Shale gas boom’s ripple effects on job market

natural gas fracking

If you’ve been paying attention, you’re aware that fracking has led to a domestic boom in the production of oil and gas, including places like North Dakota and Bakken shale formation. Naturally, this trend has created a number of jobs directly related to the oil and gas industry, but as populations explode in places like North Dakota with these workers, we’re naturally see a significant ripple effect as services are needed for these new workers. This goes far beyond just creating housing and other services. The economic ripple effect is great news for the American economy.

An example would be a company like Safety Oil Services, which is focused on helping “safeguard the wellbeing of employees and the natural environment within the high-growth sectors of oil and gas-related services, including drilling and fracking.” This is one of many companies that provides necessary services to this growing industry.

Also, the demand for workers goes well beyond those directly employed by the oil and gas companies and companies that service them. BusinessWeek has an interesting article on how the shale gas boom is bringing opportunities for women as well.

While men dominate North Dakota’s shale-oil industry, women in the region are starting complementary service businesses ranging from oil-well geology to occupational testing to day-care and medical clinics. “There are great opportunities for women,” says Kathy Neset, 57, president of Neset Consulting Service. “Whatever skill you have, we need it in western North Dakota.” Neset and her husband founded the geological services company in 1980 in Tioga, which is in the northwest part of the state. More than one-fifth of its 180 employees are women. Neset regularly gives presentations at elementary and middle schools in the upper Midwest, encouraging girls to pursue careers as geologists, where salaries range from $80,000 to $140,000 a year.

Naturally, this is having an impact on wages as well. Read the entire article for a great snapshot on how these job opportunities are expanding for everyone.

If you’re in a rut on your job search and you’re open to relocation, start researching the areas of the country that are booming due to the fracking boom. You don’t have to be an oil engineer or rig worker to find work!

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