Upstream oil and natural gas jobs in Texas see biggest increase in a decade – Corridor News

By Bethany Blankley | The central square

JExas upstream jobs rose by 5,100 in February, the highest peak in more than a decade and the second highest in at least 32 years. The last time so many jobs were added to the industry was in June 2011.

“A year ago many people were wondering about the future of oil and natural gas and today people are wondering if they have a future without them. Our nation has an opportunity to reshape US energy policy that recognizes oil and natural gas as an asset rather than a liability,” said Todd Staples, president of the Texas Oil and Gas Association. “News of this historic job growth in Texas’ upstream sector is encouraging to all Americans as Texas continues to lead the way in meeting our energy needs, strengthening our national security, and ensuring environmental progress. continue.”

Since the low point in employment in September 2020, the industry has created 24,900 upstream jobs. The months of job growth also outnumbered the months of decline by 15 to 2.

February’s total of 181,900 upstream jobs represents a 12.8% increase from February 2021.

The upstream sector includes oil and natural gas extraction and some mining activities. It excludes industrial sectors of refining, petrochemicals, wholesale fuels, oilfield equipment manufacturing, pipelines and gas utilities, which support hundreds of thousands of additional jobs in Texas.

The 20,700 additional jobs compared to last February, noted the Texas Independent Producers and Royalty Owners Association (TIPRO), include an increase of 1,900 positions in oil and natural gas extraction and 18,800 jobs in the sectors services.

Strong vacancy data for the upstream, midstream and downstream sectors is in line with rising employment and shows strong demand for talent in the Texas oil and gas industry, TIPRO added.

“Growing global energy demand and tensions over oil and natural gas supplies exacerbated by geopolitical conflicts necessitate an urgent need to increase domestic production,” said TIPRO Chairman Ed Longanecker. “While the U.S. energy sector is not immune to the supply chain challenges and labor shortages presented by both COVID-19 and the ongoing conflict in Eastern Europe East, Texas oil and gas operators are poised to support growing energy demand here and around the world.

“To successfully meet this demand today and tomorrow, we need to encourage long-term investment in domestic production,” he said. “This includes taking immediate action on all applications for LNG export facilities and gas pipelines in the United States, ending the moratorium on new leases on federal lands, and stopping political rhetoric against our industry, including the inaccurate and irresponsible notion that the oil and natural resources gas sector is taking advantage of the global energy crisis to boost its profits. It is time to work together and develop real strategies to address the energy challenges facing American citizens and our allies abroad.

There were also 9,985 active unique job openings for the Texas oil and gas industry in February, TIPRO said, a 20% increase from January.

Among them, support activities for oil and gas operations had the highest number of unique jobs available at 2,712. Crude oil extraction had the second highest at 1,239 and petroleum refineries at 905.

The top three cities in terms of unique oil and natural gas job openings were Houston, Midland, and Odessa. The highest number of jobs available in the industry are in Houston with 3,319, followed by 1,048 jobs available in Midland and 541 jobs available in Odessa.

The top three companies ranked by unique job postings in February were Baker Hughes, National Oilwell Varco, Inc. and Halliburton, TIPRO noted. The most available jobs posted were heavy truck drivers, maintenance and repair workers, software developers, software quality assurance analysts and testers.

Texas’ oil and gas industry produces the most raw and natural gas in the United States. Under the Trump administration, the United States overtook Saudi Arabia in producing the most crude oil in the world. The three largest crude oil producers in the world are the United States, Saudi Arabia and Russia.

Texas’ oil and natural gas industry paid a record $15.8 billion in state and local taxes and royalties in fiscal year 2021, funds that directly support schools, teachers, roads, infrastructure and a range of essential Texas services.

The industry’s contribution of $15.8 billion is equivalent to more than $43 million paid to the state in taxes every day.

Last year, the industry also paid 20% more in state royalties and production taxes than the previous year, and production taxes exceeded $5 billion for only the third time in Texas history.



RELATED NEWS

Oil and Gas Expansion Accelerates as Outlook Improves Significantly and Russia’s 2022 Oil Supply Shock

In Texas, calls to boost US oil production after Russian invasion run into harsh realities

Congress eyes renewable energy spending as critics say US needs more oil production

Source link

About Bob C. Zoller

Check Also

Amazon India claims to have created more than 11.6 million jobs; $5 billion export permit

Amazon India said on Sunday that it has cumulatively created more than 11.6 lakh direct …