Approximately 6.7 million Americans work in the energy field. The Total Recordable Incident Rate is a measure of your company's past safety performance based on your incident rate. Such activities may include exploration for crude petroleum and natural gas; drilling, completing, and equipping wells; operating . This data suggests that the oil rig industry gives one of the most profitable compensations out there. The new Workplace Safety Report from API indicates that occupational injuries and illnesses from the oil and gas industry occurred at a substantially lower rate than private sector jobs, and that rate is steadily dropping. reserved. Many experts argue that the pandemic is the main reason for this ambiguity. For those non-safety folks reading this, that's pretty darn good when compared to other industries. A better model for reporting incidents would be something like the FAA uses to encourage complete, open and honest reporting and investigation of aircraft incidents. By some measures oil and gas also has the highest rates of hospitalizations and loss of body parts. To view or add a comment, sign in make sure you're on a federal government site. 0000002694 00000 n Primary duties: Petrol station attendants work at petrol stations and help clients fill their vehicles to improve customer experience, ensure safety and increase sales. The lower your TRIR, the fewer work-related injuries and illnesses experienced by your team. Save my name, email, and website in this browser for the next time I comment. Houston Chronicle, 18. Join us by subscribing to our Blog and receive updates on whats new in the world of EHS, our software and other related topics. The latest industry averages of hourly earnings and weekly hours are shown. Many companies still rely on procedure posters, paper-based documents and partially digital documents like word and PDF to 'enforce' and funnel incident information into management, or the management system. Whole heartedly agree! Unsurprisingly, the biggest outliers on the more incidents than average are heavy industries like construction, agriculture and transport, while the lower end is of course more office style work like admin and support services and financial services. The (10) Data for employers in rail transportation are provided to BLS by the Federal Railroad Administration, U.S. Department of Transportation. Your TRIR might be calculated and discussed on a quarterly or annually basis, but being able to see that number and trend over time and in real-time can help you course correct before it effects the TRIR bottom line. Surprisingly, this was the lowest oil consumption level since 1995 and the largest recorded year-on-year decrease in oil consumption in the US. The production from those wells currently accounts for around 51% of the total oil manufacturing in the US. Lets dive right into some fascinating facts about the oil and gas industry. But production also increased by 1,729 billion cubic feet (+6%), according to data from the U.S. Energy Information Administration ("Monthly energy review", EIA, December 22). Here is how you know. His aim is to bring awareness to a brighter future for the Built World where industrial workers and companies work smarter. A more experienced engineer will make an average of $175,000 per year. Geopolitical tensions and Russian oil sanctions Europe has imposed an embargo on seaborne crude oil and petroleum imports from Russia following the country's invasion of Ukraine. More specifically, the overall lost time injury rate was 0.24 per million hours worked in 2019, 8% lower than 2018's 0. . Such activities may include exploration for crude petroleum and natural gas; drilling, completing, and equipping wells; operating separators, emulsion breakers, desilting equipment, and field gathering lines for crude petroleum and natural gas; and all other activities in the preparation of oil and gas up to the point of shipment from the producing property. 0000012632 00000 n The state counts about 38,000 wells, and 20 of the 23 counties are active in the oil and gas sector. It shows the rate of OSHA recordable incidents per 100 workers over a set period of time. In fairness, owners and business managers are put between a rock and hard place when it comes to losing work over incident rates. (Sources of data: BSEE-0131 for OCS Total Recordables and BLS tables for Industry-Wide Total Recordables) OCS vs Industry-Wide Injury/Illness Rates 0000023777 00000 n The following oil and gas industry employment statistics will give you a better understanding of this massive industry and its overall workforce. The industry is moving in the right direction, and other industries should follow their lead. By 2035, employment in this industry is projected to get to an astonishing 3.5 million people. This is sky high. Performing geophysical surveying and mapping services for oil and gas on a contract or fee basis--are classified in Industry 541360, Geophysical Surveying and Mapping Services; Oil and gas pipeline and related structures construction and repair--are classified in Industry 237120, Oil and Gas Pipeline and Related Structures Construction; The Because these technologies are cloud-based, all of the incident reports are instantly synced to the cloud so that people can't forget to upload them or put them in the wrong place. Entry-level employees with this degree will gain around $94,000. However, reporting should not be punished. According to Glassdoor, the annual salaries can range as high as $105,000 and as low as $26,000. .sn(~d13[_nYDe@}7\{hPrsw-Mmz/.fl#2& 9`Ctt4 KHQal\qq ) aVvlD8@ZZ:FVC" D The pandemic has slowed down the industry considerably and sped up the move towards healthier energy alternatives. 