I had the opportunity to attend the Fourth Annual Meeting of the Marcellus Shale Coalition on October 16, 2013, at the Carnegie Music Hall in Pittsburgh. As a staff member in the oil and gas industry, this was an eye-opening experience to be exposed to the challenges and forthcomings of the industry.
In addition to the reception and networking opportunities, the event included a discussion from five Marcellus Shale Coalition board member companies. The discussion focused on the current and future challenges and opportunities for the oil and gas industry. Some common issues consist of conducting business with landowners, environmental safety, and maneuvering through the permit process with the local, state, and federal government. Even with the industry’s challenges, the Coalition members foresee a prosperous future for the oil and gas industry.
The change from where the industry was just a few short years ago to where it currently stands is night and day. In the beginning of 2013, Marcellus industry related jobs totaled 240,000 with statewide new hires in the core industries up 29.4% as compared to 2010. Pennsylvania is producing nearly 10% of the nation’s natural gas and a quarter of the on-shore shale gas. With the increase in interest and development, the future is bright for a sustainable energy source in Pennsylvania and the nation as a whole.
Below is a video that was shown at the annual meeting depicting where the industry was a few short years ago and where it is now: http://marcelluscoalition.org/2013/10/then-and-now/.
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