Experts say the future looks bright, especially for our part of the state.
CORPUS CHRISTI, Texas — According to the Texas Workforce Commission, employment in the upstream sector of the Texas oil and gas industry grew by 4,500 jobs in March.
Upstream jobs are careers in the oil and gas industry. That’s the highest single month growth in upstream jobs since June 2011.
“Thanks to oil prices remaining relatively solid, the Permian Basin, the Eagle Ford, Texas as a whole has grown on that basis,” Dean Foreman, the chief economist for the Texas Oil and Gas Association said. “The natural gas side of it has seen more of a rollercoaster because the prices have been historically low this year.”
Demand for natural gas set records in December, and according to research from TXOGA, demand is expected to set more records this year and again in 2025.
Foreman said since the demand for oil has remained strong and is continuing to grow, more upstream jobs …