Vallourec Star layoffs affect Youngstown and Girard budgets
Sunday, November 15, 2015
The downturn in the oil and gas industry has undoubtedly affected related sectors, including manufacturing companies. Vallourec Star, located in Youngstown, has gone through two rounds of layoffs this fall. The company produces seamless pipelines for the shale oil and gas industry.
Shale Play Ohio Valley reports that once the industry rebounds, Vallourec leaders are confident that business will pick back up for them. The company has improved productivity and has state-of-the-art equipment.
The layoffs will impact the city of Youngstown as well as Girard, where the Vallourec plant was once located.
Via: Shale Play Ohio Valley > Officials prepare to work on spending plans
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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.