Oil/Gas Economic Surge Lifts US Household Income in 2012

Oil and GasUnconventional oil and gas production has increased disposable income by an average of $1,200 per U.S. household in 2012 as savings from lower energy costs were passed along to consumers in the form of lower energy bills as well as lower costs for all other goods and services. That figure is expected to grow to just over $2,000 in 2015 and reach more than $3,500 in 2025, a study by IHS says.

Here’s an interesting map showing where the Shale gas boom is concentrated across the US. Texas, New York, Pennsylvania, West Virginia, and Arkansas have some of the largest concentrations.

Paragon Financial has been providing oil and gas industry financing since 1994.  We work with a variety of oil/gas suppliers’ water haulers, frac sand haulers, roustabouts, vacuum trucks. Additionally, we also work with environmental cleanup, excavating / dirt work, tank cleaners, pressure washing as well as component manufacturers, inspection services, flow backtesting, gravel pit suppliers, and rig movers.

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