Permian Basin oil and gas adds jobsPermian Basin oil and gas adds jobshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=65722013-08-19T15:59:00Z2013-08-19T00:00:00Z

PERMIAN BASIN - The Texas Permian Basin Petroleum Index rose again in June 2013, coming in 4.9 percent above June 2012 levels.

The Permian Basin oil and gas industry continues to create jobs at a fast pace, with employment averaging 30,795 in June 2013, up 12 percent from June 2012 and 30,160 so far in 2013, up 14.7 percent in the same period in 2012.

High drilling activity continued to lift Permian Basin oil production volumes, which were up 2.1 percent in June 2013 over June 2012 and are up 4 percent so far this year compared to 2012.

Strong prices also improved the value of June 2013 oil production to $2.62 billion, up 18.9 percent from $2.2 billion in June 2012. For 2013, the value of oil production slipped 0.2 percent to $15.233 billion from $15.26 billion in 2012.

Midland Reporter-Telegram
http://www.mywesttexas.com/business/oil/article_3fdb365f-ede4-539f-9eaf-e11cc17d710c.htmlRead more at {Source}

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