• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 5 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 18 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 21 hours Wind droughts
  • 2 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 10 days How Far Have We Really Gotten With Alternative Energy
  • 5 hours Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 11 hours Oil Prices Fall After Fed Raises Rates
  • 2 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 8 days "Russian oil executive and Putin critic Ravil Maganov dead after mysterious six-story fall" - The New York Post
  • 5 hours 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 5 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 8 days The Federal Reserve and Money...Aspects which are not widely known
Oil & Gas 360

Oil & Gas 360

From our headquarters in Denver, Colorado, Oil & Gas 360® writes in-depth daily coverage of the North American and global oil and gas industry for…

More Info

Premium Content

Texas Sees Increase In Oil And Gas Employment

Texas accounts for 54 percent of all U.S. oil and gas employment

The Federal Reserve Bank of Dallas has released its September Energy Indicators, outlining the activity in oil and gas in Texas.

According to the Dallas Fed, oil and gas employment in Texas expanded in August by 1,700 jobs, reaching a total of about 218,500. This change has been due to additions in support activities, which added 2,200 jobs in Texas in August. Overall oil and gas employment in the country totals 403,600, meaning Texas accounts for 54 percent of the U.S. total.


(Click to enlarge)

These additions to employment have corresponded to increases in production, as the massive Permian basin continues to grow. The Dallas Fed reports that Permian production rose by 62,300 BOPD to 2.52 MMBOPD. Current numbers suggest the Eagle Ford also is growing, though the Fed reports that estimates may be revised downward on the effects of Harvey as more data becomes available.

(Click to enlarge)

Rig activity in Texas, like in the U.S. overall, has plateaued in recent months. There were 456 rigs operating in Texas as of the last week in August, down from the peak of 466 in mid-July. The largest increases in individual counties were seen in Ward and Martin Counties, which each added three or four rigs. The most productive counites in the Permian and Eagle Ford, Reeves and Karnes Counties respectively, also added rigs. Significant decreases were seen in Pecos, Winkler, Midland, Webb, Atascosa and Starr Counties, which each saw rig counts decrease by three or four.

(Click to enlarge)

Natural gas exports increasing, LNG facilities coming online

Related: Baghdad Asks World To Stop Buying Kurdish Oil

Natural gas exports from Texas are growing quickly, as the shale revolution continues to make itself felt across the world. Natural gas exports to Mexico via pipeline, the U.S.’s largest gas export market, rose to 4.5 Bcf/d in June, up from 4.2 Bcf/d in May.

(Click to enlarge)

LNG exports fell in August, as Hurricane Harvey impeded tanker access to Cheniere’s (ticker: LNG) Sabine Pass. Cheniere reported no substantial damage to its facility, though, and operations should be able to resume without difficulty. U.S. LNG exports are expected to continue to rise through the year, reaching 2.7 Bcf/d by year-end. This increase will be aided by the commissioning of Train 4 of Sabine pass and the activation of the second major LNG facility in the U.S., Dominion Energy’s (ticker: D) Cove Point Facility. Located in Maryland, Cove Point is currently an LNG import facility, but the rise of unconventional production from the Marcellus has pushed the facility to be retooled to export gas. When fully operational, Cove Point will have a total capacity of about 0.75 Bcf/d.

(Click to enlarge)

By Oil and Gas 360

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News