Shale News

10 highest paying jobs in the Marcellus and Utica region

A recent report has detailed the 10 highest paying jobs in the Marcellus and Utica Shale regions.

Advancements in horizontal drilling and the development of unconventional shale plays such as the Marcellus and Utica has been driving the economy in the northeast to exponential growth. The region currently has one of the lowest unemployment rates in the nation and over the past few years there has been a surge of new jobs being created, not only within the oil and gas industry, but with associated industries like construction and manufacturing.

Well produces well

Tim Carr believed a Monroe County Utica Shale well producing 38.9 million cubic feet of natural gas per day last year was big.

That was until he learned of the 46.5 million cubic feet pumping daily at the Magnum Hunter Stewart Winland well in Tyler County.

"I do not know what we will do with all the gas. Always want to wait and see what the decline is, but these numbers are off scale," said Carr, the Marshall Miller professor of geology at West Virginia University.

North Dakota: $200M, 20,000-barrel-a-day oil refinery could get green light

DEVILS LAKE, N.D. -- A $200 million, 20,000-barrel-a-day clean fuels oil refinery could be operating near Devils Lake within three years.

The refinery, similar to one being built in Dickinson, would employ about 100 people and could create as many as 400 spin-off jobs in the area, according to Rachel Lindstrom, executive director of Forward Devils Lake, the region's economic development agency.

"It's very exciting for Devils Lake," she said, "a great opportunity."

Devils Lake City Commission approved a letter of support for the project this week.

Wilbur Ross Sees Gains in Texas Shale as Venezuela Struggles

Wilbur Ross, the investor who’s made billions betting on on-out-favor industries, is bullish on Texasoil after its recent tumble.

“We don’t think oil goes a lot lower than where it is on a sustained basis,” Ross, a turnaround financier and chairman of WL Ross & Co., said yesterday at an event in New York.

Texas, Louisiana Gear Up for $117 Billion in Project Starts in 2015, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Oct 21, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Industrial Info is tracking industrial projects valued at approximately $117 billion that are currently planned to kick off in Texas and Louisiana in 2015. While all industries are showing activity in the area, Oil & Gas Production (including liquefied natural gas projects), Chemical Processing and Power represent the dominant industries in the two states.

How the Energy Revolution is Supporting Texas-Sized Economic Growth

America is in the midst of an energy boom. We all know this. We also know the positive impact it has had on our nation’s balance sheet.

The U.S. is now set to surpass Russia and Saudi Arabia in crude production, and it has already passed the former as the world’s largest producer of natural gas.

But what often slips under the radar is how energy is also fueling population growth in communities west of the Mississippi River – particularly those in Texas – where nearby production is a daily occurrence.

Utica Shale well activity as of Oct. 18

UTICA SHALE ACTIVITY AS OF OCT. 18

DRILLED: 267

DRILLING: 248

PERMITTED: 438

PRODUCING: 607

TOTAL: 1,560

• Twelve horizontal permits were issued during the week that ended Oct. 18, and 46 rigs were operating in the Utica Shale.

TOP 10 COUNTIES BY NO. OF PERMITS

1. CARROLL: 438

2. HARRISON: 281

3. BELMONT: 170

4. GUERNSEY: 142

5. NOBLE: 127

6. MONROE: 124

7. COLUMBIANA: 107

8. JEFFERSON: 43

9. MAHONING: 30

t-10. TUSCARAWAS: 17

t-10. WASHINGTON: 17

Halliburton, Baker Hughes buy more sand, railcars as demand piles up

Oct 21 – As fracking accelerates in North American shale fields, oilfield services providers Halliburton Co and Baker Hughes Inc are stockpiling sand to protect themselves against rising costs and are buying more railcars to transport the haul.

Halliburton, the world’s largest provider of fracking services, is more than doubling its railcar fleet and capacity for sand terminals – where sand is stored and transferred to truck from rail. It had about 3,500 railcars under management as of June 30.

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