Texas boosted US oil, gas employment in April

US oil and gas employment added 3,800 jobs month-over-month in April to total 390,900, according to data from the US Bureau of Labor Statistics.

Data compiled by the Federal Reserve Bank of Dallas indicates Texas oil and gas employment grew by 3,300 jobs to 214,100, representing the state’s fifth straight monthly increase. Oil and gas extraction employment in the state gained 920 jobs to 92,100, while payrolls in support activities for mining rose 2,380 jobs to 122,000.

Total nonfarm employment in the Permian basin region edged up 200 jobs in April to 158,200, around where it has remained since Febru­ary. Since December 2016, employment in the basin has grown 1,500 jobs and at an annualized rate of around 3%.

“A potential tailwind is the improved outlook of oil field service firms and exploration and production firms as reported in the first-quarter Dallas Fed Energy Survey,” the bank noted. “Most oil field service firms and about half of the E&P firms increased their expectations of 2018 capital spending.”

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...