(Fargo, ND) -- A new study shows the significant impact the oil and gas industries continue to have on North Dakota's economy.
"53 cents out of every dollar collected by the state has come from oil and gas production tax. So those are big numbers and good for all of us in North Dakota," said Ron Ness,
President of the North Dakota Petroleum Council.
Ness commented on the biannual study performed by researchers at NDSU. The study also found the oil and gas industry accounted for more than $42.6 billion dollars in gross business volume, nearly 50,000 jobs and $3.8 billion in state and local tax revenues. The numbers are for 2021, the most recent year for which data is available.
While playing an outsized role in the state economy, the oil and gas industries, like most others, is having a hard time hiring workers.
"There are just incredible stories out there about, man are we struggling to find and retain people in western North Dakota and it is a huge challenge," said Ness.