Monday, March 27, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use
Oil Market News
  • Home
  • Marketdaily
  • Price
  • crudenow
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEChot
  • brend
  • ships
Oil Market News
Home Market

Another 1,000 Texas Oil & Gas Jobs Vanish

11 months ago
in Market
Another 1,000 Texas Oil & Gas Jobs Vanish
Share on FacebookShare on Twitter

Another 1,000 Texas Oil & Gas Jobs Vanish | OilPrice.com

Julianne Geiger

Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.

More Info

Related News

By Julianne Geiger – May 14, 2020, 5:30 PM CDT

While much of the United States—including Texas—is taking steps to reopen the economy, oil and gas jobs are still on a downward spiral, with oil and gas jobs in Texas this week seeing another 1,000 oil and gas jobs vanish, the Houston Chronicle reported on Thursday, amid the effects of the coronavirus that has stripped demand out of the market.

ProPetro Services—a Midland-based oilfield services company, laid off nearly 400 people, the Houston Chronicle said, citing a company filing with the Texas Workforce Commission.

Tenaris, an oilfield pipe manufacturer just south of Houston, cut 200 employees this week.

The oil and gas industry in Texas had already shed over 30,000 jobs as of a few weeks ago, according to BW Research.

CEO of Texas economic research firm Perryman Group estimated that Texas could end up shedding nearly 100,000 oil and gas jobs. But the true toll could be much higher, when you factor in all the retail and hospitality businesses that will be affected by the contraction of the oil industry. All told, Perryman forecast that Texas could see 1 million jobs lost.

Overall, the U.S. oil and gas industry lost 51,000 drilling and refining jobs in March alone.

While the situation for oil country still looks dire, the price of WTI perked up on Thursday afternoon, rising nearly 10% to $27.74 per barrel as IEA suggested that the outlook for Fall 2020 oil demand wasn’t as grim as it was before as lockdowns begin to ease. The IEA now sees bloated crude inventories falling 5.5 million bpd during the second half of the year.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Julianne Geiger

Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.

More Info

Related posts

Latest Oil News

Libyan state oil chief stresses support across divided country

Libyan state oil chief stresses support across divided country

March 26, 2023
Iraq wins landmark case against Turkey over Kurdish oil exports

Iraq wins landmark case against Turkey over Kurdish oil exports

March 25, 2023
UK government expected to offer energy companies windfall tax relief

UK government expected to offer energy companies windfall tax relief

March 24, 2023
Fears of an energy price surge percolate through sector

Fears of an energy price surge percolate through sector

March 23, 2023





Published at Thu, 14 May 2020 22:30:00 +0000-Another 1,000 Texas Oil & Gas Jobs Vanish

Previous Post

Oil Prices Rise to Eight-Year High on Ukraine Invasion Warning

Next Post

Global oil market still reeling from price war and virus downturn

Related Posts

Libyan state oil chief stresses support across divided country

Libyan state oil chief stresses support across divided country

by Oil Market News
March 26, 2023
0

The head of Libya’s state oil company said he had the backing of both the government in Tripoli and the...

Iraq wins landmark case against Turkey over Kurdish oil exports

Iraq wins landmark case against Turkey over Kurdish oil exports

by Oil Market News
March 25, 2023
0

Iraq has won a landmark legal case against Turkey over Kurdish oil exports, which the federal government in Baghdad has...

UK government expected to offer energy companies windfall tax relief

UK government expected to offer energy companies windfall tax relief

by Oil Market News
March 24, 2023
0

Britain’s oil and gas companies are next week expected to be offered the prospect of windfall tax relief, as prime...

Fears of an energy price surge percolate through sector

Fears of an energy price surge percolate through sector

by Oil Market News
March 23, 2023
0

This article is an on-site version of our Energy Source newsletter. Sign up here to get the newsletter sent straight to...

US regulator vows ‘aggressive’ crackdown on oil and gas methane leaks

US regulator vows ‘aggressive’ crackdown on oil and gas methane leaks

by Oil Market News
March 22, 2023
0

The US’s top environmental enforcer vowed that no oil and gas systems would be “getting out of jail free” as...

