Report: Mississippi could see 12,000 new jobs, $244M in annual revenue from eastern Gulf drilling

Eastern Gulf_Jobs-01By April M. Havens | ahavens@nullal.com
on November 20, 2014 at 4:49 PM, updated November 20, 2014 at 4:50 PM

Mississippi could gain more than 12,000 jobs and nearly $244 million per year in revenue by 2035 if areas of the eastern Gulf of Mexico now off limits to oil and gas exploration are opened, a new report says.

According to the report released by the American Petroleum Institute and the National Ocean Industries Association, investment in the state could hit $679 million per year by then.

The report, conducted by Quest Offshore Resources on behalf of the industry groups, said that spending could total $6 billion over the 18-year study period.

Full Story at Gulf Live