Extraction of oil/natural gas (Direct) 3,871 jobs (Indirect) 6,452 jobs
Drilling oil/gas wells 456 jobs 865 jobs
Support activities for oil/gas operations 1,622 jobs 3, 618 jobs
Petroleum Refineries 1,050 jobs 8,398 jobs
Transport by pipeline 500 jobs 1,586 jobs
TOTAL 7,499 jobs 20,920 jobs
The petroleum industry currently supplies $85 million a day in revenue to the U.S. Treasury via income taxes, royalties, rents and other fees. Second, industry is paying its fair share and more with an effective tax rate of 44.6 percent averaged over 2007-2012 - compared to 37.7 percent for retail, 25.6 percent for computer and peripherals and 21.3 percent for pharmaceuticals.
In 2012, the Oil & Gas Industry created 2.1 million jobs, contributed $283 billion to GDP, $74 billion to State & Federal Revenues. Last year, higher energy production resulted in the rise of household income of $1,200 per family.
More than 510,000 jobs in the western United States, with a payroll of more than $27 billion, depend on the petroleum industry.
2012 Board of Oil & Gas Conservation Annual Production Review
"Drill, Baby, Drill": Montana's Oil & Gas Reality
Intangible Drilling and Development Costs
Oil & Gas Tax Rates/Production Tax Comparison: MT vs. ND
Gasland Vs. FrackNation: The TRUTH about hydraulic fracturing
What Opportunity Looks Like
2012 Treasure State Journal
© 2010 Montana Petroleum Association, Inc.
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