Pennsylvania Energy Profile
Pennsylvania has historically been one of the country’s most important energy producers. It is home to the world’s first commercial oil well, first commercial natural gas well, and the nation’s first commercial nuclear power plant.
Pennsylvania’s oil and natural gas industry has long been a vital part of local communities across the Commonwealth, providing jobs and economic growth. Growth in natural gas has accelerated in recent years due to innovations in oil and gas extraction. Using hydraulic fracturing technology, the number of wells has increased to 14,599 over the past ten years, with 8,260 still under development. The Keystone State is home to both the Marcellus Shale formation, which covers much of the state and has been producing since 2004, and the Utica shale formation in the northwest corner, which began producing in 2012. This access to natural gas has resulted in significant new opportunities and infrastructure plans, including pipelines, processing plants, manufacturing and a resurgence of the steel industry.
Pennsylvania also ranks among the nation’s leaders in coal production and consumption, and is a major nuclear power generator. Energy is driving the state’s economy, which has a promising future unless government restrictions get in the way.
ENERGY POWERS THE PENNSYLVANIA ECONOMY:
The energy sector employs 142,586 people, or 2.6% of all jobs in the state.
By 2020, shale energy extraction could bring an additional 220,635 jobs and $26.7 billion in economic growth to the state.
In 2012, Marcellus shale production made Pennsylvania the fastestgrowing natural gasproducing state.
The average annual wage for an energy job in Pennsylvania is more than 60% higher than the average wage for all occupations.
Pennsylvania by the Numbers
- 6thHighest share of US GDP (3.9%)
- 6thHighest Total Population
- 4thHighest Coal Production
- 19thHighest Crude oil Production
- 2ndHighest Electricity Production
- 3rdHighest Energy Production
- 3rdHighest Marketed Natural Gas Production
- 2ndHighest Nuclear Power Production
- 17thHighest Renewable Electricity Generation
- 34thMost Affordable Retail Price for Electricity