PESA represents a diverse global workforce of 1.3 million that generates more than $277B in annual revenue.
A new report from the Oil and Natural Gas Industry Labor-Management Committee found robust economic growth from industry investment in the five-state Marcellus shale region.
“A preliminary examination of employment data in states related to the Marcellus Shale Play … reveals that natural gas exploration has been a strong engine of job growth,” the researchers with the University of Illinois concluded.
The region’s labor hours for oil and gas, as well as related industry workers, shot up 40 percent between 2012 and 2013 alone, with $6.5 billion in construction and maintenance spending already pledged for this year, according to the study.
“This study quantifies the impact our industry is making domestically and the role we play in bolstering the U.S. economy,” said PESA President Leslie Beyer.