> 2011 Proved oil reserves: 423 million barrels The outer continental shelf offshore of Louisiana produced 422.62 million barrels in 2011, far more than either Texas or California, the only other states with offshore wells. According to Exxonmobil, The refinery is the second-largest employer in the state. The largest of these refineries, Exxon Mobil Corp's Baton Rouge, processes about 503,000 barrels per day and is the fourth largest oil refinery in the United States. Louisiana, which has the 10th-most proved oil reserves in the country, has 19 refineries with the capacity to process 3,273,020 barrels per day - second only to Texas in capacity. > 2011 Proved oil reserves: 417 million barrels Unemployment rates are from the Bureau of Labor Statistics, and are as of June. We also referenced the industry's contributions to employment from PricewaterhouseCoopers' report, "The Economic Impacts of the Oil & Natural Gas Industry On The Economy In 2011." Operating refinery and daily refining capacity are as of January 1, 2013.
We also reviewed industry employment data from the U.S. Reserves figures are as of December 31, 2011, the most recent date for which there is available data. reviewed proved oil reserves data from the U.S. To identify the states with the most oil reserves, 24/7 Wall St. As of June, the unemployment rate in these states was below the national average rate in nine of the 10 states. Because of the Bakken Shale boom in North Dakota, the state's unemployment rate was just 4% in October, 2009, when the national jobless rate was 10%. These oil industry jobs and wages helped many of these states endure the recent recession relatively well even as the rest of the country went through severe unemployment. In Alaska, the median worker in the extraction industry earns more than $85,000.
In the oil-rich states, the median pay in these positions is even higher. Nationally, the median pay in related occupations is $56,587 compared to a national median wage of $32,096. Workers in the oil and gas industry are very well paid. In six of these states oil and gas accounted for more than 10% of all jobs in 2011, according to PricewaterhouseCoopers. The increase in jobs and the influx of people to these areas are also creating many more jobs in other industries to support these workers. However, these are just the actual jobs in the industry. In Wyoming, 8.5% of all jobs are in mining, quarrying, oil and gas extraction. All but one of the most oil-rich states are in the top 15 for these types of jobs. Texas, California, Oklahoma, and Louisiana alone have a capacity of more than 10 million barrels per day.Īs might be expected, a high proportion of the jobs in these states is in the oil and gas industry, much higher than the national average of 0.5% of jobs. The national refinery capacity is roughly 16.7 million barrels per day. Of the nation's 139 operating refineries, 89 are located in these states. These states process the vast majority of the oil refined in the U.S. Energy Information Administration's data on proved oil reserves by states, these are the most oil-rich states in the country. In many of these states, the oil industry is a major part of their economies. reserves as of the end of 2011, with roughly a third of this in Texas alone - just over 7 billion barrels. Ten states accounted for roughly 94% of all onshore U.S.
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