Which state has the most oil and gas development?
A new report finds that Alaska has the highest number of oil and natural gas development projects in the country.
The study by the non-partisan Congressional Research Service (CRS) finds that all of the state’s oil and energy projects are being funded with money from oil and coal, gas and oil and mineral leasing, as well as federal grants.
Alaska has had more than $4.6 billion of oil drilling and fracking activity since 2006, according to the CRS study.
The report found that the number of energy and mining projects has increased from nearly 2,400 in 2006 to 3,858 in 2017, a 6.4 percent increase.
Alaska’s oil production has grown by 9.6 percent since 2006.
“Oil and gas are the next big thing in the U.S. economy, and the state is the leader in the development of new oil and other natural gas resources,” said John P. Liss, executive director of the CRC.
“The development of oil is essential to U. S. economic growth.
Alaska is a leader in this industry.”
The study found that nearly all of Alaska’s drilling rigs and drilling platforms have a net value of more than half a billion dollars, up from about a third of the total in 2005.
Alaska oil production is expected to reach 6 million barrels per day by 2025, up about 30 percent from 2014, according the CWS report.
Alaska, which was the second-largest oil producer in the nation, is home to more than 40,000 oil and geothermal resources.
The state’s economic impact is projected to be $6.3 billion by 2035, the CCR report said.
Alaska residents are still reeling from the spill at the Three Mile Island nuclear power plant in March 2011, which spewed radioactive waste into the atmosphere.
That disaster also affected the state economy and led to the closure of three oil companies, the state lost a total of $2 billion, and there were 1,300 job losses, according a CNN analysis.