Jobs

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.

The Texas oil and natural gas industry added an estimated 800 upstream jobs in July, which marked the 20th consecutive month of job growth, according to the Texas Workforce Commission.

Before Hurricane Harvey pummeled the state and wiped out, at least temporarily, some employment, the Texas economy in August expanded for the 14th consecutive month, adding 5,500 jobs, the Texas Workforce Commission (TWC) said Friday.

A rising rig count and increased oil and gas spending are again spurring Texas employment, with the energy sector leading job growth in the state during May.