 |
| |
|
|
The Oil and Gas Industry employs more than 4,000 direct and 10,400 indirect
jobs in the state of Ohio.
|
|
|
|
The Oil and Gas Industry, via its multipliers, is responsible for $730 million per year in personal
income in the State of Ohio.
|
|
|
|
Ohio and its residents keep approximately $1 billion per year in state when buying locally-produced natural gas
and crude oil, and Ohio consumers collectively save $65 million per year in avoided
interstate pipeline transportation cost and the price reducing impact of having
local supplies compared to other parts of the country.
|
|
|
|
Last year, Ohio’s Oil and Gas Industry paid over $57.5 million per year in severance, property,
commercial activity, federal, state and local taxes. These taxes are used to fund many of the programs that benefit everyone in the state!
|
|
|
|
The Oil and Gas Industry generates approximately $1.5 billion in Gross State Product and a state-wide
output or sales of $3.1 billion per year.
|
|
|
|
Ohio’s Oil and Gas Industry generated royalty payments of over $126 million last year, and provided
an additional $75 million in “free” natural gas to landowners.
|
|
 |