In a Wall Street Journal op-ed earlier this week (We Don’t Need More Foreign Oil and Gas), Obama supporters and long-time Democrat flacks John Podesta and Tom Steyer tried to make the argument that we don’t need Canada’s oil (and natural gas) because we now have enough of our own, thank you very much. Apparently [...]
Last night, President Barack Obama delivered his State of the Union address to Congress. Energy and natural gas played a big role in the speech. In particular, Obama acknowledges the jobs-generating power of natural gas drilling, saying it can generate 600,000 jobs by the end of this decade. He also mandated a requirement that gas [...]
Heading to grad school and want to make $120K a year when you graduate? You might consider an advanced degree in geology or geophysics and working in the shale gas industry.
Baker Hughes, one of the world’s largest oilfield and shale gas service companies, is building a new $40 million facility in Harrison County, West Virginia, and along with it, generating 275 new jobs. According to Baker Hughes president Paul Butero, the company plans to become a “major player” in the Marcellus Shale.
A closed refinery in West Deptford Township (Gloucester County), NJ may soon reopen thanks to hydraulic fracturing. The refinery, owned by Sunoco, is looking at two possibilities: Refine oil from the Bakken Shale region of North Dakota; or convert the refinery into a processing plant to move and store ethane from the Marcellus Shale region.
Preferred Sands, a privately-held company headquartered in the Philadelphia suburb of Radnor, PA, has just bought out another sand company—Winn Bay Sand, located in Blair, Wisconsin—for $200 million. Preferred Sands is a frack sand and proppant company launched in 2007. It’s the largest frack sand producer in Canada, and one of the top three in [...]
The good economic news keeps coming in for the Marcellus and Utica Shales. If approvals come (as expected) from the city of Youngstown, Ohio, Exterran Energy Solutions will build a new $13 million manufacturing facility in the city in 2012. Exterran manufactures parts used in compressors and compressor stations used in the production and transportation [...]
Halliburton has just purchased 178 acres in the EastPointe Business Park in Washington Township near Zanesville, Ohio. The company plans to build an operations center at the location servicing companies drilling in the Utica Shale. The new operations center is expected to create 300 jobs within the next three years.
A new study released Wednesday by PricewaterhouseCoopers on shale gas and its impact on U.S. manufacturing finds that by 2025 manufacturers will employ an additional one million workers and will have saved some $11.6 billion in energy costs—all due to an abundance of domestic shale gas supplies. The report also cautions that manufacturers must help [...]
One of the criticisms of the Marcellus shale gas drilling industry is that although it brings with it an economic boom, including many jobs, sometimes those jobs are taken by out-of-state workers and not local workers. Drillers will say there are not enough skilled local workers to fill the positions. Labor leaders and local economic [...]
A new study just released shows that natural gas drilling and production will add 900,000 jobs and $1,000 to annual household budgets across the country, on average, by 2015. And shale gas production will go from adding $76 billion to U.S. gross domestic product (GDP) now, to $118 billion by 2015.
An excellent article in yesterday’s Wall Street Journal on the non-green jobs boom coming from the energy sector—specifically due to horizontal drilling and the use of hydraulic fracturing—starts out this way:
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