Michigan's oil and gas industry drives Michigan's economy and a new impact study conducted my Public Sector Consultants illustrates that fact with abundant clarity.
According to the study, commissioned by the Michigan Oil and Gas Association, Michigan’s oil and natural gas industry creates tens of thousands of jobs and billions of dollar of income for Michigan residents.
In 2014, 62 of Michigan’s 83 counties produced oil and/or natural gas, and historically, 65 of Michigan’s counties have had production. Of Michigan’s 83 counties, 82 have economic activity resulting from the presence of the oil and natural gas industry.
Oil and natural gas economic activity generates hundreds of millions of tax dollars for Michigan governments including cities, villages, townships, and schools. Royalties paid on oil and natural gas extracted from state land help to support public outdoor recreation in Michigan through the purchase and development of land for outdoor recreation and by providing operating support for state parks. Royalty and lease payments relating to oil and natural gas on private lands are an important income source for thousands of Michiganders.
To view the full report, DOWNLOAD THE PDF HERE.
For a county-by-county look at the economic impacts of Michigan's oil and gas industry, DOWNLOAD THE PDF HERE.