US Oil and Gas Employment Up 5.4% in 2018
The U.S. oil and gas industry employed 880,681 professionals in 2018, up 5.4 percent from the previous year, according to a report issued Monday by the Texas Independent Producers & Royalty Owners Association (TIPRO).
In 2018, the U.S. oil and gas industry paid a national annual wage averaging $112,712 – more than double average private-sector wages, TIPRO also concluded in the fourth edition of its “State of Energy Report.” Moreover, TIPRO stated that the U.S. oil and gas industry’s $99 billion payroll for 2018 was 6 percent higher than the previous year’s figure. Also, the organization stated that the industry purchased more than $530 billion in U.S. goods and services last year.
The top state in terms of oil and gas employment in 2018 was Texas, boasting 352,371 jobs and accounting for 40 percent of all oil and gas jobs nationwide during the period, TIPRO stated. The organization added that Texas’ addition of 26,706 oil and gas jobs last year marks the largest gain for any state. It also noted that the remaining states in the top five for oil and gas employment growth included:
- Oklahoma – 5,266 new jobs in 2018
- New Mexico – 3,626
- North Dakota – 2,808
- Colorado – 2,282
“The Texas oil and gas industry has remained a cornerstone of the economy providing high-paying career opportunities, as well as significant taxes and royalty payments made to state, local and federal government entities,” Eugene Garcia, president of Hurd Enterprises and the chairman of TIPRO, said in a written statement emailed to Rigzone. “The favorable business environment, environmental stewardship and science-based approach to regulatory oversight in Texas is a model for all oil and gas-producing states.”
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