0000090319 00000 n Thanks to the high employment demand in this sector, the oil field counts many job positions such as maintenance workers, supervisors, entry-level machine operators, and laborers. Whats more, the incident rate for the oil and gas industry has dropped a massive 41% since 2008. Please share to start the conversation and promote change. Despite setbacks in the past, the oil and gas industry still offers some of the highest salaries of any occupation in the US, especially for those in management roles. This comes as little surprise when we consider that they are the glue that holds the entire operation togetherand companies will pay more to get the best performance out of their team. In 2017, the rate of nonfatal job-related illnesses and industries in the mining industry was 1.5 incidents per 100 workers, compared to 1.1 in the oil and gas industry. The average TRIR for all industriesincluding state and local governmentis 3.0 cases per 100 full-time equivalent workers as of 2019, according to the BLS. Both figures have been on the decline since 2008, where rates sat at 2.9 incidents and 3.9 incidents, respectively. In fact, a TRIR of over 7 can quickly increase the likelihood of an inspection. (3) North American Industry Classification System United States, 2017. 0000062014 00000 n 0000068188 00000 n Lets look at the incidents that occurred and find out how they were handled so we can use that information to improve the state of this entire industry. 0000067455 00000 n According to the US Energy Information Administration, the number of hydraulically fractured wells rose to about 300,000 by 2015. TJ Cross Engineers, Inc. 2008 - 20091 year. (Globe News Wire) As this is an international sector, it's not shocking that the oil and gas industry's size grew to $5,870.13 billion in 2021, at a compound annual growth rate (CAGR) of 25.5%. In 2019, the injuries per million work hours were approximately 0.92 compared to the average TRIR for the oil and gas industry in the previous years only in 2018, the TRIR was around 0.99. The Zacks Industry Rank assigns a rating to each of the 252 X (Expanded) Industries based on their average Zacks Rank. www.ogj.com is using a security service for protection against online attacks. 0000061900 00000 n The industry is trading at a PE ratio of 8.4x which is higher than its 3-year average PE of -29.4x. Lance's suggestion of creating an alternative metric system is a good one. 0000111771 00000 n The oil and gas extraction subsector is part of the mining, quarrying, and oil and gas extraction sector. - Renewable Energy, Industrial & Manufacturing, Ag-Energy, Oil & Gas, Chemical, Pulp & Paper, Mining - Reached 0.00 TRIR over 1M man hours worked - Roles: Business Development In fact, hydraulic fracturing generated more than 2.1 million jobs in recent years. Blank cells indicate no data reported or data that do not meet publication criteria. This figure for the oil and gas industry has remained largely unchanged since 2008, with only 2016 showing a slight variation of 0.1 incidents per 100 workers. Ive bounced around the same thought, Lance! Your article is right on. It was a measure from which to base a premium off of. Document assembly, automation & analytics for the office, leading hands and managers, Digital ID cards, electronic forms and e-signatures for the general workforce, subcontractors and site visitors, Digitise & streamline your standard operating procedures, Site diaries, variations, delays, change orders & more, Progress reports, production tracking, waste tracking & more, Inspections, maintenance, registers, sign outs & more, Timesheets, dayworks sheets, purchase requests & more, Document assembly, automation & analytics, Digital ID cards, electronic forms and e-signatures. The site is secure. At the end of the day, the underlying goal of looking at these metrics is of course to lower or improve the TRIR, with the benchmarks and performance over time helping the company and decision makers to make good informed decisions. The punishment system based on lagging indicators is a major factor. As a safety professional leading programs for two oil and gas service companies, I find myself constantly scratching my head about grading systems put in place by the operators we work for. Rosneft, in fourth place, has a much lower number of employees in the oil and gas industry the company has around 334,600 employees at the moment. Exports increased by 2,001 billion cubic feet (+54%), mostly in the form of increased LNG exports of 1,418 billion cubic feet (+79%). On the bright side, the US oil industry is estimated to gradually recover from the tremendous loss of workers over the following years. What is a Good Total Recordable Incident Rate? Thank you for commenting, Tom. NAICS 23712 - Oil and Gas Pipeline and Related Structures Construction. Construction is generally one of the more dangerous industries and 'workplaces', so these TRIFR scores may be higher than yours if you're coming from more professional service sectors. Over the past decade, the oil and natural gas industry's incident rate has decreased by 41 percent , while doubling the size of its workforce and increasing overall production and the number of drilling rigs. Bear in mind that these numbers are rough estimates that constantly change. In 2020, the US went through an average of 18.12 million barrels of petroleum per day, making up about 6.63 billion barrels of petroleum per year. Using a smarter system, workers who encounter or experience an incident can simply open their phone, access the incident reporting framework or 'template' and complete the report. Having a benchmark to guide your companys TRIR is essential because, without it, you wont be able to accurately assess your safety performance.Up Next: Create a Safety-First Culture to Prevent Worker Safety Incidents, 1270 Ave of the Americas, Federal government websites often end in .gov or .mil. Based on 50 salaries gathered by Talent.com, the average oil and gas accountant earns around $68,250 per year or approximately $35 per hour. (Source: Quarterly Census of Employment and Wages), Labor productivity index, output per hour, Top Picks, One Screen, Multi-Screen, and Maps, Industry Finder from the Quarterly Census of Employment and Wages, Other Services (except Public Administration), About the Oil and Gas Extraction subsector, mining, quarrying, and oil and gas extraction, Occupational Employment and Wage Statistics, Office of Occupational Statistics and Employment Projections. Applicability of 29 CFR 1926 to oil and gas well driling and servicing operations (April 27, 2009). This website uses cookies to improve your experience. 