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    INDUSTRY

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Utah's oil and gas industry is a critical piece of the economic and social fabric of the State of Utah. From quality employment, economic development, tax revenues to federal, state and local governments, and royalty revenue to Utah citizens and its Permanent School Trust Fund, Utah's petroleum industry is integral to the quality of life we live in our beautiful State. Oil and gas and their related products touch every aspect of our modern lives. We fuel your vehicles, heat your homes and provide the petrochemical building blocks that go into your clothes, cell phone, computer, recreational equipment and thousands of other every day items we all use and depend upon. We do this while respecting and protecting Utah's environment and beautiful landscapes through continued investment in people and technologies that allow us to work cleaner and to tread more lightly on the land.

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Statistics

UPA compiles and maintains up-to-date statistics on the key markers related to Utah oil and gas production, exploration, drilling, tax and royalty revenues and economic impact to the State and local governments.

History

Utah has a long, rich history of oil and gas development. From very early on, Utah’s pioneer ancestors realized that oil and natural gas resources were prevalent across the State.

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Exploration

Over the past 125 years, oil and gas companies and prospectors have drilled more than twenty-two thousand wells in Utah in hopes of striking it rich.

Production

Utah is a significant producer of both oil and natural gas with the prospects to play an even bigger role nationwide.

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Midstream

The midstream sector of the oil and gas industry is made up of companies involved in gathering, processing, transportation, and marketing of natural gas, natural gas liquids (NGL), condensate and crude oil.

Refining

Crude oil produced in Utah and surrounding states is refined in the Salt Lake area to produce products we use every day in our own lives.

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Fuels Marketing

Almost all Utahns interact often with a fuel marketer. These local gas stations can be independently owned and operated or part of a national chain.

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Statistics

UPA compiles and maintains up-to-date statistics on the key markers related to Utah oil and gas production, exploration, drilling, tax and royalty revenues and economic impact to the State and local governments.

My Image

Utah has a long, rich history of oil and gas development. From very early on, Utah’s pioneer ancestors realized that oil and natural gas resources were prevalent across the State.

My Image

Exploration

Over the past 125 years, oil and gas companies and prospectors have drilled more than twenty-two thousand wells in Utah in hopes of striking it rich.

My Image

Utah is a significant producer of both oil and natural gas with the prospects to play an even bigger role nationwide.

My Image

The midstream sector of the oil and gas industry is made up of companies involved in gathering, processing, transportation, and marketing of natural gas, natural gas liquids (NGL), condensate and crude oil.

My Image

Crude oil produced in Utah and surrounding states is refined in the Salt Lake area to produce products we use every day in our own lives.

My Image

Almost all Utahns interact often with a fuel marketer. These local gas stations can be independently owned and operated or part of a national chain.

    • As of 2015, Utah ranks 11th nationally in oil production and 12th among states in natural gas production.
    • There are currently 141 operating refineries in the United States with 5 located in Utah. Utah refineries produced over 36 million barrels (1.5 billion gallons) of motor gasoline in 2015 and over 19 million barrels (798 million gallons) of distillate fuel (diesel).
    • Well completions in Utah (both oil and gas) have declined dramatically over recent years as commodity prices plummeted and have stayed low. There were 1243 completions in 2008, 925 in 2014 and only 305 in 2015.
    • Duchesne (46%), Uintah (34%) and San Juan (12%) Counties accounted for 92% of oil production in Utah in 2015. The balance was produced collectively from Sevier, Grand, Summit, Carbon and Emery Counties.
    • The ratio of oil wells drilled in Utah versus natural gas wells has shifted significantly over recent years as commodity prices have affected company's drilling programs. In 2008, only 28% of wells drilled were for oil while in 2014, 76% of all wells drilled were primarily seeking oil.
    • Wages for energy-related jobs are nearly double the average annual wage for all employment in Utah.
    • In 2015 petroleum products and natural gas accounted for 59% of total energy consumed in Utah. Coal was responsible for 38% while all renewables combined made up 3% of energy use.
    • Utah refineries received record amounts of crude oil in 2014 and only slightly less in 2015, with 43% coming from in-state and 8% coming from Canada.
    • Fossil fuels made up 98% of Utah’s total energy production in 2015, while renewable sources accounted for only 2% of Utah’s production portfolio.
    • Property taxes charged against Utah oil and gas activities have increased more than six times since 1996, totaling nearly $64 million in 2015.
    • The value of crude oil produced in Utah reached an all-time inflation-adjusted high of $3.2 billion in 2014, but then dropped to only $1.5 billion in 2015 as commodity prices sank.
    • Natural gas production in Utah reached a record high in 2012 of 491 billion cubic feet, but has since dropped to 423 billion cubic feet in 2015.
    • Oil and gas operations in Utah account for about 1.3% of the State's gross state product. Utilities (including some non-energy sectors), refineries, and pipeline transportation and maintenance account for an additional 1.9%.
    • The last major refinery built in the United States was put into operation in 1977.
    • Utah’s average price of residential natural gas in 2015 was $9.72 per thousand cubic feet, the 17th lowest in the nation. As recently as 2011, Utah’s price was the third lowest in the nation, but new natural gas pipelines have better connected our once captive market with the rest of the United States.
    • Natural gas is the largest source of annual energy production in Utah, surpassing coal for the first time in 2010.
    • In 2015, 76% of the electricity generated in Utah was from coal-burning power plants. Electricity generation from natural-gas power plants more than doubled since 2007, increasing its total share in 2015 to 19%.
    • Utah produced 18% more energy than it consumed in 2015, continuing its status as a net-energy exporter. This percentage is usually closer to 30%, but production of fossil fuels was significantly down in 2015.
    • Energy-related employment in Utah declined to 15,367 in September of 2015 (down 16% from the 18,236 recorded in October 2014 prior to the oil price crash), of which the majority (30%) came from the oil and gas sector.
    • Average yearly wages in the energy sector ($83,400, first three quarters of 2015) are more than double the statewide average annual wage ($41,500, first three quarters of 2015).

UPA's voice is strengthened by companies like yours joining forces with us to work towards maintaining and improving Utah's favorable business climate.

Thanks to UPA's Chairman's Circle Sponsors

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