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Energy

The State of Utah boasts one of the least costly and most stable energy supplies in the nation. Offering a combination of traditional energy resources coupled with renewable resources, Utah is leading the way toward energy independence.

Beyond Traditional Energy Resources

Utah has a rich source of unconventional energy resources, including oil shale, oil sands and uranium. The state is also moving forward with many renewable energy initiatives.

Oil Shale:

  • The greatest known deposits of oil shale in the world are found in the Green River Formation in the Uintah Basin in Northeastern Utah (including parts of Wyoming and Colorado).
  • 77 billion barrels of oil located in Utah’s oil shale could be potentially economically extracted. (Utah Geological Survey)

Oil Sands:

  • Most of the United States’ oil sand resources are concentrated in Eastern Utah in the Uintah Basin.
  • Utah’s oil sands are estimated to contain 15 billion barrels of recoverable oil. (Utah Geologic survey)

Uranium:

  • Utah is home to the nation’s only licensed and operating uranium mill in the U.S., located south of the community of Blanding, Utah.
  • Utah’s high-tech manufacturing industry is contributing to new nuclear technologies that have the potential to address many of the environmental and safety concerns related to nuclear energy generation.

Renewable Energy:

  • Utah was one of only six states included in the Department of Energy’s Solar Programmatic Environmental Impact Statement.
  • In 2014, Utah will see the commencement of construction on its first utility-scale solar project.
  • Utah boasts two successful utility-scale wind projects, a 19 MW project in Spanish Fork and a 306 MW project near Milford.
  • Utah is one of the nation’s only states to have a utility-scale geothermal resource, and currently is ranked No. 4 with respect to total geothermal production.

Moving Utah’s Economy Forward
Energy is a $4.7 billion industry in Utah, generating $587 million in state and local revenues.
Energy generates $69 million directly for education through the Utah School and Institutional Trust Lands Administration.
There are more than 17,000 direct energy jobs in the state. This does not count jobs in other industries that only exist because of the direct
energy jobs.
Energy is estimated to be 1.4 percent of Utah’s employment,
but 2.7 percent of the earnings.

Highlights

  • Utah’s electric power and natural gas rates are among the nation’s lowest.
  • Utah is a net energy exporter, exporting 31 percent of the energy that it produces. (Utah Geological Survey)
  • Governor Gary R. Herbert’s administration has developed a 10-Year Strategic Energy Plan to address energy independence and economic development needs.
  • Utah is endowed with abundant natural gas resources.
  • More than 98% of the energy produced in Utah is derived from oil, gas and coal.
  • Energy is conservatively estimated to be a $4.7 billion industry in Utah.

 

 

 

Utah’s Energy Production by the Numbers:

Utah has a rich history developing traditional fossil fuel energy resources. Today, state leaders have positioned Utah to continue its legacy as an energy producer, focusing on a combination of traditional and renewable energy resources.

Conventional Energy: Coal, Natural Gas, Oil
Coal:

  • Utah’s coal-fired power plants produce almost 80% of the electricity generated in Utah.
  • Utah has eight active coal mines producing approximately 20 million tons of coal annually.
  • Utah has approximately 15 billion tons of economically recoverable coal. (Utah Geological Survey)
  • Utah ranks 15th in the nation in the production of coal at 17 million tons in 2012.

 

Natural Gas:

  • At current rates of production, Utah has 18 years of gas or 7.8 trillion cubic feet. (Energy Information Administration)
  • Utah produces about twice as much natural gas as it consumes and exports a large amount of natural gas to surrounding states.
  • Utah ranks as the 10th largest onshore producer of natural gas in the country (2012).
  • Natural gas makes up approximately 45% of Utah’s total produced energy resources, and accounts for 27% of the energy consumed.

Oil:

  • Utah is estimated to have the 8th largest proven reserves among states.
  • At current rates of production, Utah’s 504 million barrels of reserves will last almost 20 years.
  • Utah has five refineries, with over 150,000 barrels per day of refining capacity for gasoline, diesel, jet fuel and related products.
  • In 2013, Utah ranked as the 11th largest producer of crude oil in the United States.
  • While Utah is an overall net exporter of energy, it imports approximately 56% of the crude oil processed here.

Beyond Traditional Energy Resources

Utah has a rich source of unconventional energy resources, including oil shale, oil sands and uranium. The state is also moving forward with many renewable energy initiatives.

Oil Shale:

  • The greatest known deposits of oil shale in the world are found in the Green River Formation in the Uintah Basin in Northeastern Utah (including parts of Wyoming and Colorado).
  • 77 billion barrels of oil located in Utah’s oil shale could be potentially economically extracted. (Utah Geological Survey)

Oil Sands:

  • Most of the United States’ oil sand resources are concentrated in Eastern Utah in the Uintah Basin.
  • Utah’s oil sands are estimated to contain 15 billion barrels of recoverable oil. (Utah Geologic survey)

Uranium:

  • Utah is home to the nation’s only licensed and operating uranium mill in the U.S., located south of the community of Blanding, Utah.
  • Utah’s high-tech manufacturing industry is contributing to new nuclear technologies that have the potential to address many of the environmental and safety concerns related to nuclear energy generation.

 

Renewable Energy:

  • Utah was one of only six states included in the Department of Energy’s Solar Programmatic Environmental Impact Statement.
  • In 2014, Utah will see the commencement of construction on its first utility-scale solar project.
  • Utah boasts two successful utility-scale wind projects, a 19 MW project in Spanish Fork and a 306 MW project near Milford.
  • Utah is one of the nation’s only states to have a utility-scale geothermal resource, and currently is ranked No. 4 with respect to total geothermal production.

Moving Utah’s Economy Forward

  • Energy is a $4.7 billion industry in Utah, generating $587 million in state and local revenues.
  • Energy generates $69 million directly for education through the Utah School and Institutional Trust Lands Administration.
  • There are more than 17,000 direct energy jobs in the state. This does not count jobs in other industries that only exist because of the direct energy jobs.
  • Energy is estimated to be 1.4 percent of Utah’s employment, but 2.7 percent of the earnings.