Journal Article

Spotlight: Oil Patch Productivity Rises; Jobs Vanish

Abstract: After major oil price busts in 2014 and 2020, the same engineering prowess that helped the oil and gas industry thrive has been driven to find efficiencies to lower operating costs. The result: Fewer workers are needed to produce the same oil and gas output.

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Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Southwest Economy

Publication Date: 2021

Issue: Second Quarter