Energy Development in Utah
June 11, 2014Tags: business, conservation, development, economic growth, economy, Efficiency, energy, income, innovation, Jobs, natural gas, oil, production, renewables, resources
Utah is a national leader for energy production ranked 10th in natural gas production, 11th in crude oil production, 14th in coal production, and 1st recoverable oil shale and oil sand reserves. This past year alone, energy development generated roughly $600 million in state and local revenues, with $70 million going directly to support education. Energy jobs pay nearly twice the state’s median income and our energy sector accounts for more than 18,000 jobs and $1.5 billion in wages per year.
While Utah is blessed with an abundance of energy resources, we also have a responsibility to protect our stunning vistas and venues. All Utahns can be proud of the balanced approach we take to energy development, conservation and efficiency
The energy challenges of the future are real, and they will be overcome by the ability to innovate, more so than by the ability to regulate. I am confident the state of Utah will continue to be on the cutting edge of energy development today, and for years to come.
For more information, visit energy.utah.gov.