石油 & 气体 Trends to Watch For in 2019

石油 & 气体 industry in the U.S. is experiencing tremendous growth. 原油, 石油, and 天然气 production continue to expand, generating thousands of jobs right here in our country. But where are these jobs coming from? How are we producing this much 石油 & 气体 right here in our own country? Here are three trends to look out for in the 石油 & 天然气工业 for the rest of 2019 and beyond.

石油 production continues to climb

Last year, the United States consumed 7.5 billion barrels of 石油 products. If you break that down, that’s a daily average of 20.5 million barrels of 石油 per day. That’s a lot of 石油! But what’s fascinating is the resurgence of our nation’s 石油生产 over the last decade. Over the last eight years, U.S. 石油生产 jumped from under 6 million barrels per day to an outstanding 12 million barrels per day.

The 二叠纪盆地 is booming

In February of 2018, the United States surpassed Saudi Arabia in the production of crude 石油 for the first time in over two decades. And in September of 2018, the U.S. (briefly) became the world’s largest producer of crude 石油 for the first time since 1973 by surpassing Russia. This is mostly thanks to the 二叠纪盆地 in West Texas and Southeastern New Mexico. In 2018, the 二叠纪盆地 produced 3.2 million barrels of 石油 each day. Today, production is now over 4 million barrels per day, and by 2022, that production will grow to a whopping 7 million barrels per day.

Thousands of workers are flocking to the Permian for new job opportunities and higher paychecks. 目前, there is a bottleneck in pipeline capacity for the billions of gallons the Permian is producing. 作为一个结果, companies are working tirelessly to construct new pipelines to continue to facilitate the projected growth of the Permian. The Permian also pumps out a large chunk of the country’s 天然气. In 2018, the region produced 10 billion cubic feet of 天然气 per day (11 percent of the country’s total output). And by 2025, that production is projected to more than double. The Permian currently has two significant pipelines underway, and a third one just got the green light earlier this summer to begin construction. 作为一个结果, thousands of workers are flocking to the south-central U.S. for new opportunities.

Natural 气体 is expected to keep growing

Natural 气体 supplies 22 percent of all energy consumption worldwide. It also accounts for nearly one-fourth of electricity generation. Natural 气体 is a very versatile fuel, and its use continues to grow as we place a more significant emphasis on environmental consciousness.

Natural 气体 and renewable energies are expected to increase over the next several decades. 截至2017年, energy demand for 天然气 was 22 percent of total energy demand, and renewables were only 10 percent of total demand. 然而, in 2040, 天然气 demand is estimated to increase to 25 percent, and 天然气 will increase to 17 percent. 换句话说, the world as a whole is shifting their attention to cleaner energy, causing the creation of new jobs in the 石油 & 天然气工业.

Get a hand navigating this busy industry

石油 & 天然气工业 is growing, with no signs of slowing down over the years to come. 作为一个结果, hiring in this industry hasn’t been this strong in over three decades. If your team needs help attracting and retaining talent, give us a shout. We have a dedicated team of recruiters who specialize in the 石油 & 天然气工业. And if you’re pursuing a career in the Permian or someplace else in the industry, check out our job board! We have dozens of 石油 & 气体 jobs that you won’t want to miss.