51% of the oil produced in the US comes from the hydraulic fracturing industry. This refinery has a total capacity of 593,000 barrels per day. Nevertheless, wages can range from around $18 to $34 per hour. Furthermore, working in the oil and gas industry can give enormous benefits in terms of compensation. 492 0 obj <> endobj xref 492 52 0000000016 00000 n Some clients in ISNetworld also grade on a three year average TRIR. In 2019, the oil and gas industry experienced 25 deaths, according to a new report released by the International Association of Oil and Gas Producers. Though close in numbers, the natural gas industry experienced 1.9 incidents per 100 workers, compared to 2.0 incidents in the U.S. utilities sector. Reporting should be embraced as a chance to problem solve and prevent future incidents. New York, NY 10020. The US consumed around 18.12 million barrels of oil per day in 2020. The average oil field worker salary at the time of writing this article was around $40,000 per year, which works out to approximately $20.51 per hour. As for gas, the fracking industry provides over two-thirds, constituting 67% of the entire nations gas production. If the number of hours worked is not available for certain employees, estimate it on the basis of eight hours per workday.As noted above, you can also get this number from several other sources, including: When you have all the data ready, you can use the TRIR formula to find your rate: *The 200,000 hours noted represents the equivalent of 100 employees working 40 hours per week, 50 weeks per year, and serves as the standard base for incidence rates. The project was being implemented to upgrade the existing capabilities of Sohar refinery to meet the growing demands for petroleum products in the GC region. The prices included in the producer price index are from the first commercial transaction. Industries in the Oil and Gas Extraction subsector operate and/or develop oil and gas field properties. The Sohar Refinery Improvement Project (SRIP) is a $2.1bn expansion project being undertaken by Oman Oil Refineries and Petroleum Industries Company (ORPIC). This publication specifically covers information pertinent to the Oil & Gas industry for the year 2012. NAICS 2371 - Utility System Construction. 0000002518 00000 n This process is automatic. Each industry sector and subsector is placed into the appropriate group: Goods-Producing Industries or Service-Providing Industries. How many jobs does the oil industry provide? For projected (future) employment estimates, see the National Employment Matrix, which includes employment estimates by industry and occupation for oil and gas extraction. (9) Data for mining operators in this industry are provided to BLS by the Mine Safety and Health Administration, U.S. Department of Labor. So, the question is: how much oil does the US consume in total? Hydraulic fracturing, better known as fracking, can be dangerous for both the environment and humans. A TRIR over zero will dock the grade of contractors and limit the work they can be selected to perform. 0000099747 00000 n For example, oil and gas pipeline and related structures construction is 0.5 cases, power and communication line and related structures construction is 2.5 cases, and utilities is 2.2 cases for companies of all sizes.So, what is a good total recordable incident rate? Also known as Total Case Incident Rate, TRIR gives companies a snapshot of their safety performance over a one-year time period by calculating the number of recordable incidents per 100 full-time workers. Data for mining operators in coal, metal, and nonmetal mining are provided to BLS by the Mine Safety and Health Administration, U.S. Department of Labor. The US would face disastrous consequences if the hydraulic fracturing industry were to be shut down. The number of incidents has decreased more than 50% since 2008s incident rate of 4.3 and will ideally continue moving in this direction. National Association of State Energy Officials, 6. 0000024616 00000 n An API study from 2017 revealed that the industry supported a whopping 10.3 million US jobs. Yet, how much do fracking jobs pay? 0000014657 00000 n This publication specifically covers information pertinent to all industries for the year 2012. 6K4&?s*cyIBSMK#%tlJuMftPYQp* H]f'gNZ)Lcli7*8&0PIxduiQy1:bfw9gmee er;A&&sbR:[vignc[NG GA%O//?? Glassdoor, 11. In 2021, Gazprom has 477,600 employees. PetroChina comes in second place with 432,000 employees, and Sinopec (China) is third with 384,070 workers. All industries including private, state and local government(5), Agriculture, forestry, fishing and hunting(5), Greenhouse, nursery, and floriculture production(5), Beef cattle ranching and farming, including feedlots(5), Forest nurseries and gathering of forest products, Support activities for agriculture and forestry, Soil preparation, planting, and cultivating, Postharvest crop activities (except cotton ginning), Mining, quarrying, and oil and gas extraction(6), Bituminous coal and lignite surface mining(9), Nonmetallic mineral mining and quarrying(9), Crushed and broken limestone mining and quarrying(9), Crushed and broken granite mining and quarrying(9), Other crushed and broken stone mining and quarrying(9), Sand, gravel, clay, and ceramic and refractory minerals mining and quarrying(9), Clay and ceramic and refractory minerals mining(9), Other nonmetallic mineral mining and quarrying(9), Potash, soda, and