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INGAA Jobs-Economic Benefits One Pager

INGAA Jobs-Economic Benefits One Pager

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Published by: danxmcgraw on Feb 17, 2012
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08/23/2013

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The INGAA Foundation Inc.
Jobs & Economic Benefits of Midstream Infrastructure Development:US Economic Impacts through 2035
Midstream infrastructure – mainline pipelines,laterals, processing plants, gathering lines,compression and storage – is essential tobringing domestic natural gas, natural gas liquidsand oil production to households, businesses,industrial customers and electric powergenerators. The shale revolution that hastransformed the North American natural gas andoil resource base in the past five years can berealized only with the construction of midstreaminfrastructure.Numerous studies have looked at the economicbenefits of developing American oil and naturalgas. This study, completed by Black & Veatch forThe INGAA Foundation Inc., is the first tohighlight the economic benefits – jobs, laborincome, value added, economic output andfederal, state and local tax generation – of constructing, operating and maintaining themidstream infrastructure needed to transportdomestic energy.The new report is based on data compiled in theINGAA Foundation’s
North American MidstreamInfrastructure through 2035 – A Secure Energy Future
study, completed by ICF International in2011.That study found that, in 2010 dollars, naturalgas midstream infrastructure capital investmentin the U.S. and Canada for the next 25 yearswould total over $205 billion with an additional$46 billion in capital investment for NGL and oilpipeline infrastructure.The investment will fund an average of 2,000miles of new natural gas transmission lines andlaterals to be added each year through 2035 incombination with more than 200,000horsepower of compression, 24 billion cubic feetof natural gas storage capacity and 1.3 Bcf perday of annual natural gas processing capacityadditions. In addition, 1,300 miles of oil and NGLtransmission pipeline also would be constructedeach year, on average.Infrastructure growth will be necessary toaccommodate escalating domestic productionand growing demand, particularly for natural gasin power generation. In the new INGAAFoundation study, Black & Veatch converted thecapital investment projections to 2011 dollars,limited the scope of investment to only U.S.Lower 48 states and offshore Gulf and calculatedthe jobs and economic impact of the investment.
NATURAL GASINVESTMENT PLUSO&M IMPACTS OILINVESTMENTPLUS O&MIMPACTSNATURAL GAS LIQUIDS(NGL) INVESTMENT PLUSO&M IMPACTSTOTALInvestment $190.3
 
$22.7 $16.1
 
$229.1
Avg. AnnualEmployment 
 
103,029
 
12,659
 
9,651
 
125,339Income
 
$140.6
 
$17.3
 
$13.2
 
$171.1Value Added
 
$214.3
 
$26.3
 
$20.1
 
$260.7Output 
 
$420.4
 
$51.7
 
$39.4
 
$511.5State and LocalTaxes
 
$16.5
 
$2.0
 
$1.6
 
$20.1Federal Taxes
 
$30.3
 
$3.7
 
$2.8
 
$36.8
US Midstream Investment Impact Summary
 
(Cumulative Impacts in Billions of 2011 Dollars, Employment is Average Annual Jobs Supported)

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