Articles from December, 2013

December 31, 2013- Industry News

New well counts increased in 2012

As the oil and gas industry prepares itself for the new year, recent reports show drilling investments continue to outpace previous years while production is booming, which could mean this trending growth could continue into 2014.

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December 31, 2013- Industry News

Oil and gas industry likely to hire new skilled workers as baby boomers retire

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.

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December 31, 2013- Industry News

Additional support granted to North Dakota oil and gas companies

Oil and gas production from the Bakken and Three Forks shale developments are providing considerable stimulus to the state’s economy.

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December 30, 2013- Industry News

Wis., frack and mine company secures $77 million loan to expand operations

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.

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December 27, 2013- Industry News

EIA: US oil production in 2014 expected to surpass imports for first time since 1995

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.

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December 26, 2013- Industry News

Gas hydraulic fracturing industry to reach $15.5 billion by 2018 in the US

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.

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December 24, 2013- Equipment News - Industry News - Product Innovations

Fracking for natural gas could save billions of gallons of water in the US

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.

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December 19, 2013- Health & Safety News - Industry News

Two new reports linking silica to lung cancer call for more worker protection

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.

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December 18, 2013- Health & Safety News - Industry News

5 ways to prevent injuries from chemical and electrical hazards on oil and gas sites

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.

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December 17, 2013- Health & Safety News

Oil and gas industry workers need precautions against falling, moving equipment

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.

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