New shale gas opportunities in the U.S. are no secret. Everywhere we turn, someone is talking about the impact of Marcellus, Bakken and the other big plays.
This week, in the first of three studies, IHS revealed the economic contributions of shale gas in terms of jobs, economic value and government revenues through 2035. The study also showed broader macroeconomic impacts on households and businesses.
The numbers are staggering, and we thought you might find the key findings interesting:
- In the last year, shale gas grew from 27 to 34 percent of total U.S. natural gas production. It will jump to 43 percent by 2015 and to 43 percent by 2035.
- In 2010, 600,000 jobs were attributed to the shale gas industry. The number will swell to nearly 870,000 by 2015 and 1.6 million by 2035.
- Nearly $1.9 trillion in cumulative capital investments are expected between 2010 and 2035, with $48.1 billion of this occurring over the next few years.
- Shale gas added $76.9 billion to the U.S. gross domestic product (GDP) in 2010. In 2015 it will be $118.2 billion and $231.1 billion in 2035.
Download the complete IHS study at IHS.com.