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Advancing Utah's Energy Future

Fracking study: Big benefits for local, state economies

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Amy Joi O’Donoghue, Deseret News

SALT LAKE CITY — One of the first and most comprehensive studies of its kind shows that the oil and natural gas boom in the United States produced significant economic benefits for the counties where the drilling happened, and the benefits were amplified in surrounding regions in states by as much as five times.

Performed by the National Bureau of Economic Research, a private, nonprofit and nonpartisan economic research organization, the study released Friday was funded by the National Science Foundation and looked at 3,082 counties over an eight-year period.

Utah was among the group of states in the study, which examined fracking’s impacts on employment, income and crime from 2004 to 2012. Researchers examined Bureau of Labor Statistics and IRS data, and pored through 24,646 county year reviews for each industry. (…)

For more, visit the Deseret News.