Column: U.S. shale supply chain will emerge smaller from price war, pandemic - Kemp - Reuters:
Slumping oil and gas prices as a result of the pandemic and the volume war earlier in the year between Saudi Arabia and Russia have slashed employment in the U.S. oil and gas fields at some of the fastest rates on record.
Oil and gas-related employment is split across several different categories in the federal government’s statistical system, making it hard to track changes in total oilfield and gasfield employment.
But one of the largest and most visible categories is “support activities for oil and gas operations”, covering a wide range of ancillary activities from exploration, site works, casing and tubing to cementing, fracking and acidizing.
Total employment at support firms fell by 54,000 jobs (20%) in just three months between February and May, according to the U.S. Bureau of Labor Statistics (“Current employment statistics”, July 2).
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