The booming oil and gas industry in Texas now supports about 17 percent of jobs in the state, either directly or indirectly, according to a new economic analysis.

Total yearly economic benefits generated by the state’s oil and gas industry, along with related businesses, include $557.4 billion in total outlays, the study found. In terms of personal income, the benefits amount to $120.6 billion, according to the report, and the number of jobs the sector supports approaches 2 million, or one out of every six jobs in Texas.

 

 

 

Read the full article here
Source: Starlocalmedia.com

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *