AQUA BOOK 2016 - Page 10

Oil & Gas Job Changes 2014-2015 Corpus Christi -564 Coastal Bend -2,645 South Texas SHALE OIL CYCLE -5,918 8 Texas -25,597 -30000 -20000 -10000 0 Crude Petroleum and Natural Gas Extraction Natural Gas Liquid Extraction Drilling Oil and Gas Wells Support Activities for Oil and Gas Operations Source: EMIS, 2015Q4. Corpus Christi is also highly exposed to the decline of the oil industry, even though its oil- and gas-related employment share has reduced appreciably from the peak around 6 percent in the 1980s to 3.5 percent today. With more diversification across industries, this metro area suffered a rather modest loss of 564 jobs in oil field jobs in 2015. That said, at a time of oil declines and associated layoffs, the ramp-up of multi-year industrial construction projects, have somewhat muted the direct impacts. Annual Review of South Texas Economy