For Immediate Release: April 4th, 2013
New Data Shows Continued Job Growth in the Oil Industry, Despite Claims to the Contrary
Dept. of Labor estimates 1,000 more jobs on Slope than last year at same time
JUNEAU – The Department of Labor just released preliminary numbers for oil and gas industry employment in February. Their report indicates there were 13,900 oil field jobs in February, 1,000 more than a year earlier.
“Contrary to what the public is being told, employment in Alaska’s oil patch is at an all-time high,” said Senator Bill Wielechowski. “The latest data from the Parnell Administration confirms that, since ACES passed, oil industry employment has steadily increased.”
Industry expenditures on the North Slope also continue to grow to record levels, rising 70% since 2007 from $3.7 billion to $6.3 billion. New projections from the Department of Revenue show continued growth in the years ahead. For fiscal year 2014, the Department forecasts $6.7 billion in spending and for fiscal year 2015, $6.8 billion.
Opponents of ACES frequently cite maintenance as the key driver in spending growth, though the Parnell Administration has stated that the majority of capital expenditure growth since 2007 is attributable to drilling, seismic and other production related projects.
This was confirmed in a recent report commissioned by The McDowell Group, which noted that “Rising employment (more than doubling since 2000) is primarily the result of new development activity (Pt. Thomson, Oooguruk, Nikaitchuq), increasingly labor-intensive and capital-intensive (on a per barrel basis) efforts to extract additional oil from mature fields, and Prudhoe Bay renewal activity.”
“Proponents of an oil tax roll-back keep trying to scare Alaskans into believing that Alaskans’ jobs are at risk and investment is falling,” Senator Wielechowski added. “Nothing could be further from the truth, according to data provided by the Administration itself.”
To see the latest job statistics from the Department of Labor, link here:
Note: The 5th row shows employment in the oil and gas industry.
To read the report from The McDowell Group, link here:
For more information, please call Michelle Sydeman at (907) 465-6881 or email at email@example.com