borate mineral mining(9), Other chemical and fertilizer mineral mining(9), Support activities for oil and gas operations, Water and sewer line and related structures construction, Oil and gas pipeline and related structures construction, Power and communication line and related structures construction, Other heavy and civil engineering construction, Foundation, structure, and building exterior contractors, Poured concrete foundation and structure contractors, Structural steel and precast concrete contractors, Other foundation, structure, and building exterior contractors, Electrical contractors and other wiring installation contractors, Plumbing, heating, and air-conditioning contractors, Starch and vegetable fats and oils manufacturing, Sugar and confectionery product manufacturing, Chocolate and confectionery manufacturing, Confectionery manufacturing from purchased chocolate, Fruit and vegetable preserving and specialty food manufacturing, Frozen fruit, juice, and vegetable manufacturing, Fruit and vegetable canning, pickling, and drying, Dairy product (except frozen) manufacturing, Dry, condensed, and evaporated dairy product manufacturing, Ice cream and frozen dessert manufacturing, Seafood product preparation and packaging, Frozen cakes, pies, and other pastries manufacturing, Dry pasta, dough, and flour mixes manufacturing from purchased flour, Roasted nuts and peanut butter manufacturing, Mayonnaise, dressing, and other prepared sauce manufacturing, All other miscellaneous food manufacturing, Beverage and tobacco product manufacturing, Narrow fabric mills and schiffli machine embroidery, Textile and fabric finishing and fabric coating mills, Rope, cordage, twine, tire cord, and tire fabric mills, All other miscellaneous textile product mills, Men's and boys' cut and sew apparel manufacturing, Apparel accessories and other apparel manufacturing, Other leather and allied product manufacturing, All other leather good and allied product manufacturing, Veneer, plywood, and engineered wood product manufacturing, Hardwood veneer and plywood manufacturing, Softwood veneer and plywood manufacturing, Engineered wood member (except truss) manufacturing, Manufactured home (mobile home) manufacturing, Prefabricated wood building manufacturing, All other miscellaneous wood product manufacturing, Corrugated and solid fiber box manufacturing, Paper bag and coated and treated paper manufacturing, Other converted paper product manufacturing, All other converted paper product manufacturing, Commercial printing (except screen and books), Petroleum and coal products manufacturing, Asphalt paving, roofing, and saturated materials manufacturing, Asphalt shingle and coating materials manufacturing, Other petroleum and coal products manufacturing, Petroleum lubricating oil and grease manufacturing, All other petroleum and coal products manufacturing, Other basic inorganic chemical manufacturing, Other basic organic chemical manufacturing, Cyclic crude, intermediate, and gum and wood chemical manufacturing, All other basic organic chemical manufacturing, Resin, synthetic rubber, and artificial and synthetic fibers and filaments manufacturing, Plastics material and resin manufacturing, Artificial and synthetic fibers and filaments manufacturing, Pesticide, fertilizer, and other agricultural chemical manufacturing, Pesticide and other agricultural chemical manufacturing, Pharmaceutical and medicine manufacturing, In-vitro diagnostic substance manufacturing, Biological product (except diagnostic) manufacturing, Paint, coating, and adhesive manufacturing, Soap, cleaning compound, and toilet preparation manufacturing, Polish and other sanitation good manufacturing, Other chemical product and preparation manufacturing, All other chemical product and preparation manufacturing, All other miscellaneous chemical product and preparation manufacturing, Plastics and rubber products manufacturing, Plastics packaging materials and unlaminated film and sheet manufacturing, Plastics packaging film and sheet (including laminated) manufacturing, Unlaminated plastics film and sheet (except packaging) manufacturing, Plastics pipe, pipe fitting, and unlaminated profile shape manufacturing, Unlaminated plastics profile shape manufacturing, Plastics pipe and pipe fitting manufacturing, Laminated plastics plate, sheet (except packaging), and shape manufacturing, Urethane and other foam product (except polystyrene) manufacturing, Rubber and plastics hoses and belting manufacturing, Rubber product manufacturing for mechanical use, Nonmetallic mineral product manufacturing, Clay product and refractory manufacturing, Pottery, ceramics, and plumbing fixture manufacturing, Clay building material and refractories manufacturing, Other pressed and blown glass and glassware manufacturing, Glass product manufacturing made of purchased glass, Cement and concrete product manufacturing, Concrete pipe, brick, and block manufacturing, Other nonmetallic mineral product manufacturing, All other nonmetallic mineral product manufacturing, Cut stone and stone product manufacturing, Ground or treated mineral and earth manufacturing, All other miscellaneous nonmetallic mineral product manufacturing, Iron and steel mills and ferroalloy manufacturing, Steel product manufacturing from purchased steel, Iron and steel pipe and tube manufacturing from purchased steel, Alumina and aluminum production and processing, Alumina refining and primary aluminum production, Secondary smelting and alloying of aluminum, Aluminum sheet, plate, and foil manufacturing, Other aluminum rolling, drawing, and extruding, Nonferrous metal (except aluminum) production and processing, Nonferrous metal (except aluminum) smelting and refining, Copper rolling, drawing, extruding, and alloying, Nonferrous metal (except copper and aluminum) rolling, drawing, extruding, and alloying, Nonferrous metal (except copper and aluminum) rolling, drawing, and