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Socio-economic impacts of GKI activity

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The purpose of this report is to assess the potential socio-economic impacts of Geokinetics, Inc. (GKI) activities on Uintah Basin. Potential impacts on socio-economic conditions in the Uintah Basin are limited by the scope of GKI operations. In 1978, the population of Uintah and Duchesne counties was nearly 30,000. GKI employees represented 0.1% of the Basin population. 1978 Gross Taxable Sales were estimated to be $167.182 million for the Uintah Basin. GKI expenditures totaled less than 1% of gross taxable sales, even if it is assumed that all expenditures went to Basin businesses. GKI employment and expenditures are likely to increase in the years ahead, but projected increases will have insignificant socio-economic impacts on local communities. However, some employees will already own and others will seek to purchase homes in the area. Resulting impacts, though insignificant, will be positive. Several years ago, Utah State University researchers developed estimates of population changes and impacts associated with employment growth in Uintah County. Their report indicated that a project increasing basic employment by 400 persons would have minor impact, but would increase the tax base of the county. It is unlikely that GKI employment will approach, let alone exceed, the threshold level of 400 employees. In addition, GKI growth will be incremental and gradual, even to commercial scale operations. This leads us to conclude that GKI operations will have minimal adverse impact upon the Uintah Basin and in fact will probably have a net positive impact on the Basin.

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Last Updated September 29, 2016, 18:35 (LMT)
Created September 29, 2016, 18:35 (LMT)
Citation Hutchinson, D.L. ---- Roy Long, Socio-economic impacts of GKI activity, 2016-09-29, https://edx.netl.doe.gov/dataset/socio-economic-impacts-of-gki-activity
Netl Product yes
Poc Email Roy.long@netl.doe.gov
Point Of Contact Roy Long
Program Or Project KMD
Publication Date 1979-5-1