Duchesne County, Utah. Duke University Energy Initiative Shale Public Finance II Workshop August 31, 2015

Transcription

1 Duchesne County, Utah Duke University Energy Initiative Shale Public Finance II Workshop August 31, 2015

2 Location Duchesne County Who has been to Utah? Who has been to Duchesne County?

3 Location The County starts at the west gate of the Uintah Basin and extends to it's heart.

4 Kings Peak, Duchesne, Utah State s highest mountain 13,528 ft Uinta Mountains Moon Lake Reservoir, Duchesne, Utah

5 Cirque Lake, Duchesne, Utah Rock Creek, Duchesne, Utah

6 Nine Mile Canyon Petroglyphs Wrinkles Road Overlook Nine Mile Canyon

7 Land Ownership The majority of the federally-owned ground is under the jurisdiction of the U.S. Forest Service (USFS) and the Bureau of Land Management (BLM). The state owned ground is primarily wildlife preserves with a portion under the jurisdiction of the Utah School and Institutional Trust Land Administration (SITLA). The private ground is primarily farm ground and grazing areas

8 Land Ownership 0.20% 10.06% 0.43% 13.82% 19.73% 0.18% 4.46% 2.59% 20.28% 27.86% 0.40% Private Utah Mitigation & Conservation US Forest State Park & Rec Ute Tribe Bureau of Reclamation Wilderness Water BLM Division of Wildlife Sitla Name Acres Sq. Miles Percent State Parks & Rec 3, % Bureau of Reclamation 4, % Utah Mitigation & Conservation 8, % Water 9, % SITLA 54, % Division of Wildlife 93, % Wilderness 289, % Ute Tribe 412, % US Forest 424, % Private 583, % TOTAL 2,093, , %

9 Population Duchesne Utah USA Year Population % Population % Population % , % 2,458, % 295,500, % , % 2,526, % 298,400, % , % 2,598, % 301,200, % , % 2,663, % 304,100, % , % 2,723, % 306,800, % , % 2,776, % 309,300, % , % 2,815, % 311,700, % , % 2,855, % 314,100, % , % 2,903, % 316,500, % , % 2,943, % 318,900, % In 2013: Source: U.S. Census Bureau The Uintah Basin oil boom has made Duchesne County the nation s second fastestgrowing county (for counties with at least 10,000 people); Duchesne County saw 5½ percent population growth in 2013 eight times faster than the 0.7 percent national average, and 3½ times faster than Utah s average of 1.6 percent.

10 Population Utah Population Growth Rates by County: 2012 to % 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% Duchesne County Utah U.S.A. Source: U.S. Census Bureau

11 County Population by Race in Utah: 2013 Total Population by Race Single Race Population Geographic Area Total Population Total White Black/ African American American Indian and Alaska Native Asian Native Hawaiian and Other Pacific Islander Total Two or More Races Hispanic Origin (of any race) White Non- Hispanic Total Minority State 2,900,872 2,834,154 2,658,182 38,149 43,170 66,404 28,249 66, ,569 2,312, ,271 Percent of Population 100.0% 97.7% 91.6% 1.3% 1.5% 2.3% 1.0% 2.3% 13.4% 79.7% 20.8% Beaver 6,459 6,363 6, , Box Elder 50,794 49,887 48, ,547 44,462 6,332 Cache 116, , , ,076 2, ,039 11,953 99,085 17,824 Carbon 20,988 20,621 19, ,708 17,502 3,486 Daggett 1,127 1,109 1, , Davis 322, , ,066 4,579 2,100 6,286 2,214 7,849 28, ,097 47,997 Duchesne 20,308 19,814 18, ,561 17,372 2,936 Emery 10,749 10,651 10, , Garfield 5,083 5,018 4, , Grand 9,360 9,170 8, ,814 1,546 Iron 46,780 45,872 43, , ,800 40,499 6,281 Juab 10,348 10,196 9, , Kane 7,260 7,161 6, , Millard 12,662 12,496 12, ,674 10,628 2,034 Morgan 10,173 10,081 9, , Piute 1,510 1,495 1, , Rich 2,288 2,269 2, , Salt Lake 1,079,721 1,052, ,797 20,921 14,019 40,165 17,416 27, , , ,786 San Juan 14,973 14,637 7, , ,026 7,947 Sanpete 28,237 27,791 26, ,697 24,359 3,878 Sevier 20,852 20,592 20, ,006 19,251 1,601 Summit 38,486 37,911 36, ,363 32,778 5,708 Tooele 60,762 59,478 57, ,284 7,238 50,852 9,910 Uintah 35,555 34,796 31, , ,816 29,202 6,353 Utah 551, , ,876 4,038 4,469 8,810 4,675 13,023 60, ,539 90,352 Wasatch 26,437 26,060 25, ,418 22,315 4,122 Washington 147, , ,709 1,227 2,529 1,203 1,279 2,853 14, ,269 21,531 Wayne 2,747 2,707 2, , Weber 238, , ,693 3,821 2,932 3, ,788 41, ,578 53,941 Source: U.S. Census Bureau

