Now that there’s a business-friendly administration occupying the White House, the energy industry is not only poised to recover from the downturn of the previous two years, it is looking at the potential to turn more profit than ever before. Of course, before those goals can be met, talented oil and gas professionals are required at every level. Accomplishing that task may prove more complicated than it sounds.
Jobs Are Everywhere in the Oil and Gas Industry
Thanks to the new efforts to reduce harmful regulations and increase production throughout the United States, the oil and gas industry is experiencing a boom once more. At the end of April, The Bureau of Labor Statistics recorded 3,400 oil and gas jobs added since February. Over the entire United States, that number is closer to 9,000 new jobs. In Oklahoma, recent numbers indicate that the last two months have seen the largest employment gain in the energy sector in nearly 30 years.
In other words, it’s a good time to be in the oil and gas industry.
Qualified Employees Are Coming up Short
Unfortunately, this swell of employment opportunities within the industry comes at the end of a long drought. As a result, several small oil and gas companies and thousands of industry employees have not only found themselves out of work, they’ve all but given up hope of finding employment in their field. That’s a problem for drillers throughout the United States.
In the first quarter of 2017, oil and gas companies underspent on their collective budgets by as much as $2.5 billion. Why? They couldn’t find enough competent fracking crews to handle the work. Some outlets believe that if this employment need isn’t met soon it could have grim implications moving into next year.
Permitting and Regulatory Assistance Is No Problem
When you’re ready to get your oil and gas project off the ground, you have enough to worry about. That’s why it’s a great idea to let the experienced team at Upstream Petroleum Management handle all your regulatory and permitting needs. No matter how big, no matter how small, our passionate team of professionals is here to navigate your project through the regulatory maze.
Contact us today; we’re ready and waiting to get to work for you.