U.S. Oil & Gas Jobs are Disappearing Despite Record Production

U.S. oil production is breaking records, but employment numbers have dropped in five out of six months this year as operational efficiencies allow operators to continue to boost production with fewer rigs and workers, the Texas Oil & Gas Association (TXOGA) said last week in a cautionary note. Texas, home to the biggest shale basin, the Permian, has seen crude oil production grow this year, and the share of Texas of total U.S. production has further increased, according to data from the industry association. However, the latest employment data…