12 Population People moved here in the 1970s Many stayed Children of the Pioneers of the Oil Boom of the 70s Stayed Now leaders in industry Helped in Stabilization Of Boom Bust Cycle Duchesne County Population 1970 = 7,422

13 1971 Oil Well Fires November 1971 September 7, 1971

14 August 2015 Our last Drilling Rig E.P. Oil Location Production Equipment Justice Center Construction with Drilling Rig in Background

15 Oil and Gas Application for Permit to Drill by County As of August 21, 2015 County Beaver Box Elder Cache Carbon Daggett Davis Duchesne Emery Garfield Grand Iron Juab Kane Millard Morgan Piute Rich Salt Lake San Juan Sanpete Sevier Summit Tooele Uintah Utah Wasatch Washington Wayne Weber Totals 449 1,388 1,611 2,105 1,516 Source: Utah Oil and Gas Drilling Commenced (Wells Spudded) by County As of August 21, 2015 County Beaver Box Elder Cache Carbon Daggett Davis Duchesne Emery Garfield Grand Iron Juab Kane Millard Morgan Piute Rich Salt Lake San Juan Sanpete Sevier Summit Tooele Uintah Utah Wasatch Washington Wayne Weber Totals ,003 1,

16 Utah Natural Gas Production As of August 21, 2015 County Cumulative Lifetime Production Beaver Box Elder Cache Carbon 23,509,968 60,548,037 71,646,864 90,976,211 90,295,281 1,508,132,772 Daggett 538,318 1,538, , , , ,856,235 Davis Duchesne 17,351,224 53,050,579 44,126,366 41,573,622 40,279, ,062,592 Emery 2,908,507 9,445,358 10,256,042 10,904,775 12,415, ,093,800 Garfield 3,000 8,350 7,625 9,150 9, ,773 Grand 1,478,771 4,469,215 4,341,425 4,148,601 4,127, ,375,019 Iron Juab Kane Millard Morgan Piute Rich ,497,846 Salt Lake San Juan 4,911,703 10,650,457 9,781,813 9,491,182 9,467,078 1,444,844,471 Sanpete 204, ,786 3,904,954 Sevier Summit 1,243,806 3,607,411 3,857,153 4,921,147 6,360,941 3,321,019,888 Tooele Uintah 99,325, ,996, ,893, ,087, ,576,727 4,633,169,684 Utah Wasatch Washington ,553 Wayne Weber Totals 151,475, ,214, ,271, ,660, ,574,045 12,597,163,586 Source: Utah Oil and Gas

17 Utah Oil and Gas Production How do we get oil to the refineries in Salt Lake City or, for that fact, anywhere else? Source: Utah Oil and Gas

18 Utah Oil Production As of August 21, 2015 County Cumulative Lifetime Production Beaver Box Elder ,665 Cache Carbon 28,612 61,399 38,139 80,859 73, ,958 Daggett ,001 Davis Duchesne 6,139,457 19,477,855 16,539,107 14,415,391 11,940, ,348,488 Emery 184 1,255 1,569 2,440 3, ,719 Garfield 49, , , , ,534 28,713,915 Grand 331,142 1,341,440 1,094, ,559 82,710 11,910,245 Iron Juab Kane Millard Morgan Piute Rich Salt Lake San Juan 1,471,781 4,575,257 4,572,150 4,403,628 4,228, ,556,468 Sanpete 26, , ,837 Sevier 491,987 1,609,592 1,885,987 2,210,376 2,521,790 21,568,767 Summit 62, , , , , ,985,614 Tooele Uintah 4,598,095 13,457,975 10,492,511 8,346,991 7,021, ,299,824 Utah Wasatch Washington ,774 Wayne Weber Totals 13,200,479 40,896,832 34,986,354 30,183,243 26,284,718 1,549,286,275 Source: Utah Oil and Gas

19 Oil Production Roosevelt to Salt Lake City 150 miles (2 Mountain Ranges) Chevron Pipeline from Rangely Colorado Candlestick Pipeline Black wax and Yellow wax

20 Transportation Our Railway Feasibility Study with Utah Department of Transportation CIB Funded 5 million for the Study 27 routes studied Decided on 1 route Indian Canyon to Price Cost = 5.7 Billion Our Pipeline 300 bbls oil/truck = 12,600 gal/truck Oil = ± 7 lbs/gal = 129,000 lbs/truck 5,000 cars = 1 Tanker in Road Damage Wear and tear on State and Local Roads

21 Transportation Duchesne County ,477,855 bbls 64,926 Loads 177 avg. tankers every day to Salt Lake City refineries and railheads or Price railheads = tankers/day through Duchesne Uintah County ,457,975 bbls 44,860 Loads = 123 tankers/day

22 Transportation Transportation Solutions? Constant contact with Utah Department of Transportation; Expansion of Highway 40; Constant communication with Industry Officials share in expenses of a road; Quarterly meetings, called Uinta Basin Community outreach, with Utah Petroleum Association, Industry Local and Corporate Leaders, Elected Officials; Meetings afternoon/evenings, Public invited, Dinner, Presentations on various subjects.

23 Announcement

24 Mineral Lease Money Mineral Lease Money Federal Mineral Lease Money is not tax money. Royalties, lease bonuses and rentals* are paid by operators on oil and gas from federal lands to the US government. The state of origin receives 49% of the royalty and bonus payments. Since the early 1990s, Utah counties have received 49% of the amount received by the state. In other words, Duchesne County receives 25% of the royalty and lease bonus payments made to the federal government from federal leases located within the County. 25% County of Origin 12% Total Mineral Lease Money to the Community Impact Board 12% Total Mineral Lease Money to Various State Agencies

25 Mineral Lease Money 25% County of Origin Can t be used in the County General Fund. Set up as a Special Service District #2 to fund the roads in the County. The County received about 9 million in Expect less than half than that for Build a road = 1 million per mile; repair of existing roads. Lessons learned: Better communication with oil companies where they generally plan to drill allows the county to help develop routes that accommodates the public along with putting locations where the companies want them.

