OFS Sector Jobs Report

OFS Sector Jobs Report

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.

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

81,061

OFS sector losses since pandemic began

8,421

OFS jobs added in January

$15.4 Billion

Lost in annual wages

JANUARY REPORT

America’s oilfield services and equipment sector employment rose by an estimated 8,421 jobs in January, a fifth consecutive month of growth, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology Council (Council).

BLS revisions showed the sector gained 5,717 jobs in October, 3,651 in November, and 933 in December. After shedding nearly 102,000 jobs from March to August due to pandemic-related demand destruction, the upstream oil and gas industry has added back approximately 21,000 positions over the past five months.

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