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Oil and Gas Employment Starts 2019 Positively

This time two years ago, the oil and gas industry was lamenting job losses due to the downturn and many disconcerted oil and gas professionals sought out work in other fields.

About this time last year, the industry had returned to $50 oil and it was enough to stimulate some significant hiring in the upstream sector.

In fact, taking a microscope to Texas a strong oil and gas state oil economist Karr Ingham said Texas really flexed its muscle in 2018 in regard to production. He noted the state’s crude oil production made up 40 %of total U.S. production and that percentage is expected to increase by the end of 2019.

 

Solo Oil PLC (LON:SOLO) is an investment company with the target of acquiring a diverse global portfolio of direct and indirect interests in exploration, development and production oil and gas assets, both on-shore and off-shore.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.