Wages for US oil and gas workers climbs above $43 an hour
Wednesday, June 14, 2023
Wages for U.S. oil workers have climbed over $43 an hour for the first time amid steady employment and slow production growth, according to Yahoo Finance.
According to a recently-released Labor Department report, average hourly earnings for front-line oil and gas workers rose 0.7% in April month-over-month to $43.28. Wages are up 12% compared with a year ago.
The rising wages, despite an economy that saw the jobless rate jump and paycheck growth ease, indicate that U.S. oil companies are maintaining their push for consistent drilling programs.
Learn more: Yahoo Finance > Hourly Pay for US Shale Workers Tops $43, a Record in the Industry’s Hunt for Employees
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.