4 Things You Should Know About Shale Gas
Amanda Moreno
April 19, 2012 You don’t have to be an Oil & Gas Engineer to know that shale gas is sweeping the industry. But if you do work in oil and gas, here’s 4 particular areas to keep on your radar.
1. Shale Gas & Job Creation
It’s a no brainer. In 2012, Shale natural gas amounted to 27% of the overall U.S. natural gas production, and supported more than 600,000 direct, indirect and induced jobs. And just this year, More than $16 billion in new investments will likely occur, creating more than 400,000 new American jobs.
If you work in oil in gas, it’s important to be aware of potential job creation, capital investment and economic output resulting from increased supply of natural gas from shale.
2. Shale Gas & Lower Gas Prices. The combo of multi-stage fracking and horizontal drilling in the US are expected to spur oil supply by a massive degree. But to what extent will depend on regulations and implementation plans.
3. Shale Gas & the Great Crew Change. Shale gas is expected to create a wealth of new jobs, but will we actually be able to deliver the appropriate level of talent and expertise? Experienced baby boomers continue to retire, placing a lot of pressure on young engineers to deliver a strong level of expertise from year one.
4. Shale Gas and Global Competitiveness. If you are in the industry, an understanding of the U.S. position on the global ethylene supply curve and what it means for global competitiveness is a must.
These are 4 of many industry trends we are seeing with Shale Gas, but there are many factors that we all need to keep an eye on. Knovel’s latest free webinar, Shale Gas: A Game Changer, will provide key insights on all of these factors, as well as:
♦ An understanding of the U.S. position on the global ethylene supply curve and what it means for global competitiveness
♦ Current activities in each major shale region/play and the current market drivers
♦ Potential job creation, capital investment and economic output resulting from increased supply of natural gas from shale
♦ Innovations stimulating the development of shale gas reserves
♦ The economic impact for downstream industries
We hope you can join us! The webinar will be held on Thursday, April 26th, 2012 at 1:00 PM ET.
Comments (3)
Very interesting post.
Keep up the good work!
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I completely agree that workers will be expected to have experience from the start. I have stumbled across an article online that says there is a training program for future shale workers. Considering that the job market is expected to increase, it would be something that I think quite a few people could benefit from. If you would like to read about it further, I will provide a link below.
http://shalestuff.com/education/program-matches-talent-employment/
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