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Study: Alaska oil and gas supported about 70,400 jobs and $6.6 billion in wages in 2024
Summary
McKinley Research Group presented updated 2024 findings showing Alaska's oil and gas sector supported about 70,400 jobs and $6.6 billion in wages, paid roughly $3.5 billion in taxes and royalties in FY2024, and expects about $22 billion in near-term investments (excluding Alaska LNG).
Katy Berry, president of McKinley Research Group, told a legislative lunch-and-learn that Alaska’s oil and gas industry supported roughly 70,400 jobs in 2024 and about $6.6 billion in wages. “In total, in 2024, Alaska's oil and gas industry supported about 70,400 jobs in Alaska, and that was associated with $6,600,000,000 in wages,” Berry said.
Berry said those figures come from an economic-impact update the firm prepared using detailed information from 14 primary companies, special data requests to the Department of Labor and state fiscal data. The study counted about 4,500 workers directly employed by those primary companies in 2024, with about 75% of those jobs filled by Alaska residents, and measured the broader downstream effects of company spending via vendor contracts and state government revenue.
The presentation quantified industry spending and fiscal returns: in 2024…
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