Halliburton closing Indiana County office, moving to Zanesville
Monday, July 6, 2015
Pittsburgh Tribune-Review reports that Halliburton is closing its Indiana County, Pennsylvania, office and will move to an office in Zanesville, Ohio by the end of 2015.
Ninety jobs will be cut as a result of the Homer City office closure. The remaining workers will have the choice of moving to the Zanesville location or elsewhere. The company decided to close the office because of low gas prices and more drilling activity in southwestern Pennsylvania and eastern Ohio.
Earlier this year, Halliburton said it would cut 6,000 of its 80,000 employees because of slowing gas and oil exploration and low prices.
Via: Pittsburgh Tribune-Review > Halliburton to close Indiana County office
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.