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TODAY'S HOTJOBS
     
 

OIl and Natural gas

Demand

for Oil and Gas Employees

Increasing demand for oil and gas is challenging the oil and gas industry for several reasons. First, industry has recovered most easily accessible oil and gas resources. Much of the remaining oil and gas is in deep, remote and complex reservoirs which involve high cost and high risk, or in small reservoirs requiring frequent drilling. Second, the industry must comply with constantly changing regulation. Third, there are not enough skilled oil and gas workers. The number of engineering and geology graduates has steadily declined since 1982. If this trend continues, there will be fewer qualified workers now than there were 20 years ago. The average age of the oil and gas employee, at 49, is the highest of any industry.

The Future: Energy Outlook


The world population is currently around 6 billion people, but is expected to grow to approximately 7.6 billion by 2020. That will mean an increase in the demand for transportation fuels, electricity, and many other consumer products made from oil and natural gas.

U.S. gas production is forecast to rise substantially between now and 2030. This increase comes from unconventional places right here in the Rocky Mountain Region—natural gas trapped in tight sands, coalbed methane (CBM) and other sources. The Rocky Mountain Region, with the majority of the unconventional production, will produce more because of improved technologies and abundant resources. The Rockies will become the country’s highest producing region by 2030, capable of heating 60 million households for more than one year.7 In 30 years, production of shale oil, a type of unconventional oil, could be enough to fuel 35 million cars each year.  This production will provide America with $40 billion in annual economic benefits and could push oil prices downward. The industry plans to drill thousands of new wells, and CBM activity is at an all-time high in the area. Current production cannot keep up with demand. Skilled workers are desperately needed to help industry meet the demand for natural gas today and in the future.

 

 

 
     
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