Ben Oakley, EconAlliance Board Member and Energy Initiative Co-lead, and Western States Petroleum Association’s Senior Manager for State and Coastal Issues, has provided EconAlliance with a new report by the Los Angeles County Economic Development Corporation (LAEDC): Oil and Gas in California: The Industry, Its Economic Contribution and Major User Industries in 2022. Please see the announcement below, where you will find a link to download the report.

As the third largest oil and natural gas producing region in the state, the Central Coast makes a significant impact on California’s oil and gas industry. In addition to the statewide information highlighted below, the LAEDC reports that in the Coastal Region, the oil and gas industry provides:

• 6,330 direct jobs
• $10.5 billion in total economic contribution
• $2 billion in state and local tax revenue
• $2 billion in wages and benefits to local workers

These numbers underscore how the success of oil and gas ripples through the broader economy right here on the Central Coast! Please contact me if you have any questions about the new LAEDC study.

Regards,

Ben Oakley
Senior Manager, State & Coastal Issues, WSPA