Marcellus Shale – Economic Impact Growing
Delta Rigging & Tools is actively working in the Marcellus Shale play (along with many others, including the Bakken,Haynesville, Eagle Ford, Bakken, Barnett, etc.) . Delta’s customers in these areas know that we have the focus on Safety, Service, Quality and Value that they need, and carry the largest inventory of rigging and lifting equipment for use in shale field drilling, development and production.
A recent article in Downstream Today highlights the positive economic impact these shale plays are having on the US Economy. The article noted that:
“Production from the Marcellus shale already has turned a $100 million deficit in the U.S. balance of trade for chemicals to a $3.7 billion surplus last year.”
Cal Cooley, President and CEO of the American Chemistry Council (ACC), was quoted in the article as saying:
“Industry leaders such as Dow Chemical and Eastman Chemical have re-started plants idled by the recession. Other companies are expected to announce expansion plans in the U.S.”
The ACC Study that showed even a 25% increase in US Natural Gas supply could result in:
- 17,000 new high-paying jobs in the Chemical industry
- Nearly 400,000 jobs in related industries
- $4.4 billion more in federal, state, and local tax revenue
- A $32.8 billion increase in U.S. chemical production.
- $132.4 billion in U.S. economic output
That would represent as significant amount of economic growth that would benefit virtually every industry in the United States, and certainly the Rigging & Lifting industry.
As these fields develop, Delta Rigging & Tools will continue to be there to provide the lifting and rigging equipment, services and support needed.
Delta Rigging & Tools – When Every Lift Counts™