A recent report has detailed the 10 highest paying jobs in the Marcellus and Utica Shale regions.
Advancements in horizontal drilling and the development of unconventional shale plays such as the Marcellus and Utica has been driving the economy in the northeast to exponential growth. The region currently has one of the lowest unemployment rates in the nation and over the past few years there has been a surge of new jobs being created, not only within the oil and gas industry, but with associated industries like construction and manufacturing.
For example, in 2007 Pennsylvania was ranked 10th for states with the most employed in the oil and gas industry to number six in 2012, an employment increase of about 260 percent. West Virginia has experienced similar growth, although at a slower pace. Ohio has also experienced a drop in unemployment from a year ago when the rate was at 7.4 percent, with new unemployment rates being rated at around five percent, depending on the area.
Although a significant number of jobs being created are vicariously linked to the oil and gas industry, the energy-related jobs most certainly rank as the highest paying. Even entry level positions pay around $70,000 per year. But hiring within the industry is becoming more competitive as companies vie to hire the best possible candidates.