Jobs and Investments
More than 34,000 jobs are generated each year in Alaska by the oil and gas industry. These jobs are some of the best in Alaska, paying an average salary of $96,507 in 2004 (the highest of any sector in the state). By comparison, the statewide annual earnings average was $37,860.
In addition to employing thousands each year, the oil and gas industry makes significant investments in permanent facilities and infrastructure throughout Alaska. Over $50 billion has been invested in North Slope and Cook Inlet infrastructure alone, and each year the industry invests more than $1 billion to explore for new fields, increase production and improve technologies.
Oil and gas development provides over 34,000 high-paying jobs in Alaska every year.