26 12% Total Mineral Lease Money to the Community Impact Board Total State and CIB Revenue and Allocations by County Fiscal Years 10, 11, 12, 13, 14 CIB Revenue County Total State Revenue Amount % Total CIB Revenue Amount % Total CIB Allocation Amount % Beaver 1,389, % 771, % 5,248, % Box Elder 36, % 25, % 4,115, % Cache 0 0.0% 0 0.0% 16,854, % Carbon 110,988, % 57,496, % 86,254, % Daggett 1,351, % 801, % 2,088, % Davis 14, % 6, % 0 0.0% Duchesne 100,428, % 47,105, % 104,018, % Emery 24,926, % 11,992, % 31,848, % Garfield 3,343, % 1,234, % 8,248, % Grand 15,311, % 7,579, % 3,451, % Iron 1,397, % 946, % 14,372, % Juab 1,694, % 1,168, % 8,109, % Kane 0 0.0% % 17,099, % Millard 11,363, % 7,935, % 3,558, % Morgan 3, % 1, % 1,001, % Piute 100, % 65, % 2,552, % Rich 154, % 108, % 81, % Salt Lake 16, % 9, % 0 0.0% San Juan 19,487, % 9,926, % 27,836, % Sanpete 1,054, % 672, % 16,112, % Sevier 87,172, % 40,602, % 30,373, % Summit 362, % 199, % 4,205, % Tooele 982, % 511, % 7,100, % Uintah 387,511, % 180,128, % 122,323, % Utah 378, % 215, % 0 0.0% Wasatch 66, % 46, % 8,440, % Washington 140, % 63, % 19,843, % Wayne 15, % 10, % 4,542, % Weber 0 0.0% 0 0.0% 0 0.0% Unallocated 4, % 0 0.0% 0 0.0% Regional 0 0.0% 0 0.0% 6,398, % Totals 769,698, % 369,626, % 556,080, % Source: Utah Community Impact Board - Legislative Report Fiscal Year 2014

27 Duchesne County CIB Funded Projects Fiscal Years Recipient Year Project Type ML Grant ML Loan Bonus Loan Terms Total CIB Funds Total Project Cost Altamont Town 2011 Sewer system improvements 526, , Y@0% 1,053,200 1,053,200 Cedarview/Montwell SSD 2010 Water system imp Phase I 333, , Y@0% 783,333 3,333,333 Cedarview/Montwell SSD 2012 New water system 2,181, ,181,775 5,496,200 Duchesne City 2010 Buildings-City Hall 741, , Y@0% 1,483,615 1,483,615 Duchesne City 2011 Water System Improvements 3,950, ,000,000 30Y@2.5% 4,950,000 5,000,000 Duchesne City 2013 Water System Improvements tank & line 294, , Y@1.5% 587, ,500 Duchesne County MBA 2012 Sewer study Hancock Cove 27, ,500 55,000 Duchesne County MBA 2014 Duchesne County Justice Center 1,000, ,152,000 30Y@1.5% 6,152,000 7,652,000 Duchesne County MBA 2014 Road Easements SITLA 30, ,806 30,806 Duchesne Special Service Road Imp Wells Draw 2012 Dist Phase 3 6,600, ,400,000 15Y@2.5% 11,000,000 11,115,000 Duchesne Special Service Road Imp - Bluebell 2012 District #2 Connector Phase 1 2,000, ,000,000 4,000,000 Duchesne Special Service District # Road Imp County Rd 33 4,000, ,000,000 15Y@1.5% 8,000,000 8,000,000 Duchesne Special Service District # Road Imp 3000 West 2,342, ,343,000 15Y@1.5% 4,685,000 4,685,000 Duchesne Water Conservancy 2010 New Office Complex 300, , Y@0% 600, ,000 Duchesne Water Water-Hwy 40 supply 2010 Conservancy pipeline 3,000,000 3,250, Y@0% 6,250,000 22,000,000 Duchesne Water Water-Victory Pipeline 2014 Conservancy (Hwy 40) 14,950,000 15,950, Y@1.5% 29,900,000 34,980,300 East Duchesne CW 2013 Water Study-engineering report 25, ,000 50,000 Fruitland Special Service Dist 2012 Water New Well 564, , Y@0% 1,129,700 1,129,700 Fruitland Special Service Dist 2012 Water tank repainting 46, , Y@0% 146, ,500 Source: Utah Community Impact Board - Legislative Report Fiscal Year 2014