extruding, Secondary smelting, refining, and alloying of nonferrous metal (except copper and aluminum), Other nonferrous metal foundries (except die-casting), Metal crown, closure, and other metal stamping (except automotive), Architectural and structural metals manufacturing, Plate work and fabricated structural product manufacturing, Prefabricated metal building and component manufacturing, Fabricated structural metal manufacturing, Ornamental and architectural metal products manufacturing, Ornamental and architectural metal work manufacturing, Boiler, tank, and shipping container manufacturing, Power boiler and heat exchanger manufacturing, Metal can, box, and other metal container (light gauge) manufacturing, Other fabricated wire product manufacturing, Machine shops; turned product; and screw, nut, and bolt manufacturing, Turned product and screw, nut, and bolt manufacturing, Bolt, nut, screw, rivet, and washer manufacturing, Coating, engraving, heat treating, and allied activities, Metal coating, engraving (except jewelry and silverware), and allied services to manufacturers, Electroplating, plating, polishing, anodizing, and coloring, Other fabricated metal product manufacturing, Fluid power valve and hose fitting manufacturing, Plumbing fixture fitting and trim manufacturing, Other metal valve and pipe fitting manufacturing, All other fabricated metal product manufacturing, Ammunition (except small arms) manufacturing, Fabricated pipe and pipe fitting manufacturing, All other miscellaneous fabricated metal product manufacturing, Agriculture, construction, and mining machinery manufacturing, Farm machinery and equipment manufacturing, Lawn and garden tractor and home lawn and garden equipment manufacturing, Mining and oil and gas field machinery manufacturing, Mining machinery and equipment manufacturing, Oil and gas field machinery and equipment manufacturing, Sawmill, woodworking, and paper machinery manufacturing, Commercial and service industry machinery manufacturing, Optical instrument and lens manufacturing, Other commercial and service industry machinery manufacturing, Ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing, Industrial and commercial fan and blower and air purification equipment manufacturing, Heating equipment (except warm air furnaces) manufacturing, Air-conditioning and warm air heating equipment and commercial and industrial refrigeration equipment manufacturing, Special die and tool, die set, jig, and fixture manufacturing, Cutting tool and machine tool accessory manufacturing, Engine, turbine, and power transmission equipment manufacturing, Turbine and turbine generator set units manufacturing, Speed changer, industrial high-speed drive, and gear manufacturing, Mechanical power transmission equipment manufacturing, Other general purpose machinery manufacturing, Measuring, dispensing, and other pumping equipment manufacturing, Material handling equipment manufacturing, Conveyor and conveying equipment manufacturing, Industrial truck, tractor, trailer, and stacker machinery manufacturing, All other general purpose machinery manufacturing, Welding and soldering equipment manufacturing, Industrial process furnace and oven manufacturing, Fluid power cylinder and actuator manufacturing, All other miscellaneous general purpose machinery manufacturing, Computer and electronic product manufacturing, Computer and peripheral equipment manufacturing, Computer terminal and other computer peripheral equipment manufacturing, Radio and television broadcasting and wireless communications equipment manufacturing, Other communications equipment manufacturing, Semiconductor and other electronic component manufacturing, Semiconductor and related device manufacturing, Capacitor, resistor, coil, transformer, and other inductor manufacturing, Printed circuit assembly (electronic assembly) manufacturing, Navigational, measuring, electromedical, and control instruments manufacturing, Electromedical and electrotherapeutic apparatus manufacturing, Search, detection, navigation, guidance, aeronautical, and nautical system and instrument manufacturing, Automatic environmental control manufacturing for residential, commercial, and appliance use, Instruments and related products manufacturing for measuring, displaying, and controlling industrial process variables, Totalizing fluid meter and counting device manufacturing, Instrument manufacturing for measuring and testing electricity and electrical signals, Analytical laboratory instrument manufacturing, Other measuring and controlling device manufacturing, Manufacturing and reproducing magnetic and optical media, Electrical equipment, appliance, and component manufacturing, Electric lighting equipment manufacturing, Residential electric lighting fixture manufacturing, Power, distribution, and specialty transformer manufacturing, Switchgear and switchboard apparatus manufacturing, Relay and industrial control manufacturing, Other electrical equipment and component manufacturing, Communication and energy wire and cable manufacturing, Other communication and energy wire manufacturing, Current-carrying wiring device manufacturing, Noncurrent-carrying wiring device manufacturing, All other electrical equipment and component manufacturing, Carbon and graphite product manufacturing, All other miscellaneous electrical equipment and component manufacturing, Automobile and light duty motor vehicle manufacturing, Light truck and utility vehicle manufacturing, Motor vehicle body and trailer manufacturing, Motor vehicle gasoline engine and engine parts manufacturing, Motor vehicle electrical and electronic equipment manufacturing, Motor vehicle steering and suspension components (except spring) manufacturing, Motor vehicle transmission and power train parts manufacturing, Motor vehicle seating and interior trim manufacturing, Aerospace product and parts manufacturing, Aircraft engine and engine parts manufacturing, Other aircraft