Natural gas extraction on the Eagle Ford Shale in South Texas has developed to the point that the oil field services company Halliburton has decided to build a $50 million operations base in San Antonio.
The Houston-based company announced yesterday that it is looking to hire 1,500 people to staff the center. Annual salaries will average $70,000, the Houston Chronicle reports.
When Halliburton reported its quarterly earnings last month, it announced record breaking profits at its North American operations: more than $1 billion. Much of that was on the back of the booming natural gas industry, which has taken off with technological advances in hydraulic fracturing, or “fracking” – a practice that allows access to natural gas stored in shale rock 5,000 feet underground.