Oil and Gas Employment Starts 2019 Positively



Oil and Gas Employment Starts 2019 Positively
After the industry stabilized, there was a reprieve from layoffs and instead, hiring began to pick back up.

This time two years ago, the oil and gas industry was lamenting job losses due to the downturn and many disconcerted oil and gas professionals sought out work in other fields.

About this time last year, the industry had returned to $50 oil and it was enough to stimulate some significant hiring in the upstream sector.

In fact, taking a microscope to Texas – a strong oil and gas state – oil economist Karr Ingham said Texas really flexed its muscle in 2018 in regard to production. He noted the state’s crude oil production made up 40 percent of total U.S. production and that percentage is expected to increase by the end of 2019.

And Texas upstream employment saw substantial increases in 2018.

According to the Texas Alliance of Energy Producers’ Texas Petro Index, jobs in oil and gas extraction increased by an average of 3.5 percent from 2017 to 2018 while jobs in oil and gas support services increased by an average of 21.3 percent.

“For all of 2018 as whole, oil and gas employment went as I might have expected it to, given crude oil prices…” Ingham told Rigzone. “The only hiccup last year was one of month of employment decline measured by the Texas Workforce Commission (TWC) from October to November.”

The TWC revealed a decrease of about 500 jobs during that time period.

“I’m 100 percent certain that was a statistical anomaly,” said Ingham. “It happened at a time – the very same month – that crude oil prices started to fall.”

Ingham maintains it had no connection to declining oil prices from October to November. In fact, employment recovered in December to surpass October’s numbers.

Look Ahead: Industry Employment in 2019

Rigzone conducted a survey of recruiters around the globe in fourth quarter 2018 and 70 percent indicated that they expected to recruit more in the near future.

Sixty-five percent said they recruited more in first half of 2018 than in the second half of 2017.

Chris Sharron, global talent acquisition manager for Anadarko Petroleum Corporation, recently told Rigzone his company’s hiring from 2017 to 2018 more than doubled.

This signifies a positive trend.

“We definitely saw hiring start to pick up in 2018 … there was a real shift in moving toward more technical positions like data science, data engineering and data analytics,” Sharron said. “We also saw a lot of hiring closer to the wellhead – production engineers, operators, mechanics, etc. – to support production.”


12

View Full Article

WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Wes zimmerman  |  February 17, 2019
Take a real survey of out of work industrial construction workers. Wages are down, per diem is being taken away. Jobs are not forecast to start up again for six months