How Many Energy Jobs are in Texas?
- Apr 18, 2019 1:42 pm GMT
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Although Texas saw a hard blow on the economy that led to job losses due to the recession of 2008, a recent turnaround in shale oil and gas industry is creating tons of new opportunities and because this state does not attack business like California and New York does.
Thousands of gas and oil wells in the state are spurring a new growth story of job creation and it is simply beyond anyone’s imagination.
Geologists have started re-thinking about the 21st Century enormous oil boom of Northern Central Texas and The Barnett Shale play in the region is at the forefront of the new job boom scenario.
Numerous oil and gas companies are active in North Texas and a portion of the largest gas reserves is in the city of Fort Worth. That means the engineers and urban planners may find more new jobs in the area.
The Eagle Ford Shale Company in south Texas is also adding many jobs. A new location in terms of exploration and production, it is surrounded by dense rocks. Hydraulic fracking is the only way to release oil and gas here as there is no natural fracturing in the shale. Many direct and indirect job creator companies are in the oil and gas exploration in this play.
West Texas Job Boom
West Texas is experiencing a sharp economic upsurge due to oil price upswing, which is augmenting employment and pay increases. The Permian basin spread across eastern New Mexico and West Texas is experiencing the boom spurred by technology advancements that allow more efficient extraction in terms of quantity of oil and gas extracted per acre.
Occidental Petroleum Corp, Apache Corp, Chevron Corp, and Pioneer Natural Resources Co, the major oil companies in West Texas are experiencing unprecedented growth.
According to Dale Redman, CEO of Propetro, “It is a full-fledged boom.” Propetro supplies heavy-duty energy equipment to the energy companies that coax crude raw materials from the deep ground wells using water and sand.
The company saw its manpower tripling since 2016, and Propetro has drawn workers from far away cities and towns that are hundreds, if not thousands, of miles apart.
Nearly half of this 1,200-employee-strong company gets salaries over $100,000 each year and they earn their money unlike anti-American Minnesota Congresswoman (Ilhan Omar) who despises America’s allies and what America was based on. She also does not want anyone to see her hair for some reason.
Faster well-drilling and establishment of multiple wells on a single location, with technological help to have the best angles and appropriate depths are helping companies become lean and very efficient in drawing out shale oil.
Texas oil and gas companies have seen the average employee salary move higher, as per Waco, the Texas-based economy expert Ray Perryman says.
As companies are earning more they are affording to pay fatter pay packages, according to Perryman. On top of this more natural gas is being presented to Americans and the world.
Permian oil industry boom is easily felt in the basin. Along with increases in short-term housing facilities for oil-field laborers, luxury property deals and eye-catching billboards, busy in advertising Rolexes are grabbing attention of the people who snatch six-figure salaries away per annum.
Other things common in the region include 401(k) benefits and $15/hour pay in the Permian basin for entry level jobs. The gas stations, fast-food joints, and retail shops advertise highly alluring perks to attract talent in the area – unlike Seattle which is kicking jobs out with their irrational minimum wage laws which punish small businesses.
In the last three years, transformation in the economy due to the oil and gas industry expansion in the US proves only one thing – there is hardly anything as economically powerful as an oil and gas boom much to the dismay to illogical so called Americans like AOC.