Pennsylvania Careers Created by Oil and Gas Industry
Posted on November 18, 2008
The nation’s oil and gas industry is creating many Pennsylvania careers.
According to a recent study, The Economic Impact of the Oil and Gas Industry in Pennsylvania, Pennsylvania’s oil and gas industry is a great direct and indirect contributor to the economy, generating more than $7.1 billion in economic output each year. The study was prepared by the Pennsylvania Economy League of Southwestern Pennsylvania, an affiliate of the Allegheny Conference on Community Development, at the request of the Marcellus Shale Committee.
According to an article by Market Watch, the study states the oil and gas industry employs 26,500 workers, as well as additional full and part-time jobs in other industries for each job created in the oil and gas industry.
“The oil and gas industry is fueling the economy in Pennsylvania in urban and rural areas and nearly every one of our 67 counties,” Kathryn Zuberbuhler Klaber, executive director of the Pennsylvania Economy League of Southwestern Pennsylvania and executive vice president of the Allegheny Conference on Community Development, said in the article.
The study itself makes several important points about the state’s oil and gas industries, including:
Pennsylvania has long had success with the oil and gas industry since the drilling of the world’s first commercial oil well in Titusville in 1859, and western Pennsylvania was the site of the world’s first oil boom.
“Not only is oil and gas a historically solid industry for Pennsylvania, it’s an industry that’s growing,” Rich Weber of Atlas Energy and co-chair of the Marcellus Shale Committee, said in the article. “The Economy League’s report identifies that from 2000-2007, the number of new oil and gas wells drilled in Pennsylvania has tripled, representing an investment of more than $1.2 billion in this industry.”