Midland, Texas is a growing area with a population increase of over 30 percent since 2000, much of that due to the oil and gas industry. The average household income has nearly doubled in that time as well, while the cost of living is still economical. Over the next few years, there will be a number of retirements as an estimated 71 percent of the workforce across the industry is over 50, keeping the outlook for job opportunities strong.
Jobs in oil are many and varied in skill and educational requirements. There are positions for engineers (petroleum, civil, mechanical, chemical, manufacturing and others), geologists, operations supervisors and environmental consultants. There are also positions where a college degree is not needed such as a rig worker, driller, oil field mechanic, and roustabout.
Midland, TX Oil Job Market
The past year has been tough on the Midland, Texas oil job market due to the drop in oil prices in 2014. However, prices are starting to increase again and with an aging workforce, the industry still offers plenty of opportunities. Slowdowns are a way of life in this industry and Midland will ride this one out just as it has in the past.
However, a drop in oil prices hasn't slowed growth too much. Chevron and Occidental are building new local headquarters in Midland. Some of the hottest opportunities with oil companies are in the experimental fields as they realize the U.S.'s reliance on oil must decrease and they begin to invest in alternative fuel discovery.
Oil Salaries in Midland, TX
Salaries vary greatly in this industry. It is not uncommon for a rig crew manager to make $115,000 with bonuses. Oil companies often pay people with little to no experience between $65,000 and $80,000 for some of the grittier jobs such as derrick hand and welder. For candidates who want the decent paycheck without a lot of heavy lifting, accountants are high in demand in the field.