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The response of employment to changes in oil and gas exploration and drilling

Jason Brown ()

Economic Review, 2015, issue Q II, 57-81

Abstract: Oil prices declined significantly during the summer of 2014, leading to a subsequent decline in energy exploration and drilling. By the end of April 2015, rig counts were down 49 percent. In the past, these declines have disproportionately affected the economies of oil- and gas-producing states, decreasing statewide employment and inducing “regional recessions.”

Keywords: Oil; Gas; Oil prices; Oil and gas explorations (search for similar items in EconPapers)
Date: 2015
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