Energizing communities, industries and businesses
Jobs aren’t just happening in states where there’s energy production. There’s a domino effect occurring across the nation. From suppliers to manufacturers to IT companies to restaurants and hotels in those towns, oil and natural gas development is touching all aspects of our economy. And towns throughout America are reaping the rewards. Take a look at the impact that oil and natural gas development is having in communities throughout the country.
Best known as the home of the Little League World Series, Williamsport might soon be better known as a capital of the shale revolution. Shale gas development has jumpstarted Williamsport’s economy with new hotels and restaurants popping up and long-standing businesses blossoming. Development of the Marcellus Shale formation has created 245,000 new direct and indirect jobs in Pennsylvania and pumped tens of billions of dollars into the state’s economy.
The steel industry is profiting from the rise of hydraulic fracturing. And Lorain, Ohio, is a prime example. At the Lorain Tubular Operations, over 700 men and women manufacture the pipe used to encase America’s oil and natural gas wells. This high-quality steel pipe plays a vital role in hydraulic fracturing. In Lorain, new jobs, new hope and a commitment to doing things right are revitalizing the local economy.
The oil and natural gas industry is bringing new jobs to Searcy, while training local men and women for these opportunities. As a result, the town is on the rise again. For more than 65 years, hydraulic fracturing technology has been successfully used in more than one million wells throughout the country. Now, coupled with horizontal drilling, the industry continues to safely and responsibly develop energy from shale. And Searcy, Arkansas, is a shining example.
The shale gas boom is causing a local chemical firm to hire more engineers. O’Neal, Inc. is looking to more than double its base of process chemical engineers. The reason why? The inexpensive cost of shale gas, as well as the Southeast’s lower cost of living. In its Year End 2013 Chemical Industry Situation and Outlook, The American Chemistry Council said shale gas has helped transform the U.S. from a high-cost producer of key petrochemicals and resins to one of the lowest cost producers worldwide. This is further proof that the shale gas revolution is helping other industries all over America.