Solar Energy News  
OIL AND GAS
Fewer employees needed to produce oil in Texas
by Daniel J. Graeber
Washington DC (UPI) Apr 12, 2018

Texas crude oil and natural gas production is accelerating along with higher commodity prices, but payroll numbers are lower, a trade group reported.

The Texas Alliance of Energy Producers estimated about 215,000 people were on the payrolls of oil and gas firms in the state, about 27.5 percent below the estimated peak in December 2014. A decade ago, one person was employed in the exploration and production sector in Texas per 2,000 barrels of production. By 2016, that ratio was closer to 6,000 barrels per employee.

Federal data show that, nation-wide, the sector is hiring. In March, about 2,000 workers were added to payrolls for oil and gas extraction, while the mining sector added 9,000. Total non-farm payroll employment edged up by 103,000 in March

For the sector as a whole, exploration and production activity is on the rise. Reported as rig counts, Baker Hughes data show activity increased more than 25 percent from last year. Activity, however, peaked in September 2008, with 946 rigs reported. The February rig count averaged 476 in Texas.

Total crude oil production in Texas, meanwhile, was more than 20 percent higher than last year at around 110 million barrels for February, the last full month for which the alliance published data. Gas production increased 3 percent.

"The implications are striking: record crude oil and natural gas production at significantly lower prices, rig counts, and number of industry workers," Karr Ingham, the chief economist at the alliance, said in an emailed statement. "It means that fewer employees are needed to produce more crude oil in Texas and the United States than has ever been produced."

A survey published late March by the Federal Reserve Bank of Dallas found uneven enthusiasm about U.S. policies in the energy sector. Survey respondents were optimistic in general about federal deregulation efforts, but uncertainty on steel tariffs.

President Donald Trump last month signed off on a 25 percent tariff on steel imports and a 10 percent tariff for aluminum. With steel a fundamental component of the exploration and production side of the industry, Ingham's group called for more consideration from the White House.

The Dallas Fed's survey found production from Texas increased for the sixth quarter in a row. Texas is the No. 1 oil producer in the country and hosts two of the more lucrative shale basins - Eagle Ford and Permian.


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Rig work considered for Cuban oil prospect
Washington DC (UPI) Apr 11, 2018
The preliminary steps toward drilling into an oil basin in Cuba are underway in a project that could draw international interest, an Australian company said. Melbana Energy, an Australian exploration and production, is one of the few foreign companies with a footprint in the Cuban oil sector. Melbana's Alameda-1 prospect near the northern coast of Cuba is targeting a reservoir with more than 2.5 billion barrels of oil in place. The company estimates it would cost at least $20 million to drill t ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Removing the brakes on plant oil production

NUS engineers pioneer greener and cheaper technique for biofuel production

Notre Dame researchers developing renewable energy approach for producing ammonia

New insights into how cellulose is built could indicate how to break it

OIL AND GAS
Visual recognition: Seeing the world through the eyes of rodents

Russia's Robot FEDOR to Be the First to Fly to Space on Board New Spacecraft

How accurate is your AI

Make way for the mini flying machines

OIL AND GAS
Transformer station for giant German wind farm positioned

Scotland's largest offshore wind farm close to operational

Construction complete ahead of schedule at Sommette wind farm, France

California considered for offshore wind

OIL AND GAS
US investigating fatal Tesla crash in California

Tesla says 'Autopilot' was engaged during fatal crash

Research hints at double the driving range for electric vehicles

Waymo and Jaguar team up on self-driving luxury ride

OIL AND GAS
New sodium-ion electrolyte may find use in solid-state batteries

Cheaper, less toxic and recyclable light absorbers for hydrogen production

The mirror-like physics of the superconductor-insulator transition

New design produces true lithium-air battery

OIL AND GAS
Framatome displays year of powerful performance, supports 44 nuclear power outages in 2017

NRC approval brings Framatome's fuel technology closer to market

Nuclear safety: AREVA develops an innovative technology for reactor inspection

NRC approval brings Framatome's fuel technology closer to market

OIL AND GAS
Carbon taxes can be both fair and effective, study shows

Trump rolls back Obama-era fuel efficiency rules

Lights out for world landmarks in nod to nature

Puerto Rico power grid snaps, nearly 1 million in the dark

OIL AND GAS
Palm trees are spreading northward - how far will they go?

Soil fungi may help determine the resilience of forests to environmental change

Drought-induced changes in forest composition amplify effects of climate change

Amazon deforestation is close to tipping point









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.