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Wages Update
Plotted on a chart dating from 2006 to the present, wages have been on a consistent climb in the past eight years, with only a few slight drops (and a few larger ones around the 2008 recession). (Graphic courtesy of Rigzone)
Wages for oil and gas professionals reached a record high in March, according to a Rigzone analysis of data from the U.S. Bureau of Labor Statistics. Looking at the combined categories of oil and gas extraction and support activities for oil and gas, energy workers were paid an average of $33.22 per hour, higher than any other time recorded.Part of what’s driving up wages, they believe, is high productivity because of shale activity.“Production levels are at their highest levels since the mid-1980s,” says Paul Caplan, president of Rigzone, an online information clearinghouse for the oil and gas industry. “We’re hitting
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