The oil and gas industry will most likely seek out top talent as the 1.6 million 2014 college graduates estimated by National Association of Colleges and Employers (NACE) will soon enter the workforce, Rigzone reported.
Oil and gas production from the Bakken and Three Forks shale developments are providing considerable stimulus to the state’s economy.
According to The Business Journal, the company successfully finished a $77 million senior secured credit facility that includes a five-year term loan to fund the growth in business.
The Energy Information Administration reported monthly oil production in the U.S. is estimated to exceed imported oil in by the end of next year for the first time since 1995.
According to Research and Markets, the U.S. fracking industry is expected to reach $15.5 billion in 2018 due to the abundance of shale gas resources in the country.
According to researchers from the University of Texas at Austin, extracting shale gas through fracking saves around 25 to 50 times more water than coal mining methods, reported Time Magazine.
Occupational health regulations have warned employers about employees developing harmful health effects from this. However, the connection between fatal lung diseases and silica has not been strongly quantified until recently.
As employers now have to follow the U.S. Occupational Safety and Health Administration’s revised hazard communication standards, now is an opportune time to go over common sources of chemical, gas and electrical hazards that may endanger the health and well-being of workers.
As energy companies guard against occupational hazards associated with oil and gas drilling, it’s important to remember that workers at hydraulic fracturing sites also face similar safety hazards.