Jobs

The domestic natural gas and oil industry has slowed its roll in the past few months as commodity prices remain volatile, but overall, employment grew stronger in 2019, climbing to 895,629 employed, or up 8,554 year/year, according to an annual overview by one of the largest oil and gas trade groups in the nation.

The domestic natural gas and oil industry has slowed its roll in the past few months as commodity prices remain volatile, but overall, employment grew stronger in 2019, climbing to 895,629 employed, or up 8,554 year/year, according to an annual overview by one of the largest oil and gas trade groups in the nation.

The domestic natural gas and oil industry has slowed its roll in the past few months as commodity prices remain volatile, but overall, employment grew stronger in 2019, climbing to 895,629 employed, or up 8,554 year/year, according to an annual overview by one of the largest oil and gas trade groups in the nation.

Canadian oil and gas job losses since the 2014 global price fall from US$100/bbl-plus will worsen to a five-year total 53,200 as of 2019, according to Petroleum Labor Market Information (PetroLMI).

The upstream and midstream sectors of Colorado’s oil and gas industry supported 89,000 jobs, accounted for $13.5 billion of the gross domestic product and created $1 billion of public revenue in 2017, according to researchers at the University of Colorado Denver Business School.

Oil and natural gas employment in Texas reversed from a November slump to gain 3,200 jobs in the upstream sector for the final month of the year, according to the Texas Workforce Commission.

Oil and natural gas companies added 2,400 upstream jobs to their Texas payrolls in October, marking the 23rd consecutive month of job growth, according to data from the Texas Workforce Commission (TWC).

Texas oil and natural gas companies added 3,100 upstream jobs in August, marking the 21st consecutive month of job growth, the Texas Workforce Commission reported.

Crescent Point Energy Corp. is reducing its workforce by 17%, or by more than 200 employees, potentially to save the Calgary-based company more than C$50 million annually as it works to “become a more focused and efficient company with a stronger balance sheet,” management said.