The document discusses two major shale formations in the United States - the Eagle Ford Shale in Texas and the Bakken Shale in North Dakota. It describes the geographic extent of each shale play and notes increasing production from both regions due to advances in drilling and completion technologies. The document also discusses how shale development is boosting local economies through job and population growth but challenges around housing shortages and developing infrastructure to support growing communities.
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Shale boomeagleandbakken
1. The Shale Boom
Eagle Ford Shale and Bakken Shale
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2. A Quick Review
• In 2011, 94% of gas consumed in the U.S. was domestically
produced
• The U.S. should be in a position to predominantly consume
domestic gas for several years
• Shale development should boost U.S. natural gas production
nearly 29% in 25 years
Read more: Shale Gas
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4. Eagle Ford Shale
• 400 miles long and 60 miles wide
• Spans the Texas-Mexico border out to areas of East Texas
• The Texas Railroad Commission released numbers that put
drilling permits issued this year (2012) close to 4300
• Last year alone over 43,000 jobs were created from Eagle
Ford Shale activity
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5. Growing an Economy
• South, Texas has often been characterized by high
unemployment and poverty
• Eagle Ford has generated an “employment boom”
in the region
• Recently, San Antonio hosted the “Texas Economic
Development and Energy Job Fair”
• Over 800 job seekers attended the event
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6. Developing Employees
• Experienced workers as well as those new to the industry
are interested in relocating to the region
• The oil and gas industry offers career stability and
excellent pay especially in a state ranked as the largest oil-
producer in the U.S.
• Moreover, the sudden rise in population spurs the growth
of other sectors
– Road development, increased utilities, housing, and other service
related industries
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7. Company Expansion
• Several companies have opened operations to
accommodate growing activity and investment bringing
with them hundreds of jobs
– Halliburton: 1,500 workers
– Schlumberger: 500 workers
• Baker Hughes, Weatherford, and Forest Oil Corp. are all
taking steps to ensure productivity in growth in the region
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8. GAS Unlimited Inc
Case Study
Pleasanton, Texas
• 35 miles South of San Antonio • The town has grown over 30% in 2
years
• Located in the heart of Eagle – The population is recorded close to
Ford Shale the town is a “hub” 8,600, but is estimated to exceed
for oil and gas companies 11,500
invested in the shale formation
• The town has experienced • In some locations, rent has nearly
doubled ($ per sq ft/month)
changes indicative of events
occurring throughout the entire
• RV parks require a 180-day moratorium
region
• Sales tax revenues for the year so far
exceed the 2010 total by over $1 million
http://eaglefordshale.com/news/pleasantons-eagle-ford-shale-location-primes-it-for-growth/
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10. Bakken Shale
• 200,000 sq miles the Bakken Shale stretches under parts of
Montana, North Dakota, and Saskatchewan
• Drilling activity in North Dakota has been steadily rising
for over 6 years
• Horizontal drilling and hydraulic fracturing helped to
increase the level of production
• Recently, North Dakota surpassed Alaska and became the
2nd largest oil-producing state
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11. Growing an Economy
• Unemployment has dropped to under 3% in several
counties
• Job openings have outnumbered the jobless 10 to 1 in
certain areas
• The region has to overcome several obstacles (climate and
housing shortages) to attract the number of workers
needed
• Some employers have raised wages and offer other
“bonuses” to attract workers
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12. Developing Employees
• Workers are moving to the region from all over the United
States
• The region’s growth has been spurred by the use of
hydraulic fracturing and horizontal drilling cementing the
state’s position within the industry
• Employees and development are needed in a variety of
industry’s to accommodate the growth
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13. Company Expansion
• Nakota Development Company based in Jacksonville,
Florida has opened its first Value Place in the region
• Enbridge has announced plans to build an oil pipeline to
carry crude from North Dakota to Superior, Wisconsin
• ExxonMobil agreed to buy Denbury Onshore’s assets for
$1.6 billion increasing its acreage and production in the
Bakken
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14. GAS Unlimited Inc
Case Study
Williston, N. Dakota
‘“We’ve had oil here for 560 years and we’ve had booms and busts. We never had anything as intense as we have now,”...’
Quote source
• Williston is located at the center • The population has soared from 12,000
to 25,000 in 5 years
of the shale formation
• Housing prices have increased and the
• The shale play was originally shortage continues despite nearly 4,500
discovered on property owned units being built in 2 years
by a Williston farmer, Henry • The city estimates it will need about
Bakken $615 million in public works over the
next five years
• Williston has experience rapid • Employee shortage exits throughout the
growth and opportunity due to cities oil and gas industry but extend to
Bakken Shale activity other industries including retail and
medical
http://www.news-press.com/article/20121009/GREEN/310090003/N-D-town-feels-growing-pains-come-process
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15. Challenges and Success
• Shale development promises to enhance employment opportunities for
those interested/experienced in the oil and gas industry as well as a
variety of other professions: real estate, retail, service, etc.
• The regions most directly affected by shale development experience
increased opportunities, but face challenges associated with a rapidly
increasing population
• Areas where Shale activity is underway or being explored are “hot
beds” for professionals and companies
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16. GAS Unlimited Inc
Shale Formations Recent News
• Eagle Ford: • U.S. Regulators Struggle to
Police Shale Energy Boom
www.eaglefordshale.com Report
• Bakken Shale: • U.S. Energy Data Delayed by
www.bakkenshale.com Budget Fight: EIA
Report
• Utica Shale: • Shale: A Game Changer for
www.uticashalenews.com the U.S. Economy
• Shale Digest: Report
www.barnettshalenews.co • Utica Shale is More Than A
Shale Play
m Report
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17. Oil and Gas Career Opportunities
Visit www.gasunlim.com and check out the latest job
opportunities
Resumes can be sent to jobs(at)gasunlim(dot)com
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18. Information gathered from:
N.Dakota Growing
Emerald Oil Acreage Acquisition
Enbridge Oil Pipeline
ExxonMobil Expands Operations
Seeking Workers in the Oil Patch
Prosperity and Problems to South Texas
Pleasanton: Prime Location Eagle Ford
Shale Attracts Job Seekers
Eagle Ford Employment Boom
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19. GAS Unlimited Inc
15999 City Walk Suite 200
Sugar Land, Texas 77479
Visit Us Online: gasglobal.com