Taylor Boden
Published: 2013-11-15
Total Pages: 35
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Utah energy and mineral companies produced an estimated gross value of $8.2 billion in energy and mineral commodities in 2012. On an inflation-adjusted basis, this is a $1.2 billion (12%) decrease from 2011, and a $1.9 billion (18%) decrease from the 2008 record high of $10 billion. Total energy production in 2012 was valued at $4.5 billion, including $2.5 billion from crude oil production, $1.3 billion from natural gas production, $0.6 billion from coal production, and $0.03 billion from uranium production. Nonfuel mineral production was valued at $3.7 billion, including $2.1 billion from base metal production, $1.2 billion from industrial mineral production, and $0.4 billion from precious metal production.