Used to obtain oil, natural gas, geothermal energy, or water from deep underground, hydraulic fracturing has become a proven drilling technology since its first use in 1947. In the U.S. alone, fracking has produced more than seven billion barrels of oil and 600 trillion cubic feet of natural gas.
Buoyed by fracking production, the U.S. oil and gas industry earned record profits in 2022, providing ample cash flow to fund their strategies in 2023. According to a report from Deloitte, the global upstream industry is projected to generate its highest-ever free cash flows of $1.4 trillion in 2022.
Looking to the future, a comprehensive research report suggests fracking valuation in the U.S. is poised to reach $34.8 billion (USD) by 2030, registering an 14.2% compound annual growth ratethroughout the forecast period (2022–2030).
With growth forecast across the industry, companies in the resource sector will be under pressure to keep pace. Finding accommodations and managing travel complications while ensuring workers remain safe, secure and satisfied will be vital to staying competitive.
How does LodgeLink help our fracking customers?
With LodgeLink you get improved visibility, reporting, and efficiency to transform your workforce travel experience
End-to-end solution for workforce travel
Online crew accommodation booking and management, plus air and ground transportation services.
A platform built around the unique needs of crews
Simplified payment and reconciliation, powerful reporting and cost control
24/7 Customer support
Lean on us for help with reservations, hands on concierge transportation service and project planning support.