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Marginal Wells: Fuel For Economic Growth

Table 5A: Economic Effects of 2006’s Abandonments

California

$147.682

1.9891

0.4319

9.5

$293.755

$63.784

1,407

Colorado

$12.008

2.0627

0.4337

8.6

$24.770

$5.208

104

Kansas

$33.214

1.9466

0.3788

14.1

$64.655

$12.582

469

Louisiana

$22.789

1.8321

0.3628

8.8

$41.752

$8.268

201

Mississippi

$0.944

1.6049

0.3035

9.3

$1.515

$0.286

9

New Mexico

$14.380

1.6563

0.3487

10.0

$23.818

$5.014

144

North Dakota

$6.021

1.7441

0.3538

11.0

$10.502

$2.130

66

Oklahoma

$41.177

2.0400

0.4224

11.5

$84.000

$17.393

472

Texas

$331.188

2.0853

0.4334

8.4

$690.626

$143.537

2,793

Utah

$1.851

1.8940

0.4018

11.6

$3.506

$0.744

21

Wyoming

$6.728

1.7344

0.3242

7.9

$11.670

$2.181

53

SUBTOTAL

$615.271

2.0325

0.4244

9.3

$1,250.567

$261.127

5,739

ALL OTHERS*

$53.779

2.0325

0.4244

9.3

$109.305

$22.824

500

TOTAL

$669.061

2.0325

0.4244

9.3

$1,359.872

$283.951

6,240

5A.1 Oil

State

5A.2 Gas

2006 Revenue

Final

Final

Final

Lost

Demand

Demand

Demand

From Aban-

Multipli-

Multipli-

Multipliers

donment

ers

ers

Employ-

Million $

Output

Earnings

ment

Lost

Lost

Lost

Output

Earnings

Employ-

Million $

Million $

ment

OVERALL EF

FECT IN FINAL DEMAND

California

$3.895

1.9891

0.4319

9.5

$7.748

$1.682

37

Colorado

$7.302

2.0627

0.4337

8.6

$15.063

$3.167

63

Kansas

$17.410

1.9466

0.3788

14.1

$33.890

$6.595

246

Louisiana

$9.616

1.8321

0.3628

8.8

$17.617

$3.489

85

Mississippi

$0.056

1.6049

0.3035

9.3

$0.090

$0.017

1

New Mexico

$9.885

1.6563

0.3487

10.0

$16.373

$3.447

99

North Dakota

$0.231

1.7441

0.3538

11.0

$0.403

$0.082

3

Oklahoma

$28.917

2.0400

0.4224

11.5

$58.991

$12.215

332

Texas

$86.470

2.0853

0.4334

8.4

$180.316

$37.476

729

Utah

$2.586

1.8940

0.4018

11.6

$4.898

$1.039

30

Wyoming

$9.756

1.7344

0.3242

7.9

$16.920

$3.163

77

SUBTOTAL

$178.140

1.9777

0.4244

9.3

$352.309

$72.371

1,701

ALL OTHERS*

$30.354

1.9777

0.4244

9.3

$60.031

$12.882

282

TOTAL

$209.250

1.9706

0.4244

9.3

$412.340

$85.254

1,983

2006 Revenue

Final

Final

Final

Lost From

Demand

Demand

Demand

Abandon-

Multipli-

Multipli-

Multipliers

ment

ers

ers

Employ-

Million $

Output

Earnings

ment

2006 Revenue

Final

Final

Final

Lost From

Demand

Demand

Demand

Abandonment

Multipli-

Multipliers

Multipliers

Million $

ers

Earnings *

Employ-

Lost

Lost

Lost

Output

Earnings

Employ-

Million $

Million $

ment

Lost

Lost

Lost

Output

Earnings

Employ-

ment *

Million $

Million $

ment

State

OVERALL EF

FECT IN FINAL DEMAND

5A.3 Oil & Gas

Output *

OVERALL EFFECT IN FINAL DEMAND

SUBTOTAL

$793.411

2.0202

0.4203

9.4

$1,602.876

$333.499

7,440

ALL OTHERS*

$84.132

2.0127

0.4244

9.3

$169.336

$35.706

782

TOTAL

$878.311

2.0178

0.4204

9.4

$1,772.212

$369.204

8,223

  • *

    eighted averages used for RIMS II Multipliers; excludes Alaska, Federal Offshore production.

0.1792

3.4506

$26.463

510

0.1708

1.8861

$2.051

23

0.1722

6.9618

$5.720

231

0.1570

2.3275

$3.579

53

0.1469

3.8365

$0.139

4

0.1712

3.7421

$2.463

54

0.1749

4.5305

$1.053

27

0.1768

3.1144

$7.279

128

0.1753

1.5675

$58.049

519

0.1648

3.7026

$0.305

7

0.1709

2.6753

$1.150

18

0.1759

2.5600

$108.250

1,573

0.1759

2.5600

$9.460

138

0.1759

2.5600

$117.710

1,711

Direct

Direct

Effect

Effect

Multipli-

Multipliers

ers

Employ-

Earnings

ment

OIL & GAS INDUSTRY

Lost Lost Earnings Employment Million $

0.1792

3.4506

$0.698

13

0.1708

1.8861

$1.247

14

0.1722

6.9618

$2.998

121

0.1570

2.3275

$1.510

22

0.1469

3.8365

$0.008

0

0.1712

3.7421

$1.693

37

0.1749

4.5305

$0.040

1

0.1768

3.1144

$5.112

90

0.1753

1.5675

$15.156

136

0.1648

3.7026

$0.426

10

0.1709

2.6753

$1.667

26

0.1715

2.6400

$30.556

470

0.1715

2.6400

$5.206

80

0.1709

2.6300

$35.762

550

Direct

Direct

Effect

Effect

Multipli-

Multipliers

ers

Employ-

Earnings

ment

OIL & GAS INDUSTRY

Lost Lost Earnings Employment Million $

Lost

Lost

Earnings

Employ-

Million $

ment

Direct Effect Multipli- ers Earnings

Direct Effect Multipliers Employ- ment

OIL & GAS INDUSTRY

$138.807

2,044

$14.665

218

$153.472

2,262

0.1750

2.5759

0.1743

2.5889

0.1747

2.5749

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