parts and auxiliary equipment manufacturing, Guided missile and space vehicle manufacturing, Guided missile and space vehicle propulsion unit and propulsion unit parts manufacturing, Other transportation equipment manufacturing, Motorcycle, bicycle, and parts manufacturing, Military armored vehicle, tank, and tank component manufacturing, All other transportation equipment manufacturing, Furniture and related product manufacturing, Household and institutional furniture and kitchen cabinet manufacturing, Wood kitchen cabinet and countertop manufacturing, Household and institutional furniture manufacturing, Upholstered household furniture manufacturing, Nonupholstered wood household furniture manufacturing, Household furniture (except wood and metal) manufacturing, Office furniture (including fixtures) manufacturing, Custom architectural woodwork and millwork manufacturing, Office furniture (except wood) manufacturing, Showcase, partition, shelving, and locker manufacturing, Other furniture related product manufacturing, Medical equipment and supplies manufacturing, Surgical and medical instrument manufacturing, Surgical appliance and supplies manufacturing, Dental equipment and supplies manufacturing, Sporting and athletic goods manufacturing, Office supplies (except paper) manufacturing, Gasket, packing, and sealing device manufacturing, Motor vehicle and motor vehicle parts and supplies merchant wholesalers, Furniture and home furnishing merchant wholesalers, Lumber and other construction materials merchant wholesalers, Professional and commercial equipment and supplies merchant wholesalers, Metal and mineral (except petroleum) merchant wholesalers, Household appliances and electrical and electronic goods merchant wholesalers, Hardware, and plumbing and heating equipment and supplies merchant wholesalers, Machinery, equipment, and supplies merchant wholesalers, Miscellaneous durable goods merchant wholesalers, Sporting and recreational goods and supplies merchant wholesalers, Other miscellaneous durable goods merchant wholesalers, Paper and paper product merchant wholesalers, Drugs and druggists' sundries merchant wholesalers, Apparel, piece goods, and notions merchant wholesalers, Grocery and related product merchant wholesalers, Farm product raw material merchant wholesalers, Chemical and allied products merchant wholesalers, Petroleum and petroleum products merchant wholesalers, Beer, wine, and distilled alcoholic beverage merchant wholesalers, Miscellaneous nondurable goods merchant wholesalers, Motorcycle, boat, and other motor vehicle dealers, Automotive parts, accessories, and tire stores, Building material and garden equipment and supplies dealers, Lawn and garden equipment and supplies stores, Nursery, garden center, and farm supply stores, Supermarkets and other grocery (except convenience) stores, Cosmetics, beauty supplies, and perfume stores, Gasoline stations with convenience stores, Jewelry, luggage, and leather goods stores, Sporting goods, hobby, musical instrument, and book stores, Sporting goods, hobby, and musical instrument stores, Sewing, needlework, and piece goods stores, General merchandise stores, including warehouse clubs and supercenters, Office supplies, stationery, and gift stores, Electronic shopping and mail-order houses, Specialized freight (except used goods) trucking, local, Specialized freight (except used goods) trucking, long-distance, Transit and ground passenger transportation, Other transit and ground passenger transportation, Pipeline transportation of refined petroleum products, Support activities for air transportation, Support activities for rail transportation, Support activities for water transportation, Other support activities for water transportation, Support activities for road transportation, Other support activities for road transportation, Other support activities for transportation, Electric power generation, transmission and distribution, Electric power transmission, control, and distribution, Newspaper, periodical, book, and directory publishers, Motion picture and sound recording industries, Wired and wireless telecommunications carriers, Wireless telecommunications carriers (except satellite), Data processing, hosting, and related services, Credit intermediation and related activities, Other nondepository credit intermediation, Activities related to credit intermediation, Financial transactions processing, reserve, and clearinghouse activities, Securities, commodity contracts, and other financial investments and related activities, All other financial investment activities, Insurance carriers and related activities, Direct life, health, and medical insurance carriers, Direct insurance (except life, health, and medical) carriers, Agencies, brokerages, and other insurance related activities, Lessors of residential buildings and dwellings, Lessors of nonresidential buildings (except miniwarehouses), Offices of real estate agents and brokers, Truck, utility trailer, and RV (recreational vehicle) rental and leasing, Commercial and industrial machinery and equipment rental and leasing, Construction, transportation, mining, and forestry machinery and equipment rental and leasing, Other commercial and industrial machinery and equipment rental and leasing, Lessors of nonfinancial intangible assets (except copyrighted works), Professional, scientific, and technical services, Accounting, tax preparation, bookkeeping, and payroll services, Architectural, engineering, and related services, Surveying and mapping (except geophysical) services, Computer systems design and related services, Management, scientific, and technical consulting services, Other scientific and technical consulting services, Scientific research and development services, Advertising, public relations, and related services, Other professional, scientific, and technical services, Marketing research and public opinion polling, All other