Noble Energy cuts positions in southwestern Pennsylvania
Sunday, April 19, 2015
Pittsburgh Business Times reports that Noble Energy is another oil and natural gas company cutting its southwestern Pennsylvania workforce in the wake of low energy prices.
The newspaper reports that the company is cutting 220 positions, 20 of which are in southwestern Pennsylvania. The company says the cuts are designed to keep its organizational structure aligned with expected activity in each shale play.
Consol Energy recently announced its decision to lay off 5 percent of its workers. Noble and Consol are jointly developing the Marcellus Shale.
Via: Pittsburgh Business Times > Noble Energy trims local workforce
Related:
- Consol Energy to lay off CNX gas division workers April 14, 2015
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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.