Posted September 23, 2014
Shale Boom Buoys Businesses Far Removed from Oilfields
FuelFix Blog: From steel pipe manufacturers to companies that produce sand and gravel, the U.S. shale boom is buoying businesses far removed from the oil and gas fields, a new study finds.
These companies are benefiting from the huge investments needed to explore, produce, process and transport oil and gas unlocked from previously inaccessible dense rock formations through advances in hydraulic fracturing and horizontal drilling, according to the findings by Houston-based energy analyst firm IHS.
The boom has been most generous to companies working in states with the most oil and gas activity, but the economic boost has also trickled down to steel-makers and machine tool manufacturers based in regions with no production, the report said.
Read more: http://bit.ly/Zc8XdN
More industry news:
North Dakota Tops U.S. Income Gains Thanks to Fracking Boom: http://nws.mx/1sVYgTD
Kinder Morgan Builds out Gulf Coast Logistics Hub in U.S. Oil Boom: http://reut.rs/XVQqB2
U.S. Gasoline Prices Fall to Lowest Since February: http://bit.ly/1sVXZAc
Big Data Analytics in Oil and Natural Gas: http://bit.ly/1sVZQF7
Pennsylvania Schools Preparing Students for Jobs in Oil and Natural Gas Industry: http://bit.ly/1sVYTwK
ABOUT THE AUTHOR
Mary Schaper is a Digital Communications Manager for the American Petroleum Institute. She previously worked on Capitol Hill for the Senate Energy and Natural Resources Committee as Digital Director and for Senator Lisa Murkowski. Before coming to D.C., she spearheaded digital strategy for Murkowski's successful Senate write-in campaign in 2010. Schaper enjoys traveling and taking in the local culture alongside her husband, their son and loyal springer spaniel.