Texas

Permian-Fueled Revenue Lifts Texas Oil, Natural Gas Royalties Near $14B

Permian-Fueled Revenue Lifts Texas Oil, Natural Gas Royalties Near $14B

Lifted by revenue pulled from the Permian Basin in West Texas, the state’s oil and natural gas industry paid $13.9 billion in taxes and royalties in fiscal 2020, or around $38 million/day,  according to a top industry group. Data compiled by the Texas Oil & Gas Association (TXOGA) indicated state energy industry taxes and royalties…

January 14, 2021
Texas Oil, Natural Gas Well Inspections Tracking Ahead of Target

Texas Oil, Natural Gas Well Inspections Tracking Ahead of Target

One quarter into the 2021 fiscal year, the Railroad Commission of Texas (RRC) is ahead of its goal to have 5% or less of the oil and natural gas wells in the state uninspected at least once every five years. Only 4.28% of the nearly 440,000 wells in Texas have not been inspected at least…

January 11, 2021
Texas Natural Gas and Oil Production Off Sharply in October, but Permian Still Leading Activity

Texas Natural Gas and Oil Production Off Sharply in October, but Permian Still Leading Activity

Texas crude oil and natural gas production posted double-digit percentage losses year/year in October as the state continued to grapple with weakened demand and a soft price environment, according to the Railroad Commission of Texas (RRC). The average daily production of natural gas in Texas declined by more than 16% year/year in October, while crude…

December 31, 2020
Workforce in Texas Upstream Energy Sector Contracts in November After Two Months of Growth

Workforce in Texas Upstream Energy Sector Contracts in November After Two Months of Growth

The number of total jobs in Texas’ upstream sector dipped in November after showing positive gains in October and November, driven principally by layoffs in the services sector.  The Texas Independent Producers & Royalty Owners Association (TIPRO) reported new government data showing that the sector experienced a decline of 2,300 jobs in November compared to…

December 24, 2020
Texas Upstream Energy Job Losses Steeper than Estimated as Pandemic Jolts Industry

Texas Upstream Energy Job Losses Steeper than Estimated as Pandemic Jolts Industry

Routed by Covid-19, the Texas upstream oil and gas sector has lost more jobs this year than originally reported, according to a top industry group. Using internal data and information provided by the Federal Reserve Bank of Dallas, aka Dallas Fed, workforce reductions in the state over the past year are steeper than first estimates,…

December 10, 2020
Texas Oil, Gas Industry Facing ‘Great Crew Change’ as Boomers Retire, Fewer Enter Workforce

Texas Oil, Gas Industry Facing ‘Great Crew Change’ as Boomers Retire, Fewer Enter Workforce

The Texas oil and gas industry has faced a unique set of challenges this year, but it continues to provide strong economic support and will for decades to come, according to one of the state’s top energy groups. The Texas Independent Producers & Royalty Owners Association (TIPRO) issued its latest report Thursday on employment trends,…

December 4, 2020
Texas GulfLink Deepwater Crude Export Terminal Gaining Traction

Texas GulfLink Deepwater Crude Export Terminal Gaining Traction

A Sentinel Midstream LLC subsidiary said Monday it has received a draft environmental impact statement (DEIS) for the deepwater crude oil export facility planned off the coast of Freeport, TX. The U.S. Coast Guard and the U.S. Maritime Administration (MARAD) issued the DEIS for the Texas GulfLink project, a “critical step in the regulatory process…

November 30, 2020
Texas Oil and Gas Upstream Picture Brighter as More Jobs Added in October

Texas Oil and Gas Upstream Picture Brighter as More Jobs Added in October

The Texas oil and gas jobs picture was brighter in October for the second consecutive month, but there remains an overhang from Covid-19’s pressure on demand, according to a top energy industry group. The state’s upstream sector added 600 jobs in October, the Texas Oil and Gas Association (TXOGA) said Wednesday. September’s job gains also…

November 30, 2020
Texas Power Generation Sufficient for Winter and Spring, Says ERCOT

Texas Power Generation Sufficient for Winter and Spring, Says ERCOT

Texas is expected to have more than enough power to meet consumption needs this winter and spring, according to the grid operator for most of the state. The Electric Reliability Council of Texas (ERCOT) is forecasting demand this winter to peak at 57,699 MW, which is far below the all-time winter high of 65,915 MW…

November 11, 2020
Texas Oil, Natural Gas Pipelines Said Major Contributor to State Economy

Texas Oil, Natural Gas Pipelines Said Major Contributor to State Economy

The Texas oil and gas pipeline sector supported more than 238,000 high paying jobs and contributed more than $48.6 billion to the state in 2019, according to a Texas Tech University study. The report, by Tech’s Center for Energy Commerce at the Rawls College of Business, was commissioned by the Austin, TX-based Texas Pipeline Association…

October 21, 2020
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