Today the Texas Independent Producers and Royalty Owners Association (TIPRO) released new workforce data and analysis reflecting a continued demand for talent in the Texas oil and natural gas industry. The new data examines employment trends in the Texas upstream, midstream and downstream sectors for the month of July 2021. This week, TIPRO also released new employment analysis for the Texas upstream sector showing a net increase of 1,500 direct jobs in July, the third consecutive month of job growth since April of this year. Additionally, TIPRO previously reported that Texas upstream employment increased by 15,800 direct jobs in July 2021 compared to July of last year, for a total of 175,100 jobs.
According to TIPRO’s workforce analysis released today, there were 59,473 total job postings for the Texas oil and natural gas industry in July of 2021, of which 8,768 were unique. The top three cities by total unique oil and natural gas job postings included Houston (2,801), Midland (611) and Odessa (477). The top three companies ranked by unique job postings in July were Delek US Holdings, Inc. (689), Halliburton Company (615), and Baker Hughes Company (576).
Among the 14 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Petroleum Refineries ranked the highest in July with 1,672 unique job postings, followed by Crude Petroleum Extraction (1,662) and Oil and Gas Field Machinery and Equipment Manufacturing (1,383). The top qualifications included were Commercial Driver’s License (CDL) in 600 postings, followed by Master of Business Administration (MBA) (179), and Bachelor of Science in Business (165). Top posted job titles in July included Store Sales Associates (430), Crude Oil Drivers (127) and Pipeline Technicians (54).
TIPRO’s President Ed Longanecker added that the Texas oil and natural gas industry has experienced consistent growth in employment and jobs postings this year as economic conditions and global demand improve. In fact, industry job postings have increased each month consecutively since January of this year, according to TIPRO.
Texas Oil and Natural Gas Unique Job Postings
July 2021 8,768
June 2021 8,334
May 2021 8,312
April 2021 7,754
March 2021 7,591
February 2021 6,863
January 2021 6,806
The following statement was released by TIPRO earlier this week:
“We believe the spread of the Delta coronavirus variant will impact the near-term pace of recovery to some degree, including Texas oil and natural gas job growth, but data suggests that vaccinations, natural immunity and public caution will help keep the latest variant at bay and avoid the major economic disruptions we experienced previously,” said Ed Longanecker, president of TIPRO. “We continue to anticipate a strong recovery in world oil demand this year and further growth in 2022. Prominent U.S. producers will maintain a highly disciplined approach to their production goals and we can expect OPEC to do the same in efforts to reach and maintain global supply demand equilibrium,” added Longanecker.
The following table provides the most recent 30 days data for job postings to show near-term trends.
The Texas Independent Producers & Royalty Owners Association (TIPRO) is a trade association representing the interests of nearly 3,000 independent oil and natural gas producers and royalty owners throughout Texas. As one of the nation’s largest statewide associations representing both independent producers and royalty owners, members include small businesses, the largest, publicly-traded independent producers, and mineral owners, estates, and trusts.