Eagle Ford Shale Boom Further Adds Jobs as Energy Business Expands

jobs at oil and gas businessPreviously, we have read in the news that the Eagle Ford Shale has created an instant job boom in Texas. So, we now know that oil and gas jobs are abundant in Texas. And here is more good news to jobseekers. The jobs keep adding in South Texas, and the numbers just soar on and on. The Eagle Ford Shale has reported that the Texas-based driller, Pioneer Natural Resources alone has hired 400 people in the South Texas areas in the last two years. (Read full story.) So what else do we want to know about these great opportunities?

More good news for jobs

Energy business as U.S.’ emerging job creator

The reports say that about 54,000 new jobs are expected to open in the Eagle Ford Shale by 2021, and only 15% of these will require college degrees. Those with direct experience in the energy industry will only comprise 10% of the job requirements.

Wltx.com reports: “Of all the places that America’s new jobs are, the emerging energy business, directly or indirectly, might be responsible for more of them than almost anything else.

Since 2002, the exploration of natural gas deposits embedded in shale, followed by oil drilling that began in earnest late in the decade, has created more than 1 million jobs, says Moody’s Analytics economist Chris Lafakis. That’s out of 2.7 million the whole country created.”

Handsome pays in oil and gas extraction business

This is a very attractive opportunity. Entrants to the U.S. labor force have huge prospects at looking into this area. According to wltx.com:

“Jobs directly in the oil and gas extraction business pay an average of just under 150,000 a year, Lafakis says — almost exactly three times the national average.”

Opportunities! Opportunities! And more opportunities!

Despite fears over job losses, the energy industry opens doors for many career opportunities. Those working directly in the industry have already accounted tens of thousands.

“Just counting positions directly in the energy industry, the shale boom has accounted for as many as 33,000 new U.S. jobs this year, according to Bright Labs, a San Francisco start-up, whose website provides job-hunt data and tips.

More than 3,500 are in metropolitan Houston, Bright says. But the job expansion stretches through cities of all sizes. Oklahoma City’s 400 jobs are near the top of the list, Bright says. Denver, Pittsburgh, and Williston, N.D. — all near newly exploitable oil and gas deposits — are also seeing big changes from shale for shale-related jobs.

The most plentiful jobs — at least, of those that end up being advertised online — seem to be in engineering. Six of the top eight most-filled new jobs in the industry are for some kind of engineer, says Bright senior data scientist Jacob Bollinger.”

Factors for job booms

Shale jobs are not necessarily those that involve direct activities of the business. The nature of the business itself demands huge support, which translates into other jobs. Researchers say that the complicated infrastructure and supply chain of the energy business are critical factors.  Wltx.com puts it:

“”While oil and gas deposits are concentrated in a handful of places, more than 30 states saw oil and gas support employment, including suppliers and service companies that work with energy companies, rise at least 50% in the past decade,” Moody’s says.

“Because new rigs have to be built, and oil and gas have to be moved to market either via newly built pipelines or by truck and rail, new jobs abound at both drilling companies and their suppliers,” says Tom Tunstall, research director for the Institute for Economic Development at the University of Texas San Antonio. It has closely studied the development of the Eagle Ford shale field that spans more than a dozen counties in South Texas.”

The U.S. energy production is a huge area that offers bright future for employment prospects. Thus, the Eagle Ford Shale is a more than a blessing to many of the residents in South Texas.

Do you agree that the energy industry can sufficiently address the unemployment problem in the U.S.? Write your thoughts in the comments below.

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