Illinois oil production pumps billions of dollars into the Land of Lincoln’s economy and plays a particularly important role in the economic viability of many rural areas where production occurs. A recent RCF Economic & Financial Consulting analysis and IPRB review of the latest Illinois Department of Revenue data finds that the Illinois oil production industry:

  • Has directly and indirectly created 14,000 jobs
  • Is responsible for 4,000 direct jobs
  • Generates more than $3 billion in direct economic output each year
  • Generates $770 million in annual personal and business income
  • Provides royalty income for more than 30,000 people
  • Provides $330 million in annual Illinois tax revenue (and more than $700 million overall, including $380M in federal taxes)
  • Provided $89.2 million in ad valorem tax revenue from 2007-2017

 

The oil production industry is a major source of employment in several southern Illinois counties where production occurs, as illustrated in the following graphic:

Since major oil companies pulled out of the Illinois Basin in the 1980s, the Illinois oil production industry has been comprised almost entirely of small, locally-owned companies whose profits support the local economies where they live. Nearly half of workers in the Illinois oil production industry are independent owner/operators or independent contractors, while 83 percent of E&P firms with payroll have 10 or fewer employees. Anything but “Big Oil,” Illinois oil producers are our friends and neighbors.

White County Fact Sheet

(Oil industry support resolution | Carmi oil industry support resolution)

Marion County Fact Sheet (Oil industry support resolution | City of Salem oil industry support resolution)

Lawrence County Fact Sheet (Oil industry support resolution | City of Lawrenceville oil industry support resolution)

Crawford County Fact Sheet

Fayette County Fact Sheet (Oil industry support resolution)

Wabash County Fact Sheet ( Oil industry support resolution, City of Mt. Carmel oil industry support resolution)

Wayne County Fact Sheet

Clay County Fact Sheet (Oil industry support resolution)

Franklin County Fact Sheet (Oil industry support resolution)

Richland County Fact Sheet (Oil industry support resolution)

Clark County Fact Sheet

Jasper County Fact Sheet

Hamilton County Fact Sheet

Gallatin County Fact Sheet

Jefferson County Fact Sheet (Oil industry support resolution)

Washington County Fact Sheet

Illinois Oil Producing County Facts

8.45 Million Barrels of Annual Production
$89.2 Million in Ad Valorem Tax Revenue from 2007 to 2017
More than 4,000 Directly Employed

Adams Alexander Bond Boone Brown Bureau Calhoun Carroll Cass Champaign Christian Clark Clay Clinton Coles Cook Crawford Cumberland DeKalb DeWitt Douglas DuPage Edgar Edwards Effingham Fayette Ford Franklin Fulton Gallatin Greene Grundy Hamilton Hancock Hardin Henderson Henry Iroquois Jackson Jasper Jefferson Jersey Jo Daviess Johnson Kane Kankakee Kendall Knox Lake LaSalle Lawrence Lee Livingston Logan Macon Macoupin Madison Marion Marshall Mason Massac McDonough McHenry McLean Menard Mercer Monroe Montgomery Morgan Moultrie Ogle Peoria Perry Piatt Pike Pope Pulaski Putnam Randolph Richland Rock Island Saline Sangamon Schuyler Scott Shelby St. Clair Stark Stephenson Tazewell Union Vermilion Wabash Warren Washington Wayne White Whiteside Will Williamson Winnebago Woodford