28 Fiscal Years Duchesne County CIB Funded Projects Recipient Year Project Type ML Grant ML Loan Bonus Loan Terms Total CIB Funds Total Project Cost Johnson Water Dist 2010 Water Pleasant Valley 235, , ,100 Johnson Water Dist 2011 Water system imp lines 460, , ,885 Johnson Water Dist 2012 Water system imp Mortenson Lane 367, , Y@0% 735, ,121 Johnson Water Dist 2014 Water system Imp waterline replace 377, , Y@0% 755, ,725 Myton City 2012 Water system imp line replacement 772, , ,150 Myton City 2013 Water system imp water tank ,000 30Y@1.5% 539, ,060 Neola Community Park Dist 2010 Rec imp playground, grandstands 260, Y@0% 260, ,487 Neola Community Park Dist 2010 Rec imp park Improvements 0 111, Y@0% 111, ,000 Neola WSD 2010 Water system imp (W) 0 110, Y@0% 110, ,000 Neola WSD 2013 Water system imp 3,210,000 3,211, Y@0% 6,421,000 6,421,000 Pinon Forest SSD 2013 Water Study engineering report 22, ,500 45,000 Pinon Forest SSD 2014 Water System imp Bulk Water system 336, ,000 20Y@1.5% 672, ,000 Roosevelt City 2010 General Plan update 100, , ,000 Roosevelt City 2010 Street Improvements 2,288, ,000,000 10Y@1.5% 3,288,199 3,288,199 Roosevelt City 2011 Secondary Water System 500, , Y@0% 850,000 4,000,000 Roosevelt City 2011 Water system imp line replacements 1,200, , Y@0% 1,718,000 1,818,000 Roosevelt City 2013 Waterline Neola/Hayden Wells 4,850, , Y@0% 5,350,000 5,600,000 Tabiona Town 2012 Cemetery improvements 128, , ,000 Tabiona Town 2014 Water & Sewer Plan 25, , ,000 Upper Country WID 2011 Altamont fire hydrant project 257, , ,212 Upper Country WID 2012 Water System Imp Line replacement 220, , ,195 Totals 40 58,525,076 26,723,000 18,770, ,018, ,891,288 Source: Utah Community Impact Board - Legislative Report Fiscal Year 2014

29 Duchesne County CIB Funded Projects Centennial Building Centennial Building Centennial Building Centennial Building Justice Center

30 Total State and CIB Revenue and Allocations by County Fiscal Year 2014 CIB Revenue County Total State Revenue Amount % Total CIB Revenue Amount % Total CIB Allocation Amount % Beaver 267, % 139, % 77, % Box Elder 0 0.0% 0 0.0% 0 0.0% Cache 0 0.0% 0 0.0% 11,060, % Carbon 14,986, % 7,052, % 16,850,000 12,4% Daggett 154, % 73, % 0 0.0% Davis 8, % 4, % 0 0.0% Duchesne 25,903, % 12,080, % 42,221, % Emery 6,648, % 3,192, % 3,626, % Garfield 684, % 319, % 2,878, % Grand 6,914, % 3,298,367 4,1% 100, % Iron 124, % 75, % 5,370, % Juab 159, % 107, % 193, % Kane 0 0.0% 0 0.0% 1,187, % Millard 142, % 94, % 1,088, % Morgan 3, % 1, % 0 0.0% Piute 11, % 6, % 1,479, % Rich 5, % 4, % 0 0.0% Salt Lake 2, % 1, % 0 0.0% San Juan 4,459, % 2,115, % 8,370, % Sanpete 193, % 134, % 2,290, % Sevier 18,949, % 8,834, % 2,580, % Summit 230, % 114, % 30, % Tooele 197, % 98, % 0 0.0% Uintah 90,178, % 42,335, % 25,495, % Utah 101, % 50, % 0 0.0% Wasatch 4, % 3, % 7,900, % Washington 33, % 15, % 898, % Wayne 1, % % 294, % Weber 0 0.0% 0 0.0% 0 0.0% Unallocated 0 0.0% 0 0.0% 0 0.0% Regional (Assn. of Governments, Higher Education Projects and Regional Projects 0 0.0% 0 0.0% 1,592, % Totals 170,367, % 80,153, % 135,583, %

31 CIB Revenue CIB Concerns Some counties have no energy revenue to contribute but receive; Some counties very anti oil/gas but want CIB funding. Lately have been denied because of chewing the hand off that feeds you.

