Permian Oil and Gas to Support 93,000 Jobs in 2020
This is 5,578 more jobs than the sector supported in the first half of 2019 and 12,209 more jobs than the sector supported last year, TIPRO revealed.
“Based
on TIPRO’s analysis, including production, pricing and employment trends, we
forecast an increase of 5,500 net new oil and natural gas jobs in the Permian
between 2019 – 2020,” TIPRO President Ed Longanecker told Rigzone.
“Permian
production and employment are expected to rise in the coming year as additional
pipeline capacity comes online,” he added.
The
TIPRO head also warned, however, that employment growth will be dependent on
several factors and could be negatively impacted by the escalating trade war
with China and growing uncertainty in the market among investors and producers.
1H 2019 Permian Job Data
According
to the latest TIPRO figures, Midland, Texas, was the Permian Basin city with
the most unique oil and gas job postings (UP) from January to July this year.
Registering 2,328 UPs during the period, Midland ranked above Odessa, which saw
1,296 UPs and Carlsbad, which saw 537 UPs.
Delek
US Holdings Inc. had the most UPs in the Permian Basin from January to July,
TIPRO highlighted. The business recorded 576 UPs during the period, beating out
Basic Energy Services Inc., which had 552 UPs in the region and Baker Hughes
Inc., which had 426 UPs.
TIPRO
showed that the occupation with the most UPs in the region from January to July
was general maintenance and repair workers. This occupation had 711 UPs during
the period, compared to heavy and tractor trailer truck drivers, which came in
second with 598 UPs, and retail salespersons, which came in third with 319 UPs.
The oil and gas industry with the most UPs in the Permian from January to July was crude petroleum extraction, with 2,141, according to TIPRO. Support activities for oil and gas operations saw 1,197 UPs in the region during the period and petroleum refineries saw 1,029 UPs.