(The Center Square) – The Texas oil and natural gas industry once again led the U.S. in oil and natural gas production and lowered emissions. It also ranked first in industry job growth, wages, payroll and Gross Regional Product (GRP) nationwide.
States that ranked second weren’t even close by comparison, a new report published by The Texas Independent Producers & Royalty Owners Association (TIPRO) found.
In 2022, Texas was the top oil producer in America, supplying 1.83 billion barrels of oil to energy markets last year. New Mexico produced the second-greatest amount – less than one-third of Texas’ production of 534 million barrels, followed by North Dakota’s 393 million barrels.
Texas’ nearly 350,000 oil and natural gas workers represent the greatest percentage of jobs in the industry nationwide of 37%, according to the report. However, when “incorporating direct, indirect, and induced multipliers for oil and gas employment,” the Texas oil and natural gas industry supported at least 2.6 million Texas jobs last year, the report notes.
Texas also led every state by employment in every single sector in the oil and natural gas industry last year with the exception of Natural Gas Distribution, which California led.
The average annual wage in the industry last year was $139,061, 103% greater than the average private sector job statewide. By comparison, the highest average industry wage earned nationwide was in Alaska of $169,018; South Dakota’s was the lowest of $74,665.
Last year, Texas had the highest oil and natural gas payroll in the country of $48 billion, the report notes. California’s $11 billion ranked a distant second, followed by Louisiana’s $7.6 billion.
Nationwide, the industry supported 948,943 direct jobs, with total direct and indirect jobs tied to the industry exceeding 19 million. The U.S. oil and natural gas sector paid a national annual wage averaging $120,665 during 2022, 74% higher than-- excerpt, rest at link above --
"I wish it need not have happened in my time," said Frodo.
"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."
Isn't it telling that the vitality of this industry is being savaged by this administration and Congressional allies.
Instead of supporting solid, good paying jobs, it is supporting frivolous ventures into renewables which are largely foreign manufactured and few, short-lived jobs.
It is reasonable to concur where Conscience does not forbid a Compliance; for Conformity is at least a Civil Virtue. But we should only press it in Necessaries, the rest may prove a Snare and Temptation to break Society. But above all, it is a Weakness in Religion and Government, where it is carried to Things of an Indifferent Nature, since besides that it makes Way for Scruples, Liberty is always the Price of it....William Penn
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