32 Taxes Severance Tax (Duchesne County, Uintah County, UTE Tribe) In the mid 1990s, the Utah Legislature passed a bill to provide a portion of the Utah Severance Tax collected from wells located on tribal lands to the counties and the UTE Tribe 1 st 3 Million Severance Tax 12% = ± $360,000 Each County Tribe 25% ($720,000.00) 2 nd 3 Million Severance Tax Duchesne County, Uintah County and the UTE tribe receive 1 million Revitalization Board oversees the spending for each of the counties and the tribe Restrictions: No O&M; No Wages Can buy land, buildings, remodeling, fire trucks, computers etc. ± 1.4 Million Each Year

33 Taxes 2012 Revitalization Fund Requests Entity Project Amount Duchesne City 25% Match for Sewer Lagoons 125, Duchesne City Lights at the City Ball fields 65, Roosevelt City Replace Constitution Park 249, Roosevelt City Maintenance & Storage Cemetery 295, Town of Tabiona Backhoe for Town & Cemetery 57, Neola Park SSD Cemetery Improvements 40, Neola Water & Sewer District Study for Improvements to Neola Water System 20, Myton City Used Loader 100, Altamont Town Renovate Town Hall & Pavement 25, Altamont Town Repair Streets 183, UBAOG Emergency Services 40, UBAOG 4x4 Truck to deliver meals 22, UBAOG Heating/Cooling Unit & Trays (Truck) 21, UBAOG Repair Heating & Cooling System in Building 25, UBAOG Glycol, Heaters etc 20, Total Requested 1,287,945.00

34 Taxes Severance Tax Concerns % of what counties receive should be more? Conversation with state Legislators; Tribal Relationships; UTERRO.

35 Taxes Ad Valorem Tax The Ad Valorem property tax consists of two components. The first is a personal property tax on the assessed value of surface facilities and equipment on individual well locations, gathering lines, produced water disposal facilities, compressor stations, etc. The second component is a tax on the discounted cash flow value of the production sold from well within the County. Oil and gas properties and facilities are called State-Assessed Properties in Utah.

