In the six years spanning 2007 through 2012, total U.S. private sector employment increased by more than one million jobs, or about 1%. However, over the same period, the oil and gas industry — segmented into drilling, extraction and support segments — increased by more than 162,000 jobs, which equates to a 40% increase,” according to a new study from the U.S. Labor Department’s Bureau of Labor Statistics (BLS).
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North Dakota Output Sets Daily Records
Coming out of its coldest April and wettest May ever recorded, North Dakota’s latest oil and natural gas statistics show the amounts of oil transported by rail shot up to 75% in April while new wells connected set a record at 185. Overall, April oil/gas production was down compared to March, but the daily averages set all-time records on a preliminary basis (793,249 b/d and 846 MMcf/d).
North Dakota Production Sets Daily Records; Rail, New Connects Soar
Coming out of its coldest April and wettest May ever recorded, North Dakota’s latest oil and natural gas statistics show the amounts of oil transported by rail shot up to 75% in April while new wells connected set a record at 185. Overall, April oil/gas production was down compared to March, but the daily averages set all-time records on a preliminary basis (793,249 b/d and 846 MMcf/d).
Production Records Broken Again in North Dakota
Three storms in March failed to deter oil and natural gas operations in North Dakota, which set new all-time highs for the month, according to the latest statistics from the state Department of Mineral Resources (DMR).
Texas Oil and Gas Jobs Boom Gathered Pace in February
A “stunning” increase in Texas oil and gas industry employment, which was revealed by revisions to recent workforce statistics, was driven by gains in the number of jobs supporting oil and gas exploration and production, said the economist who compiles the Texas Petro Index (TPI), a barometer of the industry’s health in the Lone Star State.
North Dakota Prices, Drilling Decline, But Production Climbs
While drilling, prices and permitting all declined in North Dakota, natural gas and oil production set new monthly records, according to the most recent statistics compiled at the end of October in a Department of Mineral Resources (DMR) report released Monday.
Latest EIA Data Giving Canadians Chills
In the austere language and statistics of formal economics, the United States Department of Energy has posted a vivid message to Canadian natural gas and oil exporters.
EIA Outlook Chills Alberta’s Finances
In the austere language and statistics of formal economics, the United States Department of Energy has posted a vivid message to Canadian natural gas and oil exporters.
Industry Briefs
Production in North Dakota’s Bakken/Three Forks shale playscontinued to climb month over month in August, the most recent month for accumulating statistics, the North Dakota Department of Mineral Resources (DMR) reported. With more wells producing in August compared to the previous month (7,701 vs. 7,481), both crude oil and natural gas production exceeded July totals. Crude oil production reached 21.7 million bbl in August, compared with 20.9 million bbl in July. A number of wells remained idle as there were 8,495 wells capable of production in August, DMR said. As in recent months, the vast bulk of the production came from four counties: Dunn, McKenzie, Mountrail and Williams.
North Dakota Production Keeps Record Pace
North Dakota oil and natural gas production maintained its record pace through the end of May, according to the latest statistics from state Department of Mineral Resources Director Lynn Helms. Oil and gas production both hit all-time highs again in May.