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Study: The Economic and Employment Contributions of Shale Gas in the United States

• Posted Feb 16

America's Natural Gas Alliance recently released a study conducted by IHS Global Insight on the economic and employment contributions of shale gas in the United States. Here are some of the key findings.

Key Findings (as outlined on page V of the report):

A significant portion of the future growth in US natural gas productive capacity is expected to come from shale gas. Increased shale gas activity will contribute to increased capital investment and job opportunities:

• By 2010, shale gas had grown to 27% of total US natural gas production, and by September 2011, it had reached 34%.
• By 2015, that share will grow to 43% and will more than double, reaching 60%, by 2035.
• Nearly $1.9 trillion in shale gas capital investments are expected between 2010 and 2035.
• Capital expenditures are especially strong in the near future, growing from $33 billion in 2010 to $48 billion by 2015.
• In 2010, the shale gas industry supported 600,000 jobs; this will grow to nearly 870,000 in 2015 and to over 1.6 million by 2035.

For more findings, and to view the full report, click here. For the latest news in natural gas and all things energy follow @ANGA and @EnergyNation on Twitter.

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