AUSTIN – Texas’ production of oil, natural gas, and natural gas liquids achieved new record highs, and resource reserves should support decades of prospective production, according to a new monthly energy economics analysis prepared by Texas Oil & Gas Association (TXOGA) Chief Economist Dean Foreman, Ph.D.
Texas’ electricity markets have seen record-high demand this summer, and some analysts have been puzzled by the stark contrast in demand when compared to the rest of the U.S.
With strong population and economic growth–plus the arrival of hot weather–Texas’ electricity markets are on pace for record-high demand and electricity to be delivered this summer.
Check out our Month in Review for July below to see how TXOGA was busy advocating for the Texas oil and natural gas industry
Wednesday, August 23 is the deadline for nominations for the 2023 South Texas Energy and Economic Roundtable (STEER) Eagle Ford Excellence Awards, which honor the companies, organizations and partnerships that are working with the oil and natural gas industry to keep South Texas strong through investments in innovation and technology, while maintaining high environmental standards and providing for the communities where they operate.
AUSTIN – The oil and natural gas industry has harnessed technology and innovation for generations and, as a result, is excelling in environmental progress, efficiency, and safety.
AUSTIN – Despite a falling Texas rig count, newly-released data from the Texas Workforce Commission (TWC) shows that upstream oil and natural gas employment in the state continued to grow in June, with industry adding an additional 2,500 jobs.
AUSTIN – The Texas Oil & Gas Association (TXOGA) today announced the hiring of Tracy Gonzales as Director of Community Relations for Houston and Southeast Texas. TXOGA President Todd Staples issued the following statement
Check out our Month in Review for June below to see how TXOGA was busy advocating for the Texas oil and natural gas industry
FORT WORTH – Former U.S. Secretary of Energy Dan Brouillette today headlined the 2023 Texas Oil & Gas Association (TXOGA) North Texas Energy Summit where business and community leaders from across North Texas convened to hear from state and federal leaders as well as energy and economic experts.
AUSTIN – Newly-released data from the Texas Workforce Commission (TWC), subject to customary data revisions in the coming months, shows that upstream oil and natural gas employment in the state surged by 6,900 jobs in May, the highest single-month reported job growth in the 33 years of data available on TWC’s website.
AUSTIN – The Dallas Federal Reserve Bank recently reported in May that Texas’ economic expansion has slowed, and the business outlook has weakened.
Check out our Month in Review for May below to see how TXOGA was busy advocating for the Texas oil and natural gas industry
AUSTIN – Todd Staples, President of the Texas Oil & Gas Association (TXOGA) today issued a statement following Governor Greg Abbott’s call for a special legislative session prioritizing property tax relief through property tax rate compression
AUSTIN – The Texas Oil & Gas Association’s (TXOGA) Safety Group today announced that companies who are members collectively earned $2.12 million in dividends from Texas Mutual Insurance Company for prioritizing workplace safety and keeping the group’s loss ratio low.
AUSTIN – Data released by the Bureau of Labor Statistics and Texas Workforce Commission indicates that upstream oil and natural gas employment in Texas saw continued growth in April, edging up by 700 jobs and bringing the job count to within striking distance of 200,000 for the first time in over three years.
AUSTIN – Organizations representing electricity consumers statewide are demanding a meaningful cap on the proposed Performance Credit Mechanism (PCM) scheme that will impose billions of dollars in increased costs for Texas consumers if left uncapped. The PCM offers no guarantee of increased capacity or improved reliability and lacks consumer protections and spending oversight.
“Texas has long been a business leader, recently winning Site Selection’s Governor’s Cup for the 11th year in a row and being named the Best State for Business for a record 19 years in a row by Chief Executive Magazine.
“Reliability in our electric grid is essential to meet Texans’ basic needs, but so is controlling extreme costs.
AUSTIN – The proposed Performance Credit Mechanism (PCM) being considered among ERCOT market reform options “would entail billions in costs for customers without a meaningful improvement in reliability,” according to the final results of an Assessment of ERCOT Market Reform Alternatives, prepared by Bates White Economic Consulting, a firm with 25-years of experience in providing advanced economic, financial, and econometric analyses to law firms, companies, and government agencies.
AUSTIN – Todd Staples, President of the Texas Oil & Gas Association (TXOGA) today issued a statement on the House passage of HB 5, the Texas Jobs & Security Act, authored by Chairman Todd Hunter, which would create a new, modern economic development program
