State Policy Updates

State Policy Updates

State-Level Policy Updates

Colorado

Colorado
Colorado is currently ranked seventh in domestic oil production and sixth in natural gas production and has just more than 53,000 active wells. PESA Member Companies directly employ more than 3,700 individuals in Colorado with high-paying manufacturing and technical jobs.

Louisiana

Louisiana
More than 50 PESA Member Companies have a presence in Louisiana, supplying equipment and services to refineries across the state. The energy sector in Louisiana is directly responsible for nearly 45,000 jobs in the state, not including the job multiplier for this industry which is projected at 4.4, meaning that for every job in this sector, an additional 3.4 jobs are created in other sectors.

New Mexico

New Mexico
The oil and gas industry in the Land of Enchantment provides nearly one-third of the revenue for New Mexico’s General Fund. The average salary is $71,505, more than $20,000 higher than the average New Mexico salary across all industries. The oil and gas industry contributes more than $11.3 billion to New Mexico’s economy or 14.2% of the state economy.

oklahoma

Oklahoma
For nearly 120 years, oil and gas has been produced in the Sooner State. In Oklahoma, one in five jobs is directly or indirectly supported by the oil and gas industry. The industry paid $2 billion in direct taxes in fiscal year 2015. PESA Member Companies directly employ more than 3,700 individuals in Oklahoma with high-paying manufacturing and technical jobs.

Texas

Texas
PESA Member Companies have a tremendous presence in the state of Texas, employing more than 54,000 individuals in nearly every corner of the state. The decision by Congress to repeal the oil export ban in 2015 has spurred an energy renaissance in the Permian Basin. In fact, the U.S. surpassed Russia in 2018 as the world’s top oil producer. The International Energy Agency predicts American oil — most of it from the Permian — will account for 80% of the growth in global supply over the next seven years.