Make no mistake: Oil and gas companies may be doing some serious cost-cutting and slimming-and-trimming to stay competitive after the shale boom binge, but when it comes to employment, it’s still one of the best industries to hit up for a job.
Jobs are booming, just as much as U.S. oil and gas production is.
US oil production has increased from 11.7 million Barrels per Day (BPD) at the start of 2019 to 12.6 million by the end of October, according to the Energy Information Administration (EIA). Natural gas production has risen as well, to 99.1 Bcf/d at the end of October—95 Bcf/d of which is from dry natural gas—up from 91.3 Bcf/d this time last year for total US natural gas production.
Those gains have translated into more oil and gas industry jobs.
US Oil and Gas Employment
The United States Traditional Energy and Energy Efficiency Sectors in 2018 employed 6.7 million Americans in 2018, according to the US Energy and Employment Report 2019, with nearly 1.5 million directly employed by the oil and gas industry, and another 1.2 million workers employed by the power generation sector, which includes all types of power generation, including oil and gas.
Employment in the oil and gas extraction and support services, specifically, was at its highest level in 2018 since the fall of 2014—the next most recent high.
And those jobs? None too shabby if you’re interested. [Read more…] about The 10 Highest Paying Jobs in the Oil & Gas Industry