Eagle Ford Shale = More Jobs?

Yes, we have all heard that Texas is the state where all the oil is and how Eagle Ford Shale is producing more jobs.  What we haven’t heard is how drilling and fabrication companies are coming back in the Pennsylvania area because of the Marcellus Shale!

“In January through August
of this year, 1,242 wells were drilled into the Marcellus Shale in Pennsylvania alone. That's why the French company Vallourec is building a new $650 million mill in Youngstown. The green-roofed facility is huge — about 1 million square feet. Production is expected to begin in a few months, but already the Brier Hill neighborhood is perking back up. Around the region, you can find many stories of businesses doing well because of the drilling boom — especially in Pennsylvania”

“Pennsylvania's Department of Labor and Industry collects specific data on how many people have been hired because of the natural-gas drilling boom.  Hiring for "core-related industries" has spiked from, 501 in 2008 to 11,913 this year.”

Read More : http://www.npr.org/2011/10/13/141139535/gas-drilling-boom-brings-new-life-to-steel-industry