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Oil and gas mining jobs up to 350K

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The United States saw 6,600 new jobs in oil and gas mining from February to March 2018.

There are now more than 350,000 jobs in the sector, according to the “Energy Indicators” monthly report published by the Federal Reserve Bank of Dallas.

Most of the March job growth, 4,600 new positions, was in the area of support services related to oil and gas mining, with 2,000 positions attributed to mining work. In April, extraction jobs accounted for another 2,000 jobs, with totals for support services unavailable.

Texas, especially the production areas of the state, has about 29 percent of the March job growth at 1,900 net new jobs. Preliminary April data for the state indicate an additional 4,490 jobs in the oil and gas mining sector.

The report also discusses prices for crude oil ($68.24 a barrel for West Texas Intermediate crude at the end of May), natural gas ($2.79 per million British Thermal Units), gas production numbers and gas and diesel export levels.

In addition, it notes that retail gas prices averaged $2.96 a gallon at the end of May, up from $2.56 a gallon in mid-March.

More information is available from the bank’s website, dallasfed.org.