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STATE

OUTPUT

EARNINGS

EMPLOYMENT

EARNINGS

EMPLOYMENT

EARNINGS

EMPLOYMENT

California

1.9891

0.4319

9.5

2.4103

2.7602

0.1792

3.4506

Colorado

2.0627

0.4337

8.6

2.5391

4.5789

0.1708

1.8861

Kansas

1.9466

0.3788

14.1

2.1995

2.0271

0.1722

6.9618

Louisiana

1.8321

0.3628

8.8

2.3102

3.7887

0.1570

2.3275

Mississippi

1.6049

0.3035

9.3

2.0655

2.4289

0.1469

3.8365

New Mexico

1.6563

0.3487

10.0

2.0363

2.6812

0.1712

3.7421

North Dakota

1.7441

0.3538

11.0

2.0231

2.4251

0.1749

4.5305

Oklahoma

2.0400

0.4224

11.5

2.3894

3.6824

0.1768

3.1144

Texas

2.0853

0.4334

8.4

2.4727

5.3808

0.1753

1.5675

Utah

1.8940

0.4018

11.6

2.4387

3.1276

0.1648

3.7026

Wyoming

1.7344

0.3242

7.9

1.8970

2.9567

0.1709

2.6753

Economic Analysis

U.S. Economic Impact

jobs. In 2006 the oil and gas industry alone lost $153.5 million of earnings and 2,262 jobs to the marginal well abandonments of the previous year.

Tables 5A and 5B show the economic impact of marginal oil and gas production.

Using the values determined from Table 3A and the multipliers from Table 4, Table 5A shows that the marginal oil and gas wells plugged and aban- doned in 2006 resulted in a reduction of total eco- nomic output of $1.77 billion, earnings reductions of $369.2 million and lost employment of 8,223

Table 5B shows the economic impact of the theo- retical abandonment of all marginal oil and gas wells. Economic output would decline by $62.1 billion, earnings would decrease by $12.8 billion and 304,619 jobs would be lost. Within the oil and gas industry alone, $5.4 billion of earnings and 88,555 jobs would be lost.

CALCULATED O&G INDUSTRY MULTIPLIERS

Table 4: RIMS II Multipliers

FINAL DEMAND MULTIPLIERS

DIRECT EFFECT MULTIPLIERS

27

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