Outlook on local gas industry, Encana says it’s looking to expand the company in the future despite some other companies sending people to work in the oil fields on North Dakota

Outlook on local gas industry, Encana says it’s looking to expand the company in the future despite some other companies sending people to work in the oil fields on North Dakota by Janelle Ericsson, August 23, 2012, kjct8
A local oilfield services provider is sending 70 employees to work in North Dakota, but companies like Encana and WPX Energy say it’s not a bad sign for the industry. Energy officials say North Dakota is known for it’s oil and drilling on the Piceance Basin is for natural gas. Meaning, it’s not competing or taking our local jobs away. In fact, Encana says the future of it’s company is looking promising. “We’re looking at staying at a 5 rig level for the remainder of 2012,” Sandy Kent, community relations for Encana said. “We are building a new office building which we will be moving into in October and we are excited about that. It houses 320 employees and currently we have 200 so we have room for growth.” Encana says May hit an all time low for gas prices. Prices are beginning to pick up again and that’s a good sign for the industry.

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