Each month, Energy Workforce & Technology Council uses data published by the U.S. Bureau of Labor Statistics to estimate oilfield services and equipment sector employment. The Council’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.