Texas Upstream Jobs Decrease, TIPRO Highlights
by Andreas Exarheas
click here to read the original article at Rigzone.com
*this article was not written by Roseland Oil & Gas
According to TIPRO’s (Texas Independent Producers and Royalty Owners Association) analysis, direct Texas upstream employment for April totaled 193,300, representing a decrease of 3,400 jobs from March employment numbers.
That’s what TIPRO said in a statement sent to Rigzone, which cited the latest Current Employment Statistics (CES) report from the U.S. Bureau of Labor Statistics (BLS). The decline in employment follows March data showing the highest increase in monthly Texas upstream jobs since June of 2011, TIPRO pointed out in the statement.
“TIPRO notes that fluctuations in CES employment data throughout the year are normal and that demand for talent within the industry remains robust,” the organization went on to state.
In a statement sent to Rigzone back in April, TIPRO revealed that, according to its analysis, direct Texas upstream employment for March totaled 196,500, which it noted was an increase of 4,500 jobs from February employment numbers, subject to revisions.
TIPRO said in its latest statement that its new employment data “yet again indicated strong job postings for the Texas oil and natural gas industry during the month of April”. There were 11,012 active unique jobs postings for the Texas oil and natural gas industry last month, including 4,821 new job postings added during the month by companies, which represented a 26 percent increase from March, TIPRO added.
“In comparison, the state of California had 4,209 unique job postings last month, followed by Florida (2,194), New York (1,788), Louisiana (1,681) and Pennsylvania (1,547),” the organization noted in the statement.
TIPRO reported a total of 56,348 unique job postings nationwide last month within the oil and natural gas sector, the organization highlighted in the statement. Among the 19 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, the organization revealed that Gasoline Stations with Convenience Stores led in the ranking for unique job listings in April with 2,798 postings, followed by Support Activities for Oil and Gas Operations (2,655), and Crude Petroleum Extraction (919).
The leading three cities by total unique oil and natural gas job postings were Houston (2,932), Midland (797), and Odessa (459), according to TIPRO, which highlighted that the top three companies ranked by unique job postings in April were Cefco (1,375), Love’s (463), and Zachry Brands (333).
“Of the top ten companies listed by unique job postings last month, five companies were in the services sector, followed by two in the gasoline stations with convenience stores category, two midstream companies, and one upstream company,” TIPRO said in the statement.
“Top posted industry occupations for April included first-line supervisors of retail sales workers (688), retail salespersons (382), and heavy tractor-trailer truck drivers (358). The top posted job titles for April included store managers (294), customer service representatives (266), and maintenance people (180),” it added.
TIPRO pointed out in the statement that top qualifications for unique job postings included a valid driver’s license (1,814), CDL Class A License (247), and a commercial driver’s license (CDL) (215).
“TIPRO reports that 41 percent of unique job postings had no education requirement listed, 32 percent required a bachelor’s degree, and 29 percent required a high school diploma or GED,” TIPRO noted.
“There were 1,723 advertised salary observations (16 percent of the 11,012 matching postings) with a median salary of $57,500. The highest percentage of advertised salaries (30 percent) were in the $85,000 to $500,000 range,” it added.
In its latest statement, TIPRO also highlighted data released from the Texas comptroller’s office “showing gains for the month of April in tax contributions provided by the Texas oil and natural gas industry”.
Texas energy producers last month paid $518 million in oil production taxes, up from the prior month and 15 percent higher than amounts paid a year ago in April 2023, TIPRO said in the statement, adding that producers in April also contributed an additional $170 million in revenue from natural gas production taxes.
“Oil and natural gas severance taxes remain an important source of revenue for state and local governments and continue to be used help to support and pay for road and infrastructure investments, water conservation projects, schools and education, first responders, and other essential public services across the Lone Star State,” TIPRO pointed out in the statement.
TIPRO also noted in its statement that, following record production last year, oil output is expected to keep growing this summer.
In a statement sent to Rigzone last month, TIPRO highlighted data released from the Texas comptroller’s office “showing gains for the month of March in tax contributions provided by the Texas oil and natural gas industry”.
Texas energy producers paid $473 million in oil production taxes in March, up from the prior month and 11 percent higher than amounts paid in March 2023, that statement outlined. Producers in March also contributed $212 million in natural gas production taxes, exceeding collections from February of this year, it added.
In that statement, TIPRO also noted that following record production last year, oil output was expected to continue to increase in May.
“Past and present contributions provided by the Texas oil and natural gas industry from an economic and national security perspective are truly unmatched,” TIPRO President Ed Longanecker said in the organization’s latest statement.
“Oil production trends indicate a strong resilience and commitment within the sector in response to increasing demand for our product, while domestic producers face a growing number of punitive federal regulations that could endanger U.S. energy security,” he added.
“We are also witnessing a historic period for new additions to the power grid in Texas driven by a growing population, Artificial Intelligence (AI), data centers, crypto mining, as well as the electrification of sectors including oil and natural gas operations,” Longanecker warned.
“AI is by far the most energy-consumptive technology ever introduced, and electricity demand is expected to accelerate at an unprecedented pace. Natural gas will continue to play a dominant role in providing a reliable baseload supply for decades to come, but further investments in infrastructure and natural gas power generation will be critical to meet this demand,” he continued.
“These realities are not optional, nor is the need for rational energy policy at all levels of government,” Longanecker went on to state.
In a statement sent to Rigzone recently, Enverus Intelligence Research said emissions reduction targets and cryptocurrency could double power demand and threaten the grid in West Texas by 2040.
According to TIPRO’s latest state of energy report, which was released earlier this year, the U.S. oil and gas industry directly employed 2.04 million workers in 2023.
The organization highlighted that this figure represented a net increase of 56,373 direct jobs compared to 2022, subject to revisions. There were 385,662 direct U.S. upstream sector jobs in 2023, a net increase of 23,709 jobs compared to 2022, the report noted. It also highlighted that the direct, indirect, and induced oil and gas jobs total for the nation was 24.14 million last year.
The report revealed that the largest sector by employment in the U.S. oil and gas industry was Gasoline Stations with Convenience Stores, with 882,656 workers in 2023, followed by Support Activities for Oil and Gas Operations, with 221,456 workers, Oil and Gas Pipeline and Related Structures Construction, with 134,339 workers, and Natural Gas Distribution, with 114,017 workers.
by Andreas Exarheas
click here to read the original article at Rigzone.com
*this article was not written by Roseland Oil & Gas