Workforce Woes: Labor Shortage in the Oil Patch

U.S. oil and gas production growth may be restrained by workers fed up with the industry’s cyclical nature.

(Source: Johor Bharu / Shutterstock.com)

[Editor's note: A version of this story appears in the June 2022 issue of Oil and Gas Investor magazine.]

The greatest threat to the U.S.’ ability to ramp up production this year could be an absence of workers who know how to do the job.

The Russian onslaught against Ukraine that began Feb. 24 continues without abatement, and the U.S. government has encouraged operators to produce more oil and gas to counter the energy instability left in the wake of war.

The sector is responding with signs of some growth.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access