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.
Author: Stephen Chang
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Residential and Business Consumers Unite! Texans Demand Firm Caps on Performance Credit Mechanism Tax to Protect Electricity Ratepayers
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.
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TXOGA Statement on HB 5 Senate Hearing
“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.
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TXOGA Statement on Electricity Market Assessment that Shows PCM Would Cost Consumers Billions with No Guarantee of New Capacity
“Reliability in our electric grid is essential to meet Texans’ basic needs, but so is controlling extreme costs.
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Final Electricity Market Assessment Finds Performance Credit Mechanism Would Cost Consumers Billions Annually with No Guarantee of Any New Capacity
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.
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TXOGA Statement on House Passage of HB 5
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
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TXOGA Announces Hiring of New Chief Economist
AUSTIN – The Texas Oil & Gas Association (TXOGA) today announced the hiring of Dr. Dean Foreman as Chief Economist. Todd Staples, President of TXOGA, issued the following statement
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April: TXOGA Month in Review
Check out our Month in Review for April below to see how TXOGA was busy advocating for the Texas oil and natural gas industry
TXOGA Joins Industry Groups In Creation of Texas CARES
AUSTIN – Earlier this month, the Texas Oil & Gas Association (TXOGA), along with industry groups such as the Texas Association of Manufacturers (TAM), Texas Chemical Council (TCC) and Texas Industrial Energy Consumers (TIEC) formed a new coalition called Texas Consumers for Affordable and Reliable Electricity Solutions (Texas CARES).
Upstream Oil and Natural Gas Employment in Texas Sees Growth in March
AUSTIN – Data released by the Bureau of Labor Statistics and Texas Workforce Commission indicates that upstream oil and natural gas employment in Texas saw growth in March, with the sector adding an additional 1,500 jobs.
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TXOGA Statement in Support of CSSB 2012
AUSTIN – Todd Staples, President of the Texas Oil & Gas Association (TXOGA) today issued the following statement in support of CSSB 2012, related to the electricty market and performance penalties, which will be heard today in the House State Affairs Committee
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March: TXOGA Month in Review
Check out our Month in Review for March below to see how TXOGA was busy advocating for the Texas oil and natural gas industry
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Legislature Eyes Carbon Capture, Storage Proposals to Drive Investment in Growing Industry
The following article was written by Brad Johnson and was originally published by the The Texan on March 22, 2023:
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.
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.
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February: TXOGA Month in Review
Check out our Month in Review for February below to see how TXOGA was busy advocating for the Texas oil and natural gas industry: RECOMMENDED READING Several bills filed to support Texas oil and natural gas industry Texas, U.S. oil and gas industry cries foul over Biden’s claims
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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
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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.
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TXOGA Statement in Support of Legislation Protecting Energy Choice
AUSTIN – Todd Staples, President of the Texas Oil & Gas Association (TXOGA) today issued the following statement in support of SB 1017 filed by Senator Brian Birdwell and HB 2374 filed by Representative Brooks Landgraf:
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Op-Ed: Oil and Natural Gas Key to Texas’ Prosperity
The following op-ed was written by Todd Staples, president of the Texas Oil & Gas Association, and was originally published by the Rio Grande Guardian on February 1, 2023
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,