Oil Rig Jobs -Oil prices force up industry

Oil Rig Jobs -The oil and gas industry continues to provide high-paying jobs to nearly 1.3 million workers, both directly and indirectly. Companies have openings in every major sector of the industry, including production, natural gas distribution, refining, petrochemicals, oil field machinery manufacturing, and product wholesaling and pipelines, as well as office positions.

According to the Texas comptroller, employment in the oil and gas industry has risen by 15.6 percent, which is approximately an additional 20,000 jobs.

Healthy crude oil prices not only bring oil field jobs but also tax revenue for the state, schools and hospitals. The Texas Independent Producers and Royalty Owners estimates that Texas House District 72, which includes Tom Green, Coke, Mitchell and Scurry counties, produced more than 21,255,000 barrels of oil and 47,173,000 million cubic feet of natural gas this past year. The average value of both oil and gas production locally was more than $1.8 billion in 2011.

The comptroller said that oil and gas companies paid more than $8.5 billion in taxes both statewide and locally in 2010. Ad valorem taxes on producing mineral interest are levied at the county level in addition to state severance taxes. The Texas "Rainy Day Fund" is comprised almost exclusively of oil and gas taxes.

Hitting closer to home are the billions of dollars in oil rig jobs royalty revenues and lease bonuses. The latest University Lands lease sale turned in record lease bonus amounts with Concho Valley counties such as Schleicher, Reagan and Crockett leasing for around $5,000 per acre. Just a few years ago this same property was leasing for several hundred dollars an acre.

The U.S. Energy Information Administration expects the price of West Texas Intermediate crude oil to average about $100 per barrel in 2012, $5 per barrel higher than the average price last year. Natural gas prices will remain weak until we find new markets for increased demand.

This year, the federal government is likely to continue pressing hard for restrictions on industry operations. Proposed rules by the United States Environmental Protection Agency might continue to restrict oil and gas production.Securing oil rig jobs is also possible without experiences.

Also, the U.S. Fish and Wildlife Service could stop oil and gas activity if the agency elects to list certain species as endangered. More than 100 species found in Texas are up for federal review within the next five years, which could have significant economic consequences if they are formally designated as endangered.

As Texas continues to face severe drought conditions, water will be a key topic for discussion. With increased drilling activity comes the need for more water. However, regulators and industry leaders remain committed to closely monitoring the issue, and are discussing the best plans for future water usage.http://www.albertaoilcareers.com/oil-rig-job-information/ is a great resource for people interested in Getting Oil Rig Jobs. Learn an effective simple system that will teach you how to get Oil Rig Jobs guaranteed by clicking here: Alberta Oil Careers.