TIPRO's 2013 State of Energy Report:

 

Press release

Executive summary

How domestic oil and gas development supports the economy

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State Of Energy




TIPRO's 2013 "State of Energy Report"

The Texas Independent Producers & Royalty Owners Association is proud to release its inaugural "State of Energy Report," which offers a detailed analysis of national and state trends in employment and wages by the oil and gas industry. The report covers the leading ten states in the country, as well as provides an unbiased overview of the national oil and gas industry as well.



National Key Findings
  • The U.S. oil and gas industry employed more than 971,200 in 2012, up 7 percent or 64,800 from 2011.
  • The oil and gas industry paid a national annualized average wage of $107,200 in 2012, more than 119 percent more than the national average private sector wage of $48,900.
  • U.S. wages in the oil and gas industry were up nearly 5 percent in 2012, from $102,200 in 2011, adjusted for inflation.
  • Payroll in the oil and gas industry was $104 billion in 2012, up by 12 percent, adjusted for inflation.


State Key Findings
  • Texas led the nation in oil and gas jobs, with more than 379,800 people employed by the industry, representing 39 percent of all oil and gas jobs nationwide in 2012. This also represented 4.3 percent of total employment in the state of Texas itself.
  • Oil and gas jobs in Texas also paid on average 150 percent more than the average private sector job in Texas, $128,100 compared to $51,400 in 2012.
  • Louisiana’s oil and gas industry ranked second by employment with 81,400 jobs.
  • Oklahoma (74,600), California (46,400), and Pennsylvania (34,900) rounded out the remaining top five states by oil and gas employment in 2012.
  • California was the leading state by oil and gas wages with an average annualized wage of $143,700, followed by Texas at $128,100 in 2012.


Additional national and state data related to employment, wages, payroll, and other economic factors by the oil and gas industry can be found by downloading the full TIPRO "State of Energy Report."

To access the report, below please enter your name, company and email address. Once the information is entered, click submit and a link to download the report will be emailed to you.



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