Author: Stephen Chang

Upstream Oil and Gas Employment in Texas Continues to Grow in January

AUSTIN – Data released by the Bureau of Labor Statistics and Texas Workforce Commission indicates that upstream oil and gas employment in Texas continues to grow, with the sector adding an additional 1,700 jobs in January.

CONTINUE READING Upstream Oil and Gas Employment in Texas Continues to Grow in January 1 min read

Hundreds of Texans, 60+ Partner Organizations Gather in Austin for Texas Energy Day @ the Capitol

AUSTIN – Hundreds of Texans, including employees, partners and supporters of the Texas energy industry, convened in Austin today for Texas Energy Day @ the Capitol, an event sponsored by more than 60 companies, associations and chambers of commerce from across the state to reinforce the importance of the oil and natural gas industry to our state and nation’s economic and energy security.

CONTINUE READING Hundreds of Texans, 60+ Partner Organizations Gather in Austin for Texas Energy Day @ the Capitol 5 min read

TXOGA Statement in Support of Texas Jobs and Security Act

AUSTIN – Todd Staples, President of the Texas Oil & Gas Association (TXOGA) today issued the following statement in support of HB 5, the Texas Jobs and Security Act filed by Chairman Todd Hunter: “Thank you to Texas House Speaker Dade Phelan and Chairman Todd Hunter for moving the Lone Star State in the right

CONTINUE READING TXOGA Statement in Support of Texas Jobs and Security Act 1 min read

Newly Published Assessment Finds Performance Credit Mechanism Would Cost Consumers $5.7 Billion Annually; Dispatchable Reliability Reserve Service Would be More Effective at a Fraction of the Cost

AUSTIN – The proposed Performance Credit Mechanism being considered among ERCOT market reform options, “would entail billions in costs for customers without a meaningful improvement in reliability,” according to 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.

CONTINUE READING Newly Published Assessment Finds Performance Credit Mechanism Would Cost Consumers $5.7 Billion Annually; Dispatchable Reliability Reserve Service Would be More Effective at a Fraction of the Cost 3 min read

TXOGA Winter Weather Situation Report

A PDF version of the situation report can be found here. NATURAL GAS PRODUCTION, TRANSPORTATION AND STORAGE Across the U.S. natural gas production is holding steady and is forecasted to increase while power demand is beginning to decrease. Texas natural gas production, processing, transmission, and storage sectors continues to perform. Overall, according to RBN Energy,

CONTINUE READING TXOGA Winter Weather Situation Report 3 min read

TXOGA Winter Weather Situation Report

Texas natural gas production, processing, transmission, and storage sectors continue durable performance due to industry efforts. According to S&P Global Platts, the 30-day average for Texas onshore production is expected to be strong on Tuesday, January 31, with daily production averaging 24.97 bcf/d.

CONTINUE READING TXOGA Winter Weather Situation Report 3 min read

What They’re Saying: State Leaders Respond to Release of TXOGA’s Energy & Economic Impact Report

AUSTIN – The Texas Oil & Gas Association (TXOGA) yesterday released its annual Energy & Economic Impact Report highlighting the industry’s continued and unmatched economic impact, the Lone Star State’s global energy leadership, and what is needed to continue meeting our nation and the world’s energy needs.

CONTINUE READING What They’re Saying: State Leaders Respond to Release of TXOGA’s Energy & Economic Impact Report 4 min read

Eagle Ford: Texas Oil and Natural Gas Industry Paid Record $24.7 Billion in Taxes and State Royalties in Fiscal Year 2022, Shattering Previous High by 54%

AUSTIN – According to just-released data from the Texas Oil & Gas Association (TXOGA)

CONTINUE READING Eagle Ford: Texas Oil and Natural Gas Industry Paid Record $24.7 Billion in Taxes and State Royalties in Fiscal Year 2022, Shattering Previous High by 54% 5 min read

Permian Basin: Texas Oil and Natural Gas Industry Paid Record $24.7 Billion in Taxes and State Royalties in Fiscal Year 2022, Shattering Previous High by 54%

AUSTIN – According to just-released data from the Texas Oil & Gas Association (TXOGA)

CONTINUE READING Permian Basin: Texas Oil and Natural Gas Industry Paid Record $24.7 Billion in Taxes and State Royalties in Fiscal Year 2022, Shattering Previous High by 54% 4 min read

La Industria Petrolera y de Gas Natural de Texas Aportó Cantidad Récord de $24.7 Mil Millones en Impuestos y Regalías Estatales en el Año Fiscal 2022, Sobrepasando el Récord Anterior con un 54%

AUSTIN – Según datos recién publicados por la Asociación de Petróleo y Gas Natural de Texas (TXOGA), la industria petrolera y de gas natural de Texas aportó un total de $24.7 mil millones en impuestos locales y estatales y regalías estatales – el total más alto en la historia de Texas por 54% – sobrepasando así el récord anterior de poco más de $16 mil millones establecido en el año 2019.

CONTINUE READING La Industria Petrolera y de Gas Natural de Texas Aportó Cantidad Récord de $24.7 Mil Millones en Impuestos y Regalías Estatales en el Año Fiscal 2022, Sobrepasando el Récord Anterior con un 54% 6 min read

Oil and Gas Jobs in Texas Continue Growth in December to Close Out 2022

AUSTIN – Data released by the Texas Workforce Commission indicates that upstream oil and gas employment in Texas continues to grow, with the sector adding 1,300 jobs in December. In 2022, upstream oil and gas saw significant increases in hiring with the job count growing by 36,100 jobs for the year.

CONTINUE READING Oil and Gas Jobs in Texas Continue Growth in December to Close Out 2022 1 min read