The Texas Independent Producers & Royalty Owners Association’s (TIPRO) reported good-news numbers for the state’s oil and gas industry. In its State of Energy, it stated that Texas had 325,439 direct jobs in Texas in 2017, an increase over 2016. Texas has 39 percent of all oil and gas workers nationwide.
Oklahoma shows 61,562 jobs, up 2,876. Companies in North Dakota employ 18,781, an increase of 2,799 in North Dakota. The Texas average annual wage of $128,635 places it the highest in the country and 132-percent above the average private-sector wage in the state.
In 2017, Texas oil production was 1.27 billion barrels of oil in 2017. That’s up from the 105 million barrels in the previous year. According to the report, “The increase in oil production compared to employment data yet again illustrates that the Texas oil and gas industry achieved many efficiencies during the downturn, allowing operators to manage increasing levels of exploration and production activities even with fewer personnel.”
Furthermore, the report stated, “The end of a ban on U.S. crude oil exports in 2015, coupled with the growth in drilling of prolific shale formations, including the Permian Basin, Delaware Basin and Eagle Ford Shale, has literally and figuratively changed the flow of petroleum around the world. Net imports of petroleum products to the United States declined from approximately 2 million barrels per day (b/d) in 2008 to -2.88 million b/d in 2017, as the U.S. changed from net importer to net exporter in less than a decade.”