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Texas oil and gas expansion frustrates OPEC production cuts
Posted on 6/13/17 at 10:46 am
Posted on 6/13/17 at 10:46 am
Found this article LINK
Oil and gas jobs picking up in Texas? Me thinks it might be time to move back to h-town. This is awesome though, F OPEC.
Any TX oil and gas people here? How's the job scene?
Oil and gas jobs picking up in Texas? Me thinks it might be time to move back to h-town. This is awesome though, F OPEC.
quote:
Upstream oil and gas development in Texas rallied for the fifth straight month in April, according to the Texas Petro Index, which improved to 164.3 to post its first year-over-year increase in 27 months.
quote:
An estimated average of 204,550 Texans remained on upstream oil and gas industry payrolls, about 2.7 percent more than in April 2016 and about 33.2 percent fewer than the estimated high of 306,000 in December 2014. (“Upstream oil and gas companies have added more than 12,000 jobs in Texas in the past six months, providing growth momentum to the state economy rather than a drag as was the case for the better part of 2015 and 2016, Ingham said.) According to TPI estimates, the trough of upstream oil and gas employment in Texas before the expansion ending December 2014 was 184,640 in October 2009. During the previous growth cycle, industry employment peaked at 225,965 in October 2008.
Any TX oil and gas people here? How's the job scene?
10
Posted on 6/13/17 at 10:47 am to RussianFromLSU
Truck
Nuts
For
Errybody
Nuts
For
Errybody
Posted on 6/13/17 at 10:48 am to RussianFromLSU
quote:
move back to h-town
Why'd you leave in the first place?
Posted on 6/13/17 at 10:48 am to RussianFromLSU
A lot of it is out in West Texas
Posted on 6/13/17 at 10:51 am to RussianFromLSU
quote:
Any TX oil and gas people here? How's the job scene?
Has certainly picked up. Rig counts continue to go up. My brother is an O&G recruiter and he's flooded with new jobs to fill.
Not sure about in the field jobs though.
Posted on 6/13/17 at 10:51 am to RussianFromLSU
Don't know if it is time to move back to Houston. I for one am cautious because if OPEC decides to go against their production quotas, then we will see another instance where prices will free fall.
It's great that Texas is drilling more but we will definitely see another "bust" should OPEC decide to regain market share.
It's great that Texas is drilling more but we will definitely see another "bust" should OPEC decide to regain market share.
Posted on 6/13/17 at 10:55 am to RussianFromLSU
quote:
upstream
Posted on 6/13/17 at 11:07 am to RussianFromLSU
When did OPEC cut production?
Posted on 6/13/17 at 12:52 pm to RussianFromLSU
Good lord, now all we'll here is how much money they make a year.
It's never - I work 80 hours a week and never see any friends or family but I make 100K a year with a high school education.
F Yeah - wohooooo.
It's never - I work 80 hours a week and never see any friends or family but I make 100K a year with a high school education.
F Yeah - wohooooo.
Posted on 6/13/17 at 12:52 pm to RussianFromLSU
My buddy is about to be a rig manager in West Texas. He said they have rigs going up everywhere.
Posted on 6/13/17 at 1:00 pm to RussianFromLSU
Oilfield people are trashy.
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