Global commodity traders open to increasing Russian oil volumes

Global commodity traders open to increasing Russian oil volumes

by Oil Market News
March 21, 2023
0

Commodity traders Trafigura and Vitol have said they would consider trading more Russian oil this year if they received clear...

Next Post
Global oil market still reeling from price war and virus downturn

Global oil market still reeling from price war and virus downturn

Subscribe
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trend Oil News

Miserly OPEC and embattled Norwegian offshore workers exacerbate oil supply pressures

Miserly OPEC and embattled Norwegian offshore workers exacerbate oil supply pressures

9 months ago
LATAM POLITICS TODAY-Norway says Venezuelan political talks to resume Saturday

LATAM POLITICS TODAY-Norway says Venezuelan political talks to resume Saturday

4 months ago
OPEC data may give insight into swinging oil markets, traders say

OPEC data may give insight into swinging oil markets, traders say

9 months ago
Quick take: Oil and gas shares up in active trade

Quick take: Oil and gas shares up in active trade

10 months ago
Can Nigeria exploit Russia-Ukraine war to capture EU gas market?

Can Nigeria exploit Russia-Ukraine war to capture EU gas market?

3 months ago
ADVERTISEMENT
Libyan state oil chief stresses support across divided country

Libyan state oil chief stresses support across divided country

March 26, 2023

Iraq wins landmark case against Turkey over Kurdish oil exports

March 25, 2023

UK government expected to offer energy companies windfall tax relief

March 24, 2023

Fears of an energy price surge percolate through sector

March 23, 2023

US regulator vows ‘aggressive’ crackdown on oil and gas methane leaks

March 22, 2023

Global commodity traders open to increasing Russian oil volumes

March 21, 2023

Crude Oil

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

4 Days from Deadline, EU Fails To Agree On Russian Oil Products Price Cap

February 1, 2023
Oil rises after U.S. fuel stocks draw down; economic concerns loom

Oil prices settle steady on higher U.S. demand, weaker dollar

January 31, 2023
S&P 500 Down 1%; Crude Oil Drops Over 2%

S&P 500 Down 1%; Crude Oil Drops Over 2%

January 30, 2023
Russia Can’t Replace the Energy Market Putin Broke

Russia Can’t Replace the Energy Market Putin Broke

January 29, 2023

Investing

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

Orbital Sidekick Raises $10M Investment to Monitor Oil and Gas Industry from Space 

February 1, 2023
Crude Oil Shielded From Bond and Stock Market Rout

Clean-energy investing poised to top money backing oil and gas after hitting a record

January 31, 2023
Crude Oil Shielded From Bond and Stock Market Rout

The Cushing® MLP & Infrastructure Total Return Fund Announces Fund Name Change

January 30, 2023
Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

Boeing’s 747, the original jumbo jet, prepares for final send-off By Reuters

January 29, 2023

Market

Libyan state oil chief stresses support across divided country

Libyan state oil chief stresses support across divided country

March 26, 2023
Iraq wins landmark case against Turkey over Kurdish oil exports

Iraq wins landmark case against Turkey over Kurdish oil exports

March 25, 2023
UK government expected to offer energy companies windfall tax relief

UK government expected to offer energy companies windfall tax relief

March 24, 2023
Fears of an energy price surge percolate through sector

Fears of an energy price surge percolate through sector

March 23, 2023

OPEC

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

US Close- Fed signals more hikes coming, Powell says disinflation process begun, ADP

February 1, 2023
‘OPEC does not control the price’: OPEC President | OPEC News

‘OPEC does not control the price’: OPEC President | OPEC News

January 31, 2023
OPEC+ Closely Watches Chinese Factory Data

OPEC+ Closely Watches Chinese Factory Data

January 30, 2023
Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

Week Ahead: FOMC, BOE, ECB, OPEC, NFP and Big Tech Earnings

January 29, 2023
  • Submit news
  • Contact
  • DMCA
  • Cookie Privacy
  • Privacy Policy
  • Terms of Use

© 2022 OilMarket.News

No Result
View All Result
  • Home
  • Market
  • Price
  • crude
  • Companies
  • politics
  • Gas
  • investing
  • Stock
  • OPEC
  • brend
  • ships

© 2022 OilMarket.News

wpDiscuz
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.