shale boomeagleandbakken

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The Shale Boom

Eagle Ford Shale and Bakken Shale

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A Quick Review• In 2011, 94% of gas consumed in the U.S. was domestically produced

• The U.S. should be in a position to predominantly consume domestic gas for several years

• Shale development should boost U.S. natural gas production nearly 29% in 25 years

Read more: Shale Gas

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EAGLE FORD SHALETexas


• 400 miles long and 60 miles wide• Spans the Texas-Mexico border out to areas of East Texas• The Texas Railroad Commission released numbers that put

drilling permits issued this year (2012) close to 4300• Last year alone over 43,000 jobs were created from Eagle

Ford Shale activity

Eagle Ford Shale


• South, Texas has often been characterized by high unemployment and poverty

• Eagle Ford has generated an “employment boom” in the region

• Recently, San Antonio hosted the “Texas Economic Development and Energy Job Fair”

• Over 800 job seekers attended the event

Growing an Economy


• Experienced workers as well as those new to the industry are interested in relocating to the region

• The oil and gas industry offers career stability and excellent pay especially in a state ranked as the largest oil-producer in the U.S.

• Moreover, the sudden rise in population spurs the growth of other sectors– Road development, increased utilities, housing, and other service

related industries

Developing Employees


• Several companies have opened operations to accommodate growing activity and investment bringing with them hundreds of jobs– Halliburton: 1,500 workers– Schlumberger: 500 workers

• Baker Hughes, Weatherford, and Forest Oil Corp. are all taking steps to ensure productivity in growth in the region

Company Expansion

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Case Study Pleasanton, Texas

• 35 miles South of San Antonio• Located in the heart of Eagle

Ford Shale the town is a “hub” for oil and gas companies invested in the shale formation

• The town has experienced changes indicative of events occurring throughout the entire region

• The town has grown over 30% in 2 years– The population is recorded close to

8,600, but is estimated to exceed 11,500

• In some locations, rent has nearly doubled ($ per sq ft/month)

• RV parks require a 180-day moratorium

• Sales tax revenues for the year so far exceed the 2010 total by over $1 million

http://eaglefordshale.com/news/pleasantons-eagle-ford-shale-location-primes-it-for-growth/

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BAKKEN SHALENorth Dakota


• 200,000 sq miles the Bakken Shale stretches under parts of Montana, North Dakota, and Saskatchewan

• Drilling activity in North Dakota has been steadily rising for over 6 years

• Horizontal drilling and hydraulic fracturing helped to increase the level of production

• Recently, North Dakota surpassed Alaska and became the 2nd largest oil-producing state

Bakken Shale


• Unemployment has dropped to under 3% in several counties

• Job openings have outnumbered the jobless 10 to 1 in certain areas

• The region has to overcome several obstacles (climate and housing shortages) to attract the number of workers needed

• Some employers have raised wages and offer other “bonuses” to attract workers

Growing an Economy


• Workers are moving to the region from all over the United States

• The region’s growth has been spurred by the use of hydraulic fracturing and horizontal drilling cementing the state’s position within the industry

• Employees and development are needed in a variety of industry’s to accommodate the growth

Developing Employees


• Nakota Development Company based in Jacksonville, Florida has opened its first Value Place in the region

• Enbridge has announced plans to build an oil pipeline to carry crude from North Dakota to Superior, Wisconsin

• ExxonMobil agreed to buy Denbury Onshore’s assets for $1.6 billion increasing its acreage and production in the Bakken

Company Expansion

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Case StudyWilliston, N. Dakota

• Williston is located at the center of the shale formation

• The shale play was originally discovered on property owned by a Williston farmer, Henry Bakken

• Williston has experience rapid growth and opportunity due to Bakken Shale activity

• The population has soared from 12,000 to 25,000 in 5 years

• Housing prices have increased and the shortage continues despite nearly 4,500 units being built in 2 years

• The city estimates it will need about $615 million in public works over the next five years

• Employee shortage exits throughout the cities oil and gas industry but extend to other industries including retail and medical

‘“We’ve had oil here for 560 years and we’ve had booms and busts. We never had anything as intense as we have now,”...’ Quote source

http://www.news-press.com/article/20121009/GREEN/310090003/N-D-town-feels-growing-pains-come-process



• Shale development promises to enhance employment opportunities for those interested/experienced in the oil and gas industry as well as a variety of other professions: real estate, retail, service, etc.

• The regions most directly affected by shale development experience increased opportunities, but face challenges associated with a rapidly increasing population

• Areas where Shale activity is underway or being explored are “hot beds” for professionals and companies

Challenges and Success

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Shale Formations Recent News• U.S. Regulators Struggle to Police

Shale Energy Boom Report• U.S. Energy Data Delayed by

Budget Fight: EIAReport

• Shale: A Game Changer for the U.S. EconomyReport

• Utica Shale is More Than A Shale PlayReport

• Eagle Ford: www.eaglefordshale.com

• Bakken Shale: www.bakkenshale.com

• Utica Shale: www.uticashalenews.com

• Shale Digest: www.barnettshalenews.com

http://www.reuters.com/article/2012/10/10/usa-shale-regulation-idUSL1E8LA00Y20121010?type=marketsNews

http://uk.reuters.com/article/2012/10/04/us-washington-eia-idUKBRE8931KR20121004

http://www2.timesdispatch.com/business/2012/oct/04/tdbiz01-shale-gas-a-game-changer-for-us-energy-eco-ar-2256100/

http://www.crainscleveland.com/article/20121009/BLOGS05/310099995

http://www.eaglefordshale.com/

http://www.bakkenshale.com/

http://www.uticashalenews.com/

http://www.barnettshalenews.com/

http://www.barnettshalenews.com/

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Oil and Gas Career Opportunities

Visit www.gasunlim.com and check out the latest job opportunities

Resumes can be sent to jobs(at)gasunlim(dot)com

http://www.gasunlim.com/


Information gathered from:N.Dakota GrowingEmerald Oil Acreage AcquisitionEnbridge Oil PipelineExxonMobil Expands OperationsSeeking Workers in the Oil PatchProsperity and Problems to South TexasPleasanton: Prime Location Eagle FordShale Attracts Job SeekersEagle Ford Employment Boom



http://www.msnbc.msn.com/id/49326704

http://www.tulsaworld.com/business/article.aspx?subjectid=49&articleid=20121004_49_E3_CUTLIN44781&rss_lnk=5

http://www.trefis.com/stock/xom/articles/145033/exxon-mobil-expands-operations-in-bakken-with-1-6-billion-deal/2012-09-24

http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=4852

http://www.khou.com/news/Oil-and-Gas-Boom-brings-prosperty-and-problems-to-small-South-Texas-towns-172964921.html

http://eaglefordshale.com/news/pleasantons-eagle-ford-shale-location-primes-it-for-growth/

http://www.chron.com/business/article/Shale-jobs-attract-interest-from-far-away-3811321.php

http://beta.fool.com/edgarambart30/2012/06/04/eagle-ford-shale-sparking-employment-boom-san-anto/5268/

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