Report: Petroleum industry backs 47,000 jobs in Michigan counties

michigan-oil-rigThe oil and gas industry is credited with more than $47,000 jobs and more than $13 billion in economic activity in Michigan, according to a recent report by a Lansing research firm.

Michigan’s Oil and Natural Gas Industry: Economic Contribution,” released by Public Sector Consultants, Inc. in May, found that oil and/or natural gas were produced in 62 of Michigan’s 83 counties, and that the industry had economic effects in 82 counties.

“Employment  in  the  Michigan oil  and natural  gas  industry  has  doubled  since  2005,  from  11,089 jobs  to 22,781 jobs. Jobs are forecast to increase an additional 46 percent over the next ten years, although the outlook for employment will be weaker if the recent drop in oil prices is sustained,” the report stated.

To see the economic effects on your county, click here.