PESA OFS Sector Jobs Report

PESA OFS Sector Jobs Report

Each month, PESA uses data published by the U.S. Bureau of Labor Statistics to estimate oilfield services and equipment sector employment. PESA’s analysis includes the economic activities of OFS companies, which include oil and gas extraction, construction and manufacturing. The OFS sector includes companies involved in oilfield equipment manufacturing, drilling, well completions, pressure pumping, pipeline construction and more.

Employment is a key indicator of the health of the OFS sector, which plays a critical role in the technology-driven energy value chain. Job losses jeopardize the energy supply chain by draining the sector of the innovative men and women who develop the technologies that increase efficiency, improve environmental performance and reduce greenhouse gas emissions.

For questions or additional information, contact PESA Director Communications & Research Kevin Broom.

106,218

OFS sector losses since pandemic began

1,400

OFS jobs added in September

$15.2 Billion

Lost in annual wages

59,700

Texas is hardest-hit state

Jobs-Report-Sept2020

SEPTEMBER REPORT

America’s oilfield services and equipment employment rose by almost 1,400 jobs in September, according to preliminary data from the Bureau of Labor Statistics (BLS), the first time the sector has added positions since the onset of the COVID-19 pandemic in March.

However, while the September data is encouraging, BLS revisions showed that August job losses were more severe than initially reported.

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