Oil and gas jobs in Texas actually saw an increase last month despite external pressures from activist investors and “sustainable energy” promoters.
Upstream oil and gas jobs — those involved in identifying, extracting, or producing raw materials — increased by 700 positions in April, the Houston Chronicle reported.
There were 199,400 jobs in Texas’s upstream oil and gas sector last month — 17,600 more than one year earlier. Houston saw the most positions added in the state.
Of the jobs added over the past 12 months, 1,700 were in oil and natural gas extraction, while the remaining 15,900 were in the services sector of the industry.
There were also 15,127 active job postings in the state’s oil and natural gas industry in April. Houston led the way, with 5,228 postings, followed by Midland with 1,391, and Odessa with 686.
Other news from the oil and gas market suggests the industry is doing well, despite political opposition to fossil fuels affecting some aspects of the market, as previously reported by The Dallas Express.
Recently, World Fuel Services, based out of Florida, and Finnish company Neste struck a deal for sustainable aviation fuel (SAF).
The new deal gives World Fuel Services access to more than three times the number of airports it can now supply with SAF, growing from 13 to 40. According to the companies, the agreement also set the stage for delivering SAF to over 100 airports connected to World Fuel Services’ European network.
Houston-based Chord Energy also recently announced that one of its subsidiaries has agreed to purchase assets in the Williston Basin from an Exxon Mobil subsidiary for $375 million. The deal, expected to close in June 2023, will see Chord Energy acquire 62,000 net acres, over three-quarters of which are undeveloped.
Midland-based Garrison Energy Holdings announced it obtained a half-billion-dollar line of equity financing from an institutional investor along with its management and employees.
According to the company, the $500 million will be allocated to new Permian Basin acquisitions.