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Adapting to Change: The US Oil and Gas Industry

22/11/2013
Fircroft US Oil and Gas IndustryIt’s truly been a fascinating time for the American oil and gas industry over the last decade. Even as recently as 6 years ago it was written that “the amount of oil produced in America each year has been on a path of inexorable decline now for two generations.”
 
There was a sense that the dominance of oil and gas production was going to move towards Russia and other oil-producing countries, thus America started to create more advanced technologies to better import oil. Yet the US is still dominating the oil and gas market and Fircroft continues to supply contract personnel to oil and gas clients across America from our offices in Houston, Anchorage, New Orleans, Toledo and Pittsburgh.

So what’s changed? The game changer for the US has been the reserves of shale oil and gas and the technology that’s been developed in order for it to be accessed. This technology has created a plethora of new jobs and opportunities that Fircroft has been helping to fill.
 
Whilst it is true that Russia also has vast quantities of shale gas to be accessed it has fallen behind in terms of the drive to embrace horizontal drilling and the hydraulic fracturing that is needed to do this. It is true that there is some controversy about fracking but there is no denying the much needed shot in the arm that it has been for the US economy.
 
This year the United States is expected to actually pass Russia in production of oil and natural gas, according to the U.S. Energy Information Administration. All in all, this means that this is a fantastic time to work in the boom happening in North America’s oil and gas industry. It has created economic growth at a time when it’s been sorely needed and created over directly 600,000 jobs which are attributed to shale gas.
 
It has been claimed that there could be 1 million employed in the industry by 2025. The best news is there are still new reserves being discovered every year, especially in Texas, showing that this boom could really last. Fircroft’s offices located at the heart of America’s oil and gas-producing regions mean that we are well-positioned to support and facilitate the much-needed new employment needed in this growing sector.
 
The improvements have had positive effects in North Dakota, Alberta and Pennsylvania. It has helped to create some of the lowest oil and gas prices in the developed world for American consumers.

The boom has also had far reaching influences, for example, in North Dakota residents have found that that their wages have increased 40% since 2009, as they’ve welcomed this new technology. In 2010, Pennsylvania’s natural gas development was responsible for nearly 140,000 jobs. It was also shown in a study that those working in jobs related to oil and gas were earning wages of $62,000 on average, which is nearly £25,000 more than the national average.

The US has imported 32% less natural gas and 15% less crude oil in the last five years. The amount of crude oil coming from the US’s best plays in South Texas and North Dakota is still rising and is also creating great job opportunities. As the first major economy to take advantage of the new shale processes, America is currently winning in the global energy race; creating investment and a positive cycle for job seekers in this industry.

Here at Fircroft we’ve worked closely with many oil and gas clients based in the USA and are very excited about the opportunities that we’re able to offer. Working in America comes with an incredible number of advantages because it is one of the most advanced countries in the world. The variety of culture, food, entertainment and standards of living are all incredibly high and it has the largest national economy in the world.

We are currently looking for engineers for a number of different roles at different levels across the US. If working in this booming industry appeals to you you’ll want to take a look at the current jobs available.

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