October 20, 2021
Economy

Study shows ‘vast economic impact’ of West Virginia’s oil, gas industries | WV News

CHARLESTON, W.Va. (WV News) — A newly released study commissioned by the American Petroleum Institute shows the “vast economic impact” of West Virginia’s oil and natural gas industries and highlights their importance to the state’s post-pandemic recovery.

The study, prepared by PricewaterhouseCoopers based on the latest federal data available, says the industry supported more than 82,000 total jobs across the state’s economy in 2019.

In 2019, the natural gas industry in the Mountain State generated $11.2 billion toward the state’s gross domestic product — including $5.2 billion added to total labor income.

As economic activity, travel patterns and consumption continue to grow during the post-pandemic recovery, the U.S. Energy Information…

Read full article here: www.wvnews.com