The oil and gas extraction industry in Texas gained 600 jobs from November 2014 to December 2014. Compared to December 2013, the cumulative number of jobs added in this industry is 5,600, an increase of 5.2%.
Source: http://www.tracer2.com/admin/uploadedPublications/2127_TLMR-January_15.pdf
Image Source: http://www.eliteexploration.com/texas-oil-gas-companies/
In this post, we look at the weekly overtime (OT) hours typically worked by those who are in the support activities for mining subsector. This subsector is part of the mining, quarrying, and oil and gas extraction sector, and is further defined below by the Bureau of Labor Statistics (BLS):
“Industries in the Support Activities for Mining subsector group establishments primarily providing support services, on a contract or fee basis, required for the mining and quarrying of minerals and for the extraction of oil and gas. Establishments performing exploration (except geophysical surveying and mapping) for minerals, on a contract or fee basis, are included in this subsector. Exploration includes traditional prospecting methods, such as taking core samples and making geological observations at prospective sites.”
-North American Industry Classification System
Many of the employees that work in these jobs are not exempt from FLSA overtime pay and earn 1.5 times pay for hours worked over 40 in a given week.
The tabulations below are based on U.S. BLS survey data. The BLS job title groups are insightful, generally containing more specific job titles with similar knowledge, skills, and abilities (KSA), but can be more broad than a particular company’s job title listing. Also, some companies may have the job title listed here as exempt from FLSA or state OT due to their specific job assignments. The BLS does not make a distinction as to if the job title is exempt or non-exempt from OT.
| Job Title | Percent of OT Workers | Average Hours of OT | 1 out of every 4 (25%) OT workers works at least: |
| Support Activities for Mining | 50.19% | 22.55 hours | 80 hours |
Source: BLS (CPS March)
WTI crude oil price decreased from $78.77 per barrel in November 2014 to $68.98 per barrel at the start of December 2014. Natural gas price rose from $3.82 per million BTU (one million BTU is approximately 974 cubic feet) in November 2014 to $4.30 per million BTU to start off December 2014.
Texas crude oil production for September 2014 was 65,824,450 barrels, down from 75,669,936 barrels reported in August 2014. Texas natural gas production was 595,603,581 Mcf (thousand cubic feet) of gas in September 2014, down from the August 2014 gas production total of 668,465,202 Mcf.
Sources: eia.gov, rrc.state.tx.us
The oil and gas extraction industry in Texas gained 300 jobs from September 2014 to October 2014. Compared to October 2013, the cumulative number of jobs added in this industry is 8,200, an increase of 7.8%.
Source: http://www.tracer2.com/admin/uploadedPublications/2121_TLMR-November_14.pdf
Image Source: http://www.eliteexploration.com/texas-oil-gas-companies/
Crude oil price decreased from $91.17 per barrel in September 2014 to $80.53 per barrel in October 2014. Natural gas price went down from $4.14 per million BTU (one million BTU is approximately 974 cubic feet) in September 2014 to $3.76 per million BTU in October 2014.
Texas crude oil production for August 2014 was 69,204,407 barrels, down from 73,329,467 barrels reported in July 2014. Texas natural gas production was 621,505,586 Mcf (thousand cubic feet) of gas in August 2014, down from the July 2014 gas production total of 662,617,068 Mcf.
Sources: eia.gov, rrc.state.tx.us
The oil and gas extraction industry in Texas lost 300 jobs from August 2014 to September 2014. Compared to September 2013, the cumulative number of jobs added in this industry is 8,100, an increase of 7.7%.
Source: http://www.tracer2.com/admin/uploadedPublications/2120_TLMR-October_14.pdf
Image Source: http://www.eliteexploration.com/texas-oil-gas-companies/
The U.S. rig count was 1,931 in September 2014, up from 1,914 in August 2014; Texas rig count was 896 in September 2014, down from 900 in August 2014; The Eagle Ford Shale rig count was 207 in September 2014, up from 203 in August 2014.
Source:Baker Hughes
Crude oil price decreased from $98.23 per barrel in July 2014 to $97.86 per barrel in August 2014. Natural gas price went up from $3.78 per million BTU (one million BTU is approximately 974 cubic feet) in July 2014 to $4.04 per million BTU in August 2014.
Texas crude oil production for July 2014 was 69,573,013 barrels, down from 70,108,403 barrels reported in April 2014. Texas natural gas production was 632,494,096 Mcf (thousand cubic feet) of gas in July 2014, down from the June 2014 gas production total of 639,345,631 Mcf.
Sources: eia.gov, rrc.state.tx.us
The oil and gas extraction industry in Texas lost 700 jobs from July 2014 to August 2014. Compared to August 2013, the cumulative number of jobs added in this industry is 8,500, an increase of 8.0%.
Source: http://www.tracer2.com/admin/uploadedPublications/2119_TLMR-September_14.pdf
Image Source: http://www.eliteexploration.com/texas-oil-gas-companies/
Texas crude oil production for June 2014 was 64,710,024 barrels, down from 69,834,679 barrels reported in May 2014. Texas natural gas production was 602,891,617 Mcf (thousand cubic feet) of gas in June 2014, down from the May 2014 gas production total of 648,498,363 Mcf.
