) and commissioned by API, the study also found that all 50 states, whether energy producing or not, continued to benefit from the natural gas and oil industry.
“Alabama oil and gas industry jobs offshore and onshore are in high demand because they have paid very well and the companies respect their employees while taking their health and safety very seriously,” said Executive Director Dean Peeler. “Alabama has had a proud 75 year history in oil and gas production, thanks to our dedicated professional employees.”
The study also revealed 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 in 2016, excluding retail station jobs, was $101,181 which is nearly 90 percent more than the national average.
“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,” added 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.”