Energy and Natural Resources
Energy development is of particular importance to the state because of the associated capital investment, job creation and revenue. Development in this industry contributes to Utah’s historically low energy costs, providing a foundation for success across all industrial sectors statewide.
Energy is a $20.9 billion industry in Utah, generating $656 million in state and local revenues. In 2015, the energy and natural resources accounted for 830 establishments and 16,143 jobs.
Currently, more than 98% of the energy produced in Utah is derived from oil, gas and coal, but unconventional and renewable energy resources provide significant potential for growth. Utah landed among the top 10 states for solar energy development for the first time in 2015. In just one year, Utah’s cumulative solar capacity grew fourteen-fold.
In 2011 the Utah State Legislature created the Office of Energy Development (OED), whose role is to promote and advance the responsible development of the state’s energy resources. Please visit the Governor’s Office of Energy Development’s website for more detailed information on energy development in Utah.