Drilling is just the beginning

 

Domestic unconventional oil and natural gas production has had a profound impact on our nation’s economy. The positive impacts stretch far beyond the end users such as residential houses, small businesses, and large industrial customers. Natural gas and natural gas liquids are providing tremendous feedstocks for countless other industries to produce steel, paints, chemicals, plastics, fertilizers, medicines and more. New domestic oil production also has had a significant impact on the economy across virtually all facets as natural gas.
 
Range Resources believes that the future is bright for our country. Various reports have backed that up by looking at the different ways domestic oil and natural gas production has impacted our economy.

Bank of America Merrill Lynch says The economic benefits of far-reaching new finds of domestic oil and natural gas are fast approaching $1 billion a day and may be keeping the U.S. out of another recession.” Researchers from Yale University found that “as a country, consumer benefits from the technology of shale gas drilling and new gas production can be expected to exceed $100 billion per year, year in and year out.”

IHS concluded that in 2010 “unconventional gas activity supported 1 million jobs; this will grow to nearly 1.5 million jobs in 2015 and to over 2.4 million in 2035.” To expand on that, The American Petroleum Institute
determined that as an entirety “The oil and natural gas industry’s impact on the U.S. economy is significant, supporting nearly 9.2 million American jobs.”
 
New technology, creativity and ingenuity have lead to the success of domestic oil and gas production. Range knows the importance of sharing our vision through mediums like field tours, community outreach events, and transparent communication. 
   
Midcontinent Division
Midcontinent Division
Southwest Division
Midcontinent Division