Half a Million Texas Jobs Added by Oil and Gas Boom
From Dallas News
By Jim Landers
Texas has gained more than 576,000 jobs from the ongoing U.S. oil and natural gas boom, far more than any other state, the IHS CERA analysis group reported Wednesday.
The estimate includes both direct hires by oil and gas companies and other jobs in manufacturing and services that contribute to the boom or benefit from cheap energy supplies. By 2020, IHS CERA estimates Texas will have gained 929,482 jobs from development of unconventional oil and gas.
Texas has garnered 45 percent of the nearly 1.3 million jobs created by new production from fields drilled with hydraulic fracturing and horizontal drilling. Pennsylvania and California each got 8 percent of the new jobs.
The number of jobs created nationwide was put at 1.7 million, and that is expected to grow to 3 million by 2020.
The boom has contributed $238 billion to the U.S. economy this year. By 2020, that contribuiton will grow to $416 billion, IHS CERA found.
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