Catch a glimpse of what you missed from “Shale Gas Puts Wind in the Sails of the US Economy”
Up for Consideration: How shale plays around the country have enormous economic impact that buoys local economies and is priming a huge bump for the US manufacturing sector.
The Skinny: The economic benefits of shale gas are being felt not only in production areas but across the nation. As industries shift to meet the rising demands of shale gas production, old industries find new life, and new industries are born.
What it Means: When you look at Bakken play specifically, the potential impact of shale gas on the US economy is obvious:
• The Bakken play is estimated to be America’s largest continuous oil accumulation.
• Since hydraulic fracturing and horizontal drilling were introduced, production has hit 800,000 barrels per day.
• Bakken production in North Dakota has outpaced Alaska, making it the country’s number two oil producer, second only to Texas.
The Take-Away: As evidenced by the juggernaut of economic prosperity that’s resulted from the Bakken Play in North Dakota, shale gas production is giving the US economy a crucial boost that’s being felt across the board — positively impacting employment, manufacturing, transportation, and other factors vital to our nation’s growth and energy independence.
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