Photo by: Elizabeth Conley(Staff photographer)
Jobs in the Texas oil patch jumped in August after dipping earlier in the summer, indicating the state's oil and gas industry is continuing its steady climb back to pre-pandemic employment levels.
Oil field employment jumped by 1,293 jobs in between July and August as oil prices began rising back above $80 a barrel, turning around months of declining oil prices. The oil market has been tightening again in recent months as global oil demand reached record highs at the same time members of the Organization of the Petroleum Exporting Countries extended production cuts.
The price of West Texas Intermediate hovered at nearly $94 a barrel in Wednesday afternoon trading, and analysts have been eyeing $100-a-barrel prices in the not-too-distant future.
 | Amanda Drane
Energy Reporter
amanda.drane@houstonchronicle.com |
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More energy news
Photo by: Gary Tramontina/Corbis Via Getty Images
The U.S. will hold three offshore oil and gas lease sales over the next five years, the fewest in history.
 Photo by: Mark Mulligan/Staff Photographer | | Nearly 60% of electricity generated by Texas' coal-fired power plants could go away under proposed federal regulation. | |
 Photo by: Jon Shapley/Staff Photographer | | Clean energy advocates took the forecast as a sign governments are starting to turn the corner. | |
 Photo by: Jon Shapley, Houston Chronicle / Staff Photographer | | Hub would have about 30 million metric tons of storage capacity, roughly equivalent to the annual emissions from 6.5 million vehicles. | |
 Photo by: Jon Shapley/Staff Photographer | | The ERCOT region has seen one of the highest energy storage growth rates in the nation. | |
 Photo by: Stringer/AFP, Contributor / TNS | | Senators questioned the administration's strategy of shifting to EVs while Chinas still controls mineral supply chains. | |
What We're Reading
Giant new oil and gas wells that require astonishing volumes of water to fracture bedrock are threatening America's fragile aquifers. the New York Times reports.
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