Utah Energy Flows
Energy is a $4.7 billion industry in Utah, generating $587 million in state and local revenues (including $69 million directly for education through the Utah School and Institutional Trust Lands Administration). There are more than 17,000 direct energy jobs in the state, and that number doesn’t include jobs in other industries that only exist because of the energy jobs. Over 98% of the energy produced in Utah is derived from oil, gas, and coal, but unconventional and renewable energy resources provide potential for growth.
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Energy production and use is a complex process involving imports, exports, and conversion of resources from one form to another. Lawrence Livermore National Laboratory has produced the diagram above in order to describe the complex interactions between energy production and use in Utah. Although this figure is based on data from 2008, it provides a good overview of the basis of Utah’s energy economy. From this figure, for example, we can see that coal is a major contributor to Utah’s energy portfolio, and that almost all of that coal is used for electricity production. It should be noted that this figure does not show how much Utah coal or natural gas was exported from the state, nor does it show the fraction of the oil that we use that was imported. Since 2008, renewable wind and solar resources have increased dramatically.
Utah Employment and Revenue
Energy is estimated to be 1.4 percent of Utah’s employment, but 2.7 percent of the earnings, implying an earnings rate that is 192 percent of other jobs in the state. Energy employment generated $1,362,801,701 in wages in 2012 (Source: Utah Department of Workforce Services). Energy production, transmission, and distribution for FY2012 generated state and local taxes, fees, and royalties of $587 Million. (Source: Office of Energy Development)
*Renewable electricity jobs are estimated using the JEDI model for operation of Utah’s wind facilities, and do not include solar installation.
Utah Energy Production
Utah is a net energy exporter, with total annual production of 1,138 trillion Btu. (Source: Utah Geological Survey)
Coal, crude oil, and natural gas collectively account for 98 percent of Utah’s primary energy production. (Source: Utah Geological Survey)
Utah Energy Balance
Utah is a net energy exporter, exporting 31 percent of the primary energy that it generated in 2011. In addition, Utah exported 27 percent of the electricity that it generated. (Source: Utah Geological Survey)
Utah Electricity Generation
Natural gas has significantly replaced coal for electricity generation in Utah since 2004. The dramatic decrease in total generation since 2008 as a result of many factors, including the economic recession. (Source: Utah Geological Survey)
Renewable electricity other than hydroelectric now accounts for three percent of Utah’s electricity generation. (Source: Utah Geological Survey)
Utah Crude Oil Production and Petroleum Product Consumption
Utah currently imports approximately 40 percent of the oil consumed in the state, although the imported fraction was almost 75 percent only a few years ago. Petroleum product consumption has roughly tracked population growth, while oil production has increased sharply since 2003.
Utah Energy Production Rank and Market Value
Utah ranked 15th in coal production, 11th in oil, and 10th natural gas production in 2012 (Source: Energy Information Administration). The combined market value of those energy sources and renewable electricity was $4.663 Billion in 2012. (Source: Office of Energy Development)
Utah Electricity and Natural Gas Prices
As of July 2013, Utah had the third lowest residential natural gas prices in the country.
As of August 2013, Utah’s industrial and commercial electricity prices were among the ten lowest in the country. Industrial electricity prices were 13 percent lower than the national average, and commercial prices were 19 percent lower. (Source: Energy Information Administration)
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