WEA study cites lost benefits from delayed Utah, Wyoming projects

Twenty-two proposed Utah and Wyoming oil and gas projects where 44,289 wells would be drilled potentially could annually support 120,905 jobs paying $8 billion in wages, generate $27.5 billion of economic activity, and produce $139 million of government revenue, a study funded by the Western Energy Alliance concluded. The projects’ total economic impact over their anticipated 10-15 year lifespan is an estimated $383.5 billion, it said.

Most of the wells, 30,789, are proposed in National Environmental Policy Act documents that have been under review for more than 2 years, the study by SWCA Environmental Consultants noted. WEA said as it released the study, “Many of these were begun over 5 years ago, delaying projects for years past the usual processing times."

Outstanding projects delayed for more than 3 years in the 2 states represent 22,835 proposed wells, or about 1,631 wells/year, the study said. “Federal government delays to these projects are preventing the creation of 64,805 jobs, $4.3 billion in wages, and $14.9 billion in economic impact every year,” it said.

“Government delays during the environmental analysis phase are preventing significant job creation and economic activity,” said Kathleen Sgamma, WEA’s vice president of government and public affairs.

The Denver-based regional association of independent producers’ members know first-hand how difficult it is to operate on public lands, Sgamma observed. “Federal policies discourage domestic oil and natural gas production, and put the West at a disadvantage compared to other regions of the country without a preponderance of public lands,” Sgamma said.

Contact Nick Snow at nicks@pennwell.com.

Related Articles

Market watch: Energy futures prices rose slightly Friday

05/06/2002 Crude oil futures prices rose slightly Friday amid lingering uncertainty about a possible disruption of Middle East supplies, although tensions in ...

Gulf of Mexico oil service sector showing signs of an upturn

05/06/2002 The Gulf of Mexico oil service sector is experiencing the signs of an upturn, analysts with Simmons & Co. International, UBS Warburg LLC, and RBC D...

OTC: Industry, national agencies need to work together to make FPSOs work in the gulf

05/06/2002 Over the coming years, the oil and gas industry will have to keep an open line of communication with national agencies such as the US Coast Guard a...

Market watch: Energy futures prices fall as Iraq lifts embargo

05/07/2002 Crude oil futures prices fell Monday after Iraq announced plans to lift a self-imposed export embargo with exports expected to resume by Wednesday.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected