Natural gas is a critical component of America's energy supply, economic health and national security. Integral to the Texas state economy, the safe and responsible development of natural gas not only delivers clean, homegrown, abundant and affordable energy, but also provides good-paying jobs and hundreds of millions of dollars in revenue for communities nationwide.
According to a 2012 analysis by IHS Global Insight, the unconventional gas in Texas is responsible for:
Between 2010 and 2015, the top ten states producing unconventional natural gas - Arkansas, Colorado, Louisiana, Michigan, Ohio, Oklahoma, Texas, Utah, Wyoming and Pennsylvania - will experience a compound annual job growth rate of nearly 8 percent. During this time, total U.S. employment is expected to grow at a significantly lower rate of 1.6 percent during the same period.
Among the study's other key findings:
Beyond direct job creation, natural gas development positively affects the whole community through supply-chain industries and local revenue. This added revenue provides critical funding for state and local services, such as first responders and hospitals, as well as funding for municipalities and education services, including teachers, aides and support staff, and books. Economic expansion also benefits associated industries such as agriculture, hospitality and manufacturing, as well as Main Street businesses. In a companion study released in December, IHS estimated that the average American household will save $926 each year between 2012 and 2015 thanks to the affordable abundance of natural gas. These savings are estimated to increase to more than $2,000 per household in 2035.
Want more information? Visit the Texas Natural Gas Now website.