Behold the Power of Shale Fracking: ND Now #2 US Oil Producer
This is technically not a story about the Marcellus or the Utica Shale. But it’s just as critical. North Dakota has just officially become the number two producer of oil in the United States, displacing Alaska for that spot. Texas still leads with the most oil production.
How on earth as ND become number two? It’s simple: shale and the miracle of hydraulic fracturing. What’s even more startling is that as recently as 1999 ND had zero drilling rigs and oil drilling in the state was dead. Just 13 years later, it’s number two in the nation. The importance of this cannot be overstated.
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Wells Fargo Securities economists recently issued a report on the effects of Marcellus Shale drilling on Pennsylvania jobs (a copy of the 12-page report is embedded below). The report offers both an optimistic and pessimistic forecast of job growth, along with what they believe to be a realistic forecast. And all of their numbers are backed up with plenty of commentary so the reader understands why they predict what they predict. The bottom line?
Here’s a great idea: Why not start a website where companies already involved in the Marcellus drilling industry, and those companies who want to work with them, service them, do business with them, can also be listed, so they can “connect.” Sort of Facebook or LinkedIn for Marcellus-related businesses. The Marcellus Shale coalition has done just that! The new website they’ve created to connect businesses interested in the Marcellus is called Marcellus on Main Street and is located at: