Tuesday, February 17, 2015

Rapid Growth in Oil and Gas Accounts for Over 10 Percent of Texas, Wyoming Economies

The oil and gas mining industry account for at least 10 percent of the overall economy in several states, including Texas where the shale boom has made a notable impact in Eagle Ford. According to the U.S. Energy Information Administration, Wyoming has approximately one-third of its economy in the energy industry, largely thanks to natural gas and crude oil found in the Niobrara formation. Additionally, Oklahoma, West Virginia, Oklahoma, and North Dakota all heavily rely on the industry to support local economies. The Shale Boom made a notable impact in certain states and communities around Eagle Ford and Niobrara. Midstream industry is more important than ever, and continuing efforts to build reliable transportation and permanent infrastructure have brought sustainable jobs for laborers of various skillsets, which range from highly skilled to unskilled labor. New Opportunities in the Midstream Sector It is difficult to ignore the substantial impact the oil and gas mining industry hav

No comments:

Post a Comment