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U.S. Gulf of Mexico Oil and Natural Gas Industry Economic Impact Analysis -- Briefing Paper

U.S. Gulf of Mexico Oil and Natural Gas Industry Economic Impact Analysis -- Briefing Paper

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Published by Energy Tomorrow
A briefing paper based on the June 2010 study by Quest Offshore Resources, Inc. (Quest), drawing on its proprietary database of suppliers of capital equipment and intermediate goods to Gulf of Mexico oil and natural gas operations, is able to bring primary data to bear on the issues of importance to this study. The oil and natural gas industry activity supports employment across a wide swath of industries in manufacturing and services, including oil and natural gas machinery, air and marine transport, legal and insurance services. This report builds out the entire value chain of oil and natural gas development and production in the Gulf of Mexico. It quantifies the capital investment and purchases of intermediate goods undertaken by the oil and natural gas industry, identifies linkages to supplying industries, and estimates both job creation and contribution to GDP associated with oil and natural gas development. A unique feature and strength of this study is the primary nature of the capital investment and spending data.
A briefing paper based on the June 2010 study by Quest Offshore Resources, Inc. (Quest), drawing on its proprietary database of suppliers of capital equipment and intermediate goods to Gulf of Mexico oil and natural gas operations, is able to bring primary data to bear on the issues of importance to this study. The oil and natural gas industry activity supports employment across a wide swath of industries in manufacturing and services, including oil and natural gas machinery, air and marine transport, legal and insurance services. This report builds out the entire value chain of oil and natural gas development and production in the Gulf of Mexico. It quantifies the capital investment and purchases of intermediate goods undertaken by the oil and natural gas industry, identifies linkages to supplying industries, and estimates both job creation and contribution to GDP associated with oil and natural gas development. A unique feature and strength of this study is the primary nature of the capital investment and spending data.

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Published by: Energy Tomorrow on Jul 11, 2011
Copyright:Attribution Non-commercial No-derivs

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11/09/2012

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