According to the Council’s Oilfield Services and Equipment Employment Report, OFS job losses from the pandemic peaked at an estimated 102,000 positions. It also concludes that OFS has recovered approximately 28,000 jobs, bringing total pandemic-related job cuts to 74,000 – worth more than $8.4 billion in annualized lost wages.
“OFS sector employment has grown 2.9% in 2021 as companies completed drilling projects as vaccinations continue and demand rises,” the Council noted in a written statement.
The Council also reported that BLS data show Texas is by far the top state for oil and gas technology and services employment, with an estimated 314,100 jobs within the classification. Louisiana (53,800 jobs) and Oklahoma (49,000) took the next two spots. Here are approximate oil and gas technology and services job counts for other energy-producing states:
- Colorado: 26,200 jobs
- New Mexico: 24,100
- California: 23,600
- Pennsylvania: 23,300
- North Dakota: 20,000
- Wyoming: 14,900
- Ohio: 10,700
- Alaska: 10,000
- West Virginia: 9,900
The Council pointed out that BLS figures are preliminary for the two most recent months and are subject to revision.
This article was originally posted at sweetcrudereports.com