AQUA BOOK 2015 - Page 25

As opposed to the conventional input-output-based approach in impact studies, Lee (2015) has looked at the economies of all counties in Texas during the period between 2009 and 2014, with a focus on the counties above the five individual shale plays. He used different econometric models to estimate the impact of oil and gas wells in a county on local employment and income earnings. Employment Growth 2009–2014 OIL IMPACTS Source: Bureau of Economic Analysis. The following is a summary of the findings: • In the absence of oil and gas activity, a typical Texas county would have less total employment and income in 2014 than in 2009. • Local economic impacts vary across the Texas shale regions: Oil and gas wells generated the greatest impact on local employment among Eagle Ford counties, and they generated the greatest impa