The American Petroleum Institute (API) recently released a vendor survey that demonstrates the diverse array of suppliers, service providers, and other small and mid-sized businesses supporting the U.S. energy renaissance.
“Oil and natural gas companies are only one part of a much larger economic success story that is creating job growth up and down the supply chain,” said API Upstream Group Director Erik Milito. “From the folks who make work gloves to environmental consultants, these businesses represent just a small cross-section of the opportunities created by America’s energy revolution.”
API’s 2014 vendor survey lists nearly 30,000 operators, contractors, service companies, suppliers, and other vendors that support oil and natural gas operations in every state and the District of Columbia. It includes individual state profiles, which detail job gains and salary information for industry- related work, as well as information on survey participants organized by congressional district.
“Overall, as of 2011, the oil and natural gas industry directly or indirectly supported 9.8 million U.S. jobs, and many more are expected over the next decade,” said Milito.
Oil and gas companies are regularly faced with many industry-specific issues to overcome. Such issues, including exploration and drilling, are often complex and intricate processes with many unique challenges to overcome. Data analytics can play a massive part in streamlining some of the most fundamental operations that are involved in the oil and gas industry.