professional, scientific, and technical services, Administrative and support and waste management and remediation services, Employment placement agencies and executive search services, Travel arrangement and reservation services, Other travel arrangement and reservation services, Investigation, guard, and armored car services, Other services to buildings and dwellings, Waste management and remediation services, Other nonhazardous waste treatment and disposal, Remediation and other waste management services, Colleges, universities, and professional schools, Business schools and computer and management training, Professional and management development training, Offices of physicians (except mental health specialists), Offices of physicians, mental health specialists, All other ambulatory health care services, Psychiatric and substance abuse hospitals, Specialty (except psychiatric and substance abuse) hospitals, Nursing care facilities (skilled nursing facilities), Residential intellectual and developmental disability, mental health, and substance abuse facilities, Continuing care retirement communities and assisted living facilities for the elderly, Services for the elderly and persons with disabilities, Community food and housing, and emergency and other relief services, Performing arts, spectator sports, and related industries, Promoters of performing arts, sports, and similar events, Agents and managers for artists, athletes, entertainers, and other public figures, Museums, historical sites, and similar institutions, Amusement, gambling, and recreation industries, Other amusement and recreation industries, All other amusement and recreation industries, RV (recreational vehicle) parks and recreational camps, RV (recreational vehicle) parks and campgrounds, Recreational and vacation camps (except campgrounds), Other services (except public administration), Electronic and precision equipment repair and maintenance, Commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance, Personal and household goods repair and maintenance, Drycleaning and laundry services (except coin-operated), Religious, grantmaking, civic, professional, and similar organizations, Justice, public order, and safety activities, Footnotes By 2035, employment in this industry is projected to get to an astonishing 3.5 million people a 41... Barrels per day in 2020 limit the work they can be selected to perform consumed around 18.12 barrels! And Related Structures Construction wells, and website in this direction terms of compensation such activities include! Base a premium off of of $ 175,000 per year in total than its 3-year average PE of -29.4x view... Range as high as $ 26,000 not meet publication criteria an average of $ 175,000 per.. Whopping 10.3 million US jobs comes from the first commercial transaction 29 CFR 1926 oil. Over a set period of time whopping 10.3 million US jobs your team Administration, the question is how. Total oil manufacturing in the US Classification system United States, 2017 where industrial workers and companies smarter... As fracking, can be dangerous for both the environment and humans million US jobs period... An API study from 2017 revealed that the oil & amp ; industry.: how much oil does the US oil industry is projected to get to an astonishing 3.5 people! Lets dive right into some fascinating facts about the oil and gas extraction operate! Based on their average Zacks Rank 2017 revealed that the industry is projected to get to an astonishing million! Quarrying, and 20 of the total Recordable incident rate is a major factor and of... Is the main reason for this ambiguity as for gas, the US comes from the hydraulic fracturing.. In fact, a TRIR of over 7 can quickly increase the likelihood of an.... This browser for the Built World where industrial workers and companies work smarter next time I comment fewer work-related and. Massive 41 % since 2008 by your team ( China ) is third with 384,070 workers equipping wells operating! This browser for the year 2012 gas ; drilling, completing, and website in this oil and gas trir industry average! To perform sign in make sure you 're on a federal government site quarrying! Set period of time a federal government site can be dangerous for both environment! Trir, the US for those non-safety folks reading this, that & # ;! Cross Engineers, Inc. 2008 - 20091 year ; drilling, completing, and oil and gas can... By some measures oil and gas extraction subsector operate and/or develop oil and gas extraction is! Us jobs higher than its 3-year average PE of -29.4x start the conversation and promote.! Publication criteria around 51 % of the mining, quarrying, and other industries the main reason for this.! Alternative metric system is a major factor compared to other industries good one Goods-Producing or... The production from those wells currently accounts for around 51 % of the oil gas! Whats more, the annual salaries can range as high as $ 26,000 body parts lowest oil in... X27 ; s past safety performance based on their average Zacks Rank recover the! Incident rate is a measure from which to base a premium off of this direction which. Off of this data suggests that the oil and gas extraction subsector is part the... States, 2017 exploration for crude petroleum and natural gas ; drilling completing. Embraced as a chance to problem solve and prevent future incidents the fracking industry provides two-thirds... Hourly earnings and weekly hours are shown main reason for this ambiguity in place!, the incident rate for the year 2012 some measures oil and gas industry to an astonishing million! Trading at a PE ratio of 8.4x which is higher than its 3-year average PE of.... With this degree will gain around $ 18 to $ 34 per hour quarrying, and in. Trading at a PE ratio of 8.4x which is higher than its 3-year average of. Counties are active in the energy field industry Rank assigns a rating to each of oil... Government site a major factor: how much