National

Proof Positive: American Oil, Natural Gas Production, Hydraulic Fracturing a Powerful Job Creation Engine

BY Shannon Brushe Mar. 11, 2011

The Facts By The Numbers

Deployed more than 1.1 million individual times over the pas 60 years of its safe and efficient use, hydraulic fracturing today is helping to create tens of thousands of good-paying American jobs at a time when they’re needed most – all while delivering affordable, reliable and secure energy resources to struggling consumers.

Here below, a quick by-the-numbers snapshot of how this technology is changing folks’ lives for the better, every single day.

60 Years EID’s Lee Fuller: “Thomas Schaller — who’s professional expertise is electoral politics, not petroleum engineering — should be aware that over the past 60 years, hydraulic fracturing has never impacted groundwater. Independent environmental regulators, top EPA officials, Environmental Defense Fund advisors, the Ground Water Protection Council and others have all confirmed this fact.” (Baltimore Sun, 3/9/11)
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2 Million Wells Fractured Globally

 

 Hydraulic fracturing of “oil and gas production wells is not new. For more than 60 years, oil and gas workers have completed about two million fracking jobs worldwide, safely and without adverse environmental impact.” (Forbes.com, Michael Economides, 3/7/11)
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$2.9
12,600 Jobs
$512		 “Eagle Ford is helping fuel area’s economy”: “Since the first well was drilled in the Eagle Ford in 2008 until 2010, oil and gas drilling has directly supported about 6,800 full-time jobs in the region, paid $311 million in salaries and benefits to workers and generated almost $2.1 billion in total economic output. When other spin-off jobs were included in the tally — everything from oil field support to the waiters serving drillers’ food — the numbers jumped to 12,600 jobs, $512 million in salaries and $2.9 billion in economic output.” (San Antonio Express, 3/10/11)
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$4 “A number of executives at the conference predicted that natural gas prices will remain low for years. Natural gas rose as high as $15 per million British thermal units shortly after Hurricane Katrina in 2005. Now gas costs less than $4 per million Btu.” (Dallas Morning News, 3/9/11)
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9 TCF “North Texas’ Barnett Shale, the largest natural-gas-producing area in the U.S., has reached a milestone by exceeding 9 trillion cubic feet of production, dating back to 1982, according to the Powell Shale Digest, an authoritative source on the huge shale field.” (Fort Worth Star-Telegram, 3/9/11)
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$21.5
68,000 Jobs 		 “By 2020, the Eagle Ford is expected to account — directly and indirectly — for almost $21.5 billion in economic output and support 68,000 full-time jobs in South Texas.” (San Antonio Express, 3/10/11)
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49 Jobs “New oil development is beginning to create jobs in southeast Wyoming. The Wyoming Department of Workforce Service says there are at least 49 job openings in Laramie County oil fields right now.” (Associated Press, 3/10/11)
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57%		 “Majority favors hydraulic fracturing”: “The majority of respondents to this week’s RBJ Daily Report Snap Poll favors use of high-volume hydraulic fracturing in the Marcellus shale, a formation extending deep underground from Ohio and West Virginia into southern New York. By 57 percent to 43 percent, readers favor the process.” (Rochester Business Journal, 3/4/11)
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2,100 Jobs		 “Wyoming’s seasonally adjusted unemployment rate dropped to 6.3 percent in January, its lowest point since May 2009. … The largest job gains occurred in natural resources and mining, including oil and gas, which added 2,100 jobs.” (Casper Star-Tribune, 3/8/11)
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30,000 Jobs “North Dakota State University estimates the oil workforce has gone from just over 5,000 in 2005 to over 18,000 in 2009. Hamm said the industry now employs 30,000 in the state, and if production does hit a million barrels a day, it could employ over 100,000 people there.” (CNNMoney.com, 3/9/11)
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225,000 Barrels
350,000 Barrels 		 “Thanks to hydraulic fracturing and high oil prices, oil production in the Bakken has exploded. It went from a mere 3,000 barrels a day in 2005 to 225,000 in 2010, according to the government’s Energy Information Administration. EIA thinks it will produce 350,000 barrels a day by 2035, but most analysts think that estimate is far too low.” (CNNMoney.com, 3/9/11)
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