Analysis by the Energy Workforce & Technology Council shows a slight decrease—about 3,260 jobs—in oilfield services sector employment. (Source: Shutterstock)
Preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology Council (EWTC) shows a slight decrease—about 3,260 jobs—in oilfield services (OFS) sector employment. The data is based on BLS’ April jobs report, released on May 3.
However, EWTC, a national trade association for the global energy technology and services sector, said the OFS job market may still have potential for growth.
In April, the OFS sector reported 651,424 jobs, a slight decrease from March’s adjusted jobs report of 654,688.
The U.S. job market reported minimal gains at the national scale, with only 175,000 jobs added, according to BLS. The national unemployment rate ticked up from 3.8% to 3.9%.
“With market dynamics continually evolving, EWTC remains dedicated to fostering innovation and resilience within the energy services sector,” said EWTC President Molly Determan. “While our latest report aligns our sector with national employment trends, we see an opportunity to redouble our efforts to advance technology, upskill our workforce and drive sustainable growth.”
Recommended Reading
Segrist: The Keystone for Trump?
2024-12-23 - President-elect Donald Trump talks about reviving the famously controversial Keystone XL Pipeline while threatening tariffs on the nation where it originates
Glass Lewis Backs Martin Midstream in Ongoing Merger Fight
2024-12-23 - Martin Resource Management Corp. is proposing to buy Martin Midstream Partners for $4.02 per common unit, with a vote scheduled for Dec. 30.
Kinder Morgan Reaches FID for $1.4B Mississippi NatGas Pipeline
2024-12-19 - Kinder Morgan plans to keep boosting its capacity to the Southeast and is moving forward with a 206-mile pipeline with an initial capacity of 1.5 Bcf/d.
East Daley: New Pipelines Could Open Permian Floodgates
2024-12-18 - Led by the opening of the Matterhorn Express, a slew of projects is set to battle regional bottlenecks in the Permian Basin region but power generation may be the catalyst for newly announced pipelines.
Delek to Buy Permian's Gravity Water Midstream for $285MM
2024-12-13 - Delek Logistics' purchase of Permian-focused Gravity Water Midstream adds more than 200 miles of permanent pipeline and 46 saltwater disposal facilities.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.