Oil Facts & Statistics
Kansas Oil Facts
The estimated wellhead value of Kansas Oil and gas production for 2000 was $3.046 billion. Over the past 40 years, the value of Kansas oil and gas production is comparable to the value of total statewide crop production as measured by the cash receipts of all the crops produced in the state.
Oil and/or Natural Gas is produced in 90 of the 105 Kansas Counties.
Kansas is the eighth largest producer of natural gas and tenth largest producer of oil in the United States.
Of the 37,462 producing Kansas oil wells, 97% made less than 15 barrels per day but produced over 74% of the oil in Kansas. One 15 barrel per day oil well provides enough fuel for 215 Kansans.
Kansas oil and gas is produced by approximately 3,000 operating companies that employ 5,900 people in the production process with an additional 17,028 people employed in related services.
Kansas oil and gas typically pays about $200,000,000 in severance and ad valorem property taxes, over 10% of its gross income.
The Kansas Petroleum Industry pays over $200,000,000 annually in royalty payments, most of which go to Kansas landowners.
United States Statistics
Oil provides about 40% of the energy Americans consume and 97% of our transportation fuels.
The U.S. oil industry employs nearly 1.5 million people.
The remaining recoverable U.S. oil may exceed 200 billion barrels - about 70 years worth at the current rate of consumption. Total world reserves may total 2 trillion barrels?
In 1994, the U.S. oil industry spent $10.6 billion to protect the environment - almost nine cents for each gallon of gasoline Americans buy.
Motorist pay an average of 42.4 cents per gallon in gasoline taxes. That's about $350 for every licensed driver per year.
Independent producers drill over 85% of all wells in the United States, account for 43% of the U.S. oil production and proved reserves and 60% of gas production.