July 19, 2009

The Structure and Economic Impact of Utah's Oil and Gas Exploration and Production Industry



The Bureau of Economic and Business Research prepared this study for the Public Lands Policy Coordination Office applying the REMI model to develop economic impacts under three long-run trend scenarios for oil and gas production for the Uinta Basin and the State of Utah. These long-term simulations abstracted from short-term business or resource cycle fluctuations and instead identified the long-term trends as impacts on employment, personal income, earnings, population, local government revenues, and state government revenues were calculated out to 2038. The three long-run trend scenarios were the reference case, low-growth, and high-growth. The low-growth scenario would support Uinta Basin population growth of 19,658, the reference case would support growth of 25,834, and the high-growth case would support an additional 17,015 people. Assuming steady production, the low-growth case would grow statewide population by 32,665, the reference case would support growth of 47,622, and the high-growth case would support an additional 28,035 people in Utah.

Bureau of Economic and Business Research – The Structure and Economic Impact of Utah’s Oil and Gas Exploration and Production Industry [full PDF]