Texas Oil and Natural Gas Employment Rate Rises to 86% July-August

0

Posted:
Update:

Gas flaring on an oil rig in the Permian Basin. (Photo Nextstar)

AUSTIN, Texas (KTSM) – Employment in Texas’s oil and gas industries increased, with 2,800 new jobs in August, according to data from the Texas Workforce Commission.

Employment in the upstream oil and gas industry in the state of Texas increased from approximately 1,500 jobs in July 2021 to 2,800 jobs in August 2021.

The upstream sector includes the extraction of petroleum and natural gas and excludes other industrial sectors such as refining, petrochemicals, fuel wholesaling, oilfield equipment manufacturing, pipelines and services. gas utilities, which support hundreds of thousands of additional jobs in Texas.

Since its lowest level of oil and gas employment in September, the state of Texas has posted more job gains in number than its lowest months of employment, at a 9-month rate of earnings jobs to 2 months of job losses.

Upstream jobs reached 19,700 jobs in August 2021, an increase of 12.4% from the same month last year.

Texas experienced a low level of oil and gas employment in September 2020, amounting to approximately 157,500 jobs. Between February and March 2020, 220,300 jobs in the oil and gas industry were filled in Texas.

“Oil and natural gas jobs pay some of the highest wages in Texas, so growth in employment in this sector not only strengthens our economy and energy security, but also has a huge positive impact on thousands. of Texan families, ”said Todd Staples, president of TXOGA.

Every oil and natural gas job in Texas generates 3.0 more jobs elsewhere in the state’s economy, according to a analysis published by the Texas Oil and Gas Association and the American Petroleum Institute, which shows how the oil and gas industry is driving post-pandemic economic recovery and strengthening all industries.

To learn more about the Texas Oil and Gas Association, Click here.

For local and breaking news, sports, weather alerts, videos and more, download the FREE KTSM 9 News app from the Apple App Store or the Google play store.


Source link

Share.

Leave A Reply