The Good News About Shale Development Abounds
Shale related jobs in Ohio are up 79% in the last two years, according to the Ohio Dept. of Jobs and Family Services.
The jobs average $71,661.00 per year.
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Replies to This Discussion
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Permalink Reply by Beth Kyer on
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Absolutely. Over the last 30-40 years I have watched this area that I love slowly rusting away. No one was hiring, mills and mines were closing. Now, everywhere you look, there are signs of growth. People and companies are hiring. I heard a businessman say the other day, "if you can pass a drug test, you can get a job." Big change already.
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Permalink Reply by 0i7okn54zwbdo on
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Not just the gradual build up of jobs but the slow, steady increase in royalties is what will transform the landscape. I estimate the low end of the 4Q13 LOR to be over $35,000,000. That's a huge amount of money to just plow into a regional economy, and that's just one quarter at the beginning of the play. And that doesn't factor in all of the people who have cashed out of mineral rights or royalties and used that money to pay down debt, improve their farms or properties, sent their kids to college, etc. The anti crowd doesn't get it, won't get, is incapable of getting it.
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Permalink Reply by james on
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Most of the Anti crowd owns little or no property, they are not gaining anything from the boom. If they were receiving bonus checks for $100s of thousands of dollars they wouldn't be crying about the gas/oil. It's easy to be anti drilling when you have a 1/2 acre lot in the middle of town and your not getting anything.
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Permalink Reply by james on
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I was at a gas/oil meeting around 2 years ago in Conneaut Lake, the gas company was showing facts about gas/oil drilling, and other facts. During the question and answer 1 old guy talked about ruining all the water and this and that and had nothing but negative remarks. I ask the guy how much land he had, he told me about 1/2 acre, not to hard to figure out why he didn't want any drilling in the area.
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Lots of local people can drive truck, haul and sell sand and gravel, have water to sell, own/work in restaurants and hotels, pharmacy, hospital, grocery stores, gas station selling diesel, convenicence store, ice cream shop, build fence, pave roads, trim trees, run campsites, sell trucks, rent heavy equipment and I could keep going for an hour. And these are all within a few miles of our house so it affects the economy in a positive way even if local people are not hired. And what about people from Ohio working in other states. My nephew has a degree in Psychology but got a job with Halliburton on a concrete crew ... got his CDL ... and they cement the casings for the wells. He lives in Ohio but works mostly in PA and WVa! We have met people from Ohio who had been in Oklahoma, Texas and came back home to work now and be near family. Now they pay taxes in Ohio. And won't the workers who come here and live and work pay taxes to Ohio? I believe they will. If they live here even part of the year they will file forms for both states and say how long they lived in each state. We work in Pa for just 3-4 weeks a year but live in Ohio. We do not even spend the night in PA and we file and pay PA Income Tax!
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Permalink Reply by Don C on
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Its really obvious that Columbiana county is busy, especially traffic and amount of people that are out and about.
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Permalink Reply by searcherone on
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I'll speak for the Ohio/West Virginia border area. I personally know local people who have gotten jobs as nightwatchmen and even a nightwatchwoman; pilot car drivers; a number of locals have gotten CDLs and are driving for oilfield service companies--they are the ones driving brine trucks, trucks hauling drill cuttings that are transported to landfills and some are trucking fracking sand.
Some locals who lost their jobs at Ormet which made aluminum are taking classes to become chemical operators for positions at well sites and in cracker plants. One boilermaker is hoping to hire in to building a local compressor station instead of being all over the country and Canada applying his skills.
As far as the trickle down, the largest one I know off is an aggregate supplier who has expanded his truck fleet as well as his yard of aggregates that are unloaded from barge into his riverside yard--those piles just keep getting bigger, then smaller, and then more barges arrive. Of course the gas stations/convenience stores are very busy. Even the local libraries have told me there is an increase usage of faxing services, wireless internet and tax forms. Lots of deed abstractors are using libraries for their office and there are still plenty of abstractors in the local courthouses. I almost forgot the local hardwares that are having booming business. So life is busy on the border.
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Permalink Reply by DONNA M SELLERS on
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Amen- to searcherone...
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Permalink Reply by Mark McGrail on
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US,
...and I have always appreciated that goods news and the other positive information you provide.
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Permalink Reply by Mark McGrail on
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In a previous thread I discussed the "re-shoring" of manufacturing. Which will also mean jobs for Americans.
These numbers from the Ohio Dept of Jobs and Family Services is just the beginning.
First come the jobs in the development of the shale. Then the jobs in production. Then the jobs from the manufacturers who move back to the U.S. to take advantage of an abundant inexpensive fuel source; natural gas from shale development.
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Permalink Reply by Mark McGrail on
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US,
Actually I borrowed the term.
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Permalink Reply by Mark McGrail on
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US,
"Employment has also increased in ancillary industries such as trucking, engineering services, environmental consulting ..." and con artists. 161,043 + 1 = 161,044.
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