20 Jul New Analysis: Natural Gas and Oil Industry Critical to West Virginia’s Post-Pandemic Recovery
CHARLESTON, WV, July 20, 2021—The American Petroleum Institute (API) today released a new analysis of the natural gas and oil industry’s vast economic impact on West Virginia’s economy and highlighted its importance to the state’s post-pandemic recovery. The study, prepared by PricewaterhouseCoopers (PwC) and commissioned by API, is based on the latest government data available and shows that West Virginia’s natural gas and oil industry supported 82,000 total jobs across the state’s economy in 2019. West Virginia ranked among the highest states for the percentage of total economic contributions by the natural gas and oil industry, generating $11.2 billion toward the state’s gross domestic product—including $5.2 billion added to total labor income.
Source: American Petroleum Institute
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