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In 1997, nearly $12 million in severance taxes was paid on an approximate gross value of $267 million for oil and natural gas combined. The petroleum industry in Kentucky employs more than 23,000 workers (Epenshade, 1994, p. 47).
Epenshade, S. A., ed., 1994, The oil and gas producing industry in your state: Independent Petroleum Association of America v. 64, no. 5, September/October 1994.