USA Oil and Gas Employs Almost 1 Million in 2022

The USA oil and gas industry employed 948,943 professionals in 2022.

That’s according to the Texas Independent Producers & Royalty Owners Association’s (TIPRO) latest State of Energy Report, which noted that this figure represented a net increase of 39,721 direct jobs compared to 2021, subject to revisions. There were 358,776 direct U.S. upstream sector jobs in 2022. This marks a net increase of 32,627 jobs compared to 2021, the report outlined.

The largest sector by employment in the U.S. oil and gas industry was Support Activities for Oil and Gas Operations. It has 199,552 workers in 2022. Next is Oil and Gas Pipeline and Related Structures Construction (129,949), Natural Gas Distribution (111,918), and Crude Petroleum Extraction (82,628). This is what is in the report. The largest gains in jobs in 2022 occurred in Support Activities for Oil and Gas Operations, with a net increase of 23,039 jobs compared to 2021, followed by Drilling Oil and Gas Wells (9,489), and Oil and Gas Field Machinery and Equipment Manufacturing (2,450), the report highlighted.

According to the report, 21 percent of jobs were held by individuals between the ages of 25-34, 28 percent were held by those between 35-44, 23 percent were held by those between 45-54, 19 percent were held by those between 55-64, and five percent were held by those who were 65 or older. The oil and gas industry was said to have paid a national average wage of $120,665 in 2022, which the report noted was 74 percent higher than the average private sector wage in the U.S.

Click here to read the full article

Source: Rig Zone

If you have further questions about the topic related to USA Oil and Gas, feel free to contact us here.