© Copyright 2002 by the Wyoming Department of Employment, Research & Planning

Table 1: Over-the-Month Employment Change in Oil & Gas Regressed on Rig Count, Gas Price, and Seasonal Factors
  Coefficient
Variable (SE) T-Value
 
Intercept -805.273** -6.993
  (115.16)
Change in Rig Count for Wyoming 19.417** 6.328
  (3.07)
CPI-U for Utility Natural Gas Service 3.811** 4.592
  (0.83)
February (dummy†) 290.966** 3.862
  (75.34)
March (dummy) 408.612** 5.433
  (75.21)
April (dummy) 258.091** 3.371
  (76.57)
May (dummy) 559.966** 7.158
  (78.24)
June (dummy) 601.704** 7.339
  (81.99)
July (dummy) 571.999** 7.346
  (77.87)
August (dummy) 556.075** 7.018
  (79.24)
September (dummy) 311.605** 3.981
  (78.26)
October (dummy) 375.502** 4.952
  (75.82)
November (dummy) 348.614** 4.620
  (75.46)
December (dummy) 394.929** 5.247
  (75.28)
     
(DW=2.046) 
(Adjusted R squared=0.676) 
(n=119)
(F=19.921)
** Significant at the 99 percent level (p<.01).
† The term dummy variable is a standard statistical term in which the members of the group of interest are coded as 1 and the members of the comparison or "dummy" group are coded as 0.

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