July 1, 2008

Oil Industry Touts Jobs It Creates

By Elizabeth Bluemink, Anchorage Daily News, Alaska

Jun. 30--The oil industry wants to remind us how big it is in Alaska.

The Alaska Oil and Gas Association published a study today describing the number of jobs and the size of the payroll created by Alaska's oil and gas industry in 2007.

Here's some of the key findings unveiled at an Anchorage Chamber of Commerce luncheon today:

--The industry generated 12 percent of the state's private-sector jobs and 21 percent of private-sector payroll.

--Oil and gas activies in Alaska created 41,744 jobs (roughly 9 percent of all jobs in Alaska) -- and $2.4 billion in payroll (roughly 11 percent of total wages in Alaska).

--Oil company pay averages $12,737 per month, three-and-a-half times more than the statewide average wage of $3,627 per month.

--The industry employed 1,649 Anchorage residents, with total wages of $295 million.

The oil association hired two Alaska consulting firms -- Information Insights and the McDowell Group -- to produce the 62-page study.

The researchers' data sources included purchasing and payroll records for the major oil and gas companies, results from an electronic survey of oil and gas company vendors, and statistics from the Alaska Department and Labor and Workforce Development.

Find Elizabeth Bluemink online at adn.com/contact/ebluemink or call 257-4317.


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Copyright (c) 2008, Anchorage Daily News, Alaska

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