36 Property Taxes County Comparison Fiscal Year County General County ($) % Public Schools ($) % Cities and Towns ($) % Special Districts ($) % Total Taxes Charged ($) Beaver $1,772,185 17% $7,292,396 69% $320,195 3% $1,214,525 11% $10,599,301 Box Elder 10,185,402 20% 34,346,918 66% 4,980,271 10% 2,386,043 5% 51,898,634 Cache 13,280,283 20% 42,420,462 65% 9,252,752 14% 487,881 1% 65,441,378 Carbon 6,340,747 26% 14,261,785 60% 1,755,633 7% 1,587,435 7% 23,945,600 Daggett 1,254,955 49% 1,192,069 46% 75,504 3% 51,598 2% 2,574,126 Davis 38,440,069 16% 143,645,924 61% 25,525,476 11% 28,162,714 12% 235,774,183 Duchesne 7,667,676 26% 18,084,741 62% 973,146 3% 2,322,589 8% 29,048,152 Emery 9,522,110 36% 11,841,049 45% 525,202 2% 4,322,146 16% 26,210,507 Garfield 923,020 17% 3,911,487 71% 326,296 6% 359,555 7% 5,520,358 Grand 3,947,741 28% 8,729,735 62% 68,614 0% 1,324,636 9% 14,070,726 Iron 6,625,609 16% 22,534,918 55% 7,213,870 18% 4,547,441 11% 40,921,838 Juab 2,481,470 23% 6,748,473 62% 459,894 4% 1,162,131 11% 10,851,968 Kane 4,814,457 41% 5,581,238 47% 699,883 6% 719,365 6% 11,814,943 Millard 7,844,270 35% 12,730,383 57% 526,794 2% 1,315,747 6% 22,417,194 Morgan 2,610,819 26% 6,573,426 67% 318,979 3% 372,551 4% 9,875,775 Piute 393,094 31% 683,258 55% 127,678 10% 49,416 4% 1,253,446 Rich 1,586,104 25% 4,011,434 63% 236,101 4% 484,557 8% 6,318,196 Salt Lake 231,194,628 20% 508,946,943 44% 213,241,692 18% 206,141,885 18% 1,159,525,148 San Juan 3,630,801 28% 7,410,350 57% 451,254 3% 1,431,763 11% 12,924,168 Sanpete 3,216,329 21% 9,621,390 64% 1,401,453 9% 861,926 6% 15,101,098 Sevier 3,962,077 28% 8,252,583 58% 1,254,856 9% 791,816 6% 14,261,332 Summit 15,642,220 12% 68,695,295 54% 15,463,111 12% 27,923,910 22% 127,724,536 Tooele 7,682,052 15% 36,157,516 70% 4,721,492 9% 3,002,781 6% 51,563,841 Uintah 15,352,664 28% 32,638,982 60% 727,107 1% 5,965,816 11% 54,684,569 Utah 32,922,977 10% 224,618,301 68% 56,586,747 17% 15,980,786 5% 330,108,811 Wasatch 31,636,310 73% 9,522,652 22% 808,106 2% 1,326,493 3% 43,293,561 Washington 21,187,345 16% 80,360,032 61% 18,375,218 14% 11,351,499 9% 131,274,094 Wayne 507,171 33% 1,013,342 65% 23,169 1% 8,109 1% 1,551,791 Weber 43,268,899 24% 87,171,490 49% 22,589,815 13% 25,938,204 14% 178,968,408 Totals $529,893,484 20% $1,418,998,572 53% $389,030,308 14% $351,595,318 13% $2,689,517,682 Source: Utah State Tax Commission Annual Report Fiscal Year

37 Federal Income Tax County Comparison Fiscal Year County Number of Returns Average AGI Average Federal Income Taxes Average Net Exemptions County Rank Beaver 2,381 42,210 4, Box Elder 19,541 48,058 5, Cache 41,212 46,974 6, Carbon 7,788 48,498 6, Daggett ,737 5, Davis 118,656 60,229 8, Duchesne 7,595 60,640 9, Emery 3,809 48,220 5, Garfield 1,946 38,486 4, Grand 4,339 45,919 7, Iron 15,533 40,176 5, Juab 3,636 46,066 5, Kane 2,714 40,744 5, Millard 4,532 38,830 5, Morgan 3,767 69,234 10, Piute ,501 3, Rich ,790 5, Salt Lake 433,182 55,071 8, San Juan 3,542 40,118 4, Sanpete 8,177 40,789 4, Sevier 7,323 44,355 5, Summit 17,389 85,277 19, Tooele 22,254 51,947 5, Uintah 11,703 58,245 8, Utah 178,647 53,984 8, Wasatch 8,851 58,546 9, Washington 50,474 46,510 6, Wayne ,066 5, Weber 97,128 50,130 6, Totals 1,159,589 56,327 9, Source: Utah State Tax Commission Annual Report Fiscal Year

38 Oil and Gas Jobs U.S. Counties With Highest Concentration of Oil and Gas Extraction Jobs, June 2014 Washington County, OK Upton County, TX Woods County, OK 98.4 Crockett County, TX 86.9 Location Quotients Hutchinson County, TX Yoakum County, TX Gliner County, WV Sterling County, TX Location quotients measure an industry s employment concentration in an area. A location quotient greater than 1 means that an industry s share of employment in an area is greater than the share for the entire United States. Duchesne County, UT 67.4 Grant County, KS Source: CNBC using U.S. Bureau of Labor Statistics data, June 2014

39 Duchesne County, Utah What questions do you have???