In the News

Technology; The Leading Cause of America’s Energy Surge

Publish date: 
July 17, 2014

The shale revolution, which has taken over the oil and gas industry, is made possible because of horizontal drilling and hydraulic fracturing. 

Horizontal drilling is the most recent breakthrough to increase the shale boom. Contrary to popular belief, fracking is not the leading cause of the shale revolution. 

In the 1990’s, horizontal drilling was used for oil and not for the gas industry, but 15 years later, horizontal drilling became the innovation behind the shale revolution.  

Oil Boom, Leads to Job Boom

Publish date: 
June 29, 2014

According to Bloomberg, North Dakota became the fourth state to have oil production above one million barrels a day. Texas, California and Alaska are the three other states to produce a million or more barrels a day. Texas produces a record breaking three million barrels a day. It is predicted that these numbers could grow over the summer because of the pleasant weather, which leads to good conditions for crews to drill in.

Shale Production Boom Provides New Opportunities

Publish date: 
June 4, 2014

The oil and gas industry has been surrounded by the same veterans for years, but recently has seen an increase in young professionals. A result of advancements made in shale drilling machinery.  The veterans are calling this period of growth, “the great crew change.”

Four Times the Jobs in Oil and Natural Gas

Publish date: 
May 16, 2014

The growth rate for jobs in the oil and natural gas industry grew 7.2% over the last year, which is more than four times the national average.  According to the U.S. Bureau of Labor Statistics, the number of U.S. payroll jobs in general has only grown 1.7%.  What’s even more interesting is the fact that this statistic only tells part of the story.

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U.S. is the Rising Star of Global Manufacturing

Publish date: 
April 28, 2014

According to a report released last week by the Boston Consulting Group (BCG), the U.S. is once again a force to be reckoned with in the global manufacturing scene.  Thanks to falling domestic natural gas prices, rising worker productivity and a lack of upward wage pressure, the U.S. ranked second on the list of the world's top 25 exporting countries.  

America’s Energy Revolution Leads to A Decline of Imports

Publish date: 
April 3, 2014

According to the U.S. Energy Information Administration (EIA), total net U.S. energy imports declined last year.  They are at the lowest level in more than 20 years, as a result of growth in domestic oil and natural gas production and increased exports of finished petroleum products.  The combination of a large drop in energy imports and a smaller increase in exports led to a 19% decrease in net energy imports from 2012 to 2013.

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Colorado Oil Production Breaks Almost 60-Year Record

Publish date: 
March 18, 2014

Colorado produced nearly 63.2 million barrels of crude oil in 2013, a new state record for the booming energy industry. That represents a 28% jump from 2012, when the oil and gas wells produced only 49.3 million barrels, according to the Colorado Oil and Gas Conservation Commission (COGCC), which oversees the multi-billion dollar industry.

Oil and Gas Extraction Jobs Rising

Publish date: 
February 21, 2014

According to Pew Research’s annual survey, many Americans consider improving the job market situation to be of utmost priority. Unfortunately, in most industries a major improvement has not occurred and January’s employment numbers were even lower than predicted. Total U.S. non-farm employment rose just 0.1 percent from December 2013 to January 2014 and has only grown 1.7 percent in the last year.

Building an Energy Superpower

Publish date: 
January 14, 2014

In the first part of 2014, the U.S. will become the world’s number one producer of natural gas. We are also expected to be the number one country in oil output, according to the U.S. Energy Information Administration.

This means the country is on the verge of energy superpower stats. The following video highlights these points:

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