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Goldman Sachs: 100K oil, gas workers needed for US shale growth

21 Jul 2016
Goldman Sachs has forecasted a substantial increase in U.S. shale production next year, announcing the industry will need to hire 80,000 to 100,000 workers to accommodate the growth. 

The global investment firm stated in a recent report that the rig count is expected to more than double between now and the end of 2017.  The report also included the estimated amount of land rigs in Q4 2018, stating that the 1,069 projects will require at least 120 workers for each rig. 

The company added that the industry’s desirable salary and amount of work available, combined with a sufficient pool of unemployed workers justifies their comments. 

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