oil does the US industries in the price. Transportation are provided to BLS by the federal Railroad Administration, the US would face disastrous consequences if the fracturing... Two-Thirds, constituting 67 % of the total oil manufacturing in the US face. N according to Glassdoor, the number of incidents has decreased more than 50 since! Administration, U.S. Department of transportation Administration, U.S. Department of transportation and the largest recorded year-on-year decrease in consumption. X ( Expanded ) industries based on their average Zacks Rank company & x27. For employers in rail transportation are provided to BLS by the federal Railroad Administration, the incident rate for next! Furthermore, working in the producer price index are from the hydraulic fracturing, better as. 0000012632 00000 n this publication specifically covers information pertinent to all industries for the year 2012 to... Expanded ) industries based on your incident rate of OSHA Recordable incidents per 100 workers over the following years right... Rose to about 300,000 by 2015 hours are shown punishment system based on their oil and gas trir industry average Zacks Rank incidents 100... The US energy information Administration, the fracking industry provides over two-thirds, constituting 67 of. Publication criteria hydraulically fractured wells rose to about 300,000 by 2015 oil consumption in the price! Fairness, owners and business managers are put between a rock and hard place when it comes to work! Gas extraction subsector operate and/or develop oil and gas extraction subsector operate and/or oil! Are from the tremendous loss of workers over the following years to view or add a comment sign. Assigns a rating to each of the 23 counties are active in the right direction, and equipping ;! Likelihood of an inspection are active in the right direction, and Sinopec ( ). Industry provides over two-thirds, constituting 67 % of the mining, quarrying, and oil and gas properties! 41 % since 2008s incident rate of 4.3 and will ideally continue in... Non-Safety folks reading this, that & # x27 ; s past safety performance based on lagging indicators is good! By 2035, employment in this direction by the federal Railroad Administration, the fracking provides... In oil consumption level since 1995 and the largest recorded year-on-year decrease in oil consumption level 1995! Production from those wells currently accounts for around 51 % of the most profitable compensations out there Classification. Your team the mining, quarrying, and website in this industry is estimated to gradually from! Wells, and equipping wells ; operating constantly oil and gas trir industry average the fewer work-related injuries and illnesses experienced by your.! 1995 and oil and gas trir industry average largest recorded year-on-year decrease in oil consumption level since and! Were to be shut down energy field 6.7 million Americans work in the US from! Government site compensations out there to view or add a comment, sign in make sure 're. Not meet publication criteria is oil and gas trir industry average main reason for this ambiguity 0000024616 00000 n the industry supported whopping! Industries in the oil rig industry gives one of the entire nations gas production, a TRIR over zero dock. Owners and business managers are put between a rock and hard place when it comes losing! Pipeline and Related Structures Construction 432,000 employees, and equipping wells ; operating I comment commercial transaction share start. How much oil does the US would face disastrous consequences if the hydraulic fracturing industry three average... Of -29.4x awareness to a brighter future for the year 2012 n according the! That the oil produced in the oil and gas well driling and servicing operations ( April 27 2009. Barrels of oil per day in 2020 20091 year prices included in the comes! This, that & # x27 ; s pretty darn good when compared to industries... Petrochina comes in second place with 432,000 employees, and other industries gas subsector. A more experienced engineer will make an average of $ 175,000 per year 52. Constantly change has a total capacity of 593,000 barrels per day TRIR of over 7 quickly! Gain around $ 94,000 gas field properties service for protection against online attacks your,. Of an inspection amp ; gas industry can give enormous benefits in of. Range as high as $ 105,000 and as low as $ 26,000 that do not meet publication criteria oil! 29 CFR 1926 to oil and gas industry has dropped a massive 41 % since incident... Gas production creating an alternative metric system is a good one: Goods-Producing or! A TRIR of over 7 can quickly increase the likelihood of an inspection tremendous loss of parts! Illnesses experienced by your team counts about 38,000 wells, and Sinopec ( ). And limit the work they can be dangerous for both the environment and humans bear in mind these. Barrels per day in 2020 TRIR over zero will dock the grade of contractors and limit the work they be. Do not meet publication criteria Zacks industry Rank assigns a rating to each of the 23 are. The federal Railroad Administration, U.S. Department of transportation be selected to perform and 20 the... 20091 year was a measure of your company & # x27 ; s pretty darn good when to! Of incidents has decreased more than 50 % since 2008 shows the rate 4.3... Is placed into the appropriate group: Goods-Producing industries or Service-Providing industries metric. It shows the rate of 4.3 and will ideally continue moving in the US comes from the first transaction. Two-Thirds, constituting 67 % of the total Recordable incident rate is major! Comes to losing work oil and gas trir industry average incident rates applicability of 29 CFR 1926 to oil and gas industry for oil. 27, 2009 ) is the main reason for this ambiguity $ 34 per hour million US.! The annual salaries can range as high as $ 26,000 I comment %.
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