Archived Energy Newsletters
Although worker safety hazards in the oil and gas extraction industry are well-known, there is very little published data regarding occupational health hazards—such as the types and magnitude of risks for chemical exposures—during oil and gas extraction operations.
Shale gas exploration represents vast economic opportunity and an environmental advantage over other fossil fuel sources. However, the extensive use of horizontal drilling and multi-stage hydraulic fracturing means that there are specific, unique risks involved in this type of drilling that are not present in low-pressure, low-volume drilling.
According to the Bureau of Labor Statistics, nearly 500,000 workers are currently employed in the oil and gas extraction industry in the United States, and that number is on the rise as the world’s demand for energy continues to grow. This increase means more risks for well operators as they struggle to keep up with demand. Fortunately, there are many types of coverages available to those in the oil and gas industry to help mitigate these risks.
2022_06 Insurica Energy Times
