The Lone Star State is booming with job growth in the oil and natural gas industry! According to the Texas Oil and Gas Association (TXOGA), the industry has added a whopping 12,100 jobs in 2023 alone, with 1,200 of those jobs added in August. Todd Staples, president of TXOGA, emphasized the importance of the industry in driving the state’s economy forward.
But the good news doesn’t stop there. The Texas Independent Producers and Royalty Owners Association (TIPRO) reported that upstream employment for August 2023 totaled 208,500 jobs, up by 18,200 from the same month in the prior year. And since the COVID-low point of September 2020, the industry has added an impressive 51,500 Texas upstream jobs, averaging growth of 1,479 jobs a month.
It’s no wonder that oil and natural gas jobs pay among the highest wages in Texas, with employers paying an average salary of approximately $115,000 in 2022. And with months of job growth outnumbering months of decline by a ratio of 30 to 5, it’s clear that the industry is here to stay.
“The oil and natural gas industry serves as a major driver of the Lone Star State’s robust economy,” said Todd Staples, president of TXOGA. “The 1,200 jobs reported in August add to already strong job growth numbers for this year, continued evidence of the strong demand for these irreplaceable resources both at home and abroad,” he added.
So let’s raise a toast to the Lone Star State and its thriving oil and natural gas industry!
