Texas Upstream Oil and Gas Industry Creates 1,500 New Jobs in July | Texas
(The Center Square) – Texas’ upstream oil and gas industry created 1,500 jobs in July, continuing its monthly growth path, reports the Texas Workforce Commission. The state also adjusted June’s job gains, noting that 500 more jobs were created than initially reported in the upstream sector, from 3,100 to 3,600.
Since the low point in employment in September 2020, there have been eight months of job gains compared to two months of declines.
Jobs for July 2021 are also up from June 2020 by almost 10%. Likewise, the number of jobs in June was 11.2% higher than the low point in September 2020.
Total upstream employment statewide is 175,100 jobs, which pay some of the highest wages in Texas.
“The continued growth in upstream oil and gas jobs is good news beyond the oilfield,” said Todd Staples, president of the Texas Oil & Gas Association (TXOGA). “Every direct job in oil and gas in Texas generates three more jobs. elsewhere in the state economy. Oil and natural gas are not only essential to our daily lives, but they anchor our economy and cement our energy security.
TXOGA and the American Petroleum Institute also released data on the economic impact in an analysis showing how the oil and gas industry has driven recovery efforts.
The upstream sector includes the extraction of petroleum and natural gas and excludes refining, petrochemicals, fuel wholesaling, oilfield equipment manufacturing, pipelines and gas utilities, all of which support hundreds of thousands of additional jobs in Texas.
Oil and natural gas extraction is an upstream activity, which means that it excludes other sectors of the industry such as refining, petrochemicals, wholesale of fuels, manufacturing of equipment. for oil fields, pipelines and gas utilities.
According to the results, in 2019, the industry directly and indirectly supported more than 2.5 million jobs (620,330 direct and 1,888,540 indirect), or 13.9% of total employment in Texas. For every direct job in the oil and gas industry, 3.5 additional jobs were created.
Industry also contributed 22% of the state’s total income and GDP.
It contributed $ 251.2 billion in labor income ($ 134.3 billion direct and $ 116.9 billion indirect), or 21.8% of total state income. It also contributed $ 411.5 billion to Texas gross domestic product ($ 230.9 billion direct and $ 180.6 billion indirect), or 22.3% of the state’s total.
In 2019, the United States dominated the world in oil and natural gas production, with Texas leading the country.