Texas Upstream Adds 4,300 Jobs
The Texas Oil and Gas Association (TXOGA) reported Tuesday that the state’s upstream sector added 4,300 jobs in March.
In addition to representing the third straight month of an upstream employment uptick in the state, the latest figure marks the largest single month-over-month gain since the summer of 2011, TXOGA revealed in a written statement emailed to Rigzone. The trade organization bases its findings on data from the Texas Workforce Commission.
“As our state continues to recover economically from the effects of the COVID-19 global pandemic, continued gains in the upstream sector of the Texas oil and natural gas industry are another sign that life is getting back to normal for many Texans,” remarked TXOGA President Todd Staples.
Since bottoming out in September 2020 amid the pandemic, Texas’ upstream sector has added 12,000 jobs, TXOGA noted. The organization also observed the state’s upstream job count has grown five of the past six months, most recently totaling 169,700. As the graph below from TXOGA shows, the latest figure represents an approximately 50,000-job shortfall from the corresponding period in 2020.
IMAGE SOURCE: TXOGA
“Oil and natural gas will continue to play an essential role in environmental progress and the energy and economic strength of Texas, providing power, products, high-paying jobs, and billions in government revenues for decades to come,” said Staples. “Positive trends in the oil and natural gas industry benefit every Texan, whether you live near the oil patch or not.”
To contact the author, email mveazey@rigzone.com.
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.
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Rooftop Solar Now 4th Largest Source of Electricity in Australia
- US Confirms Reimposition of Oil Sanctions against Venezuela
- EU, Industry Players Ink Charter to Meet Solar Energy Targets
- Analyst Says USA Influence on Middle East Seems to be Fading
- Russian Ships to Remain Banned from US Ports
- Brazil Court Reinstates Petrobras Chair to Divided Board
- EIB Lends $425.7 Million for Thuringia's Grid Upgrades
- Var Energi Confirms Oil Discovery in Ringhorne
- Seatrium, Shell Strengthen Floating Production Systems Collaboration
- An Already Bad Situation in the Red Sea Just Got Worse
- What's Next for Oil? Analysts Weigh In After Iran's Attack
- USA Regional Banks Dramatically Step Up Loans to Oil and Gas
- EIA Raises WTI Oil Price Forecasts
- How Likely Is an All-Out War in the Middle East Involving the USA?
- Venezuela Authorities Arrest Two Senior Energy Officials
- Namibia Expects FID on Potential Major Oil Discovery by Yearend
- Oil Markets Were Already Positioned for Iran Attack
- Is The Iran Nuclear Deal Revival Project Dead?
- Petrobras Chairman Suspended
- Oil and Gas Executives Predict WTI Oil Price
- An Already Bad Situation in the Red Sea Just Got Worse
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil and Gas Execs Reveal Where They See Henry Hub Price Heading
- Equinor Makes Discovery in North Sea
- Macquarie Strategists Warn of Large Oil Price Correction
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Standard Chartered Reiterates $94 Brent Call
- Chevron, Hess Confident Embattled Merger Will Close Mid-2024
- Analysts Flag 'Remarkable Feature' of 2024 Oil Price Rally