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:

“Dean brings a wealth of experience that will greatly benefit the Texas oil and gas industry as well as TXOGA member companies,” said Staples. “His nearly two decades of experience within the industry working in forecasting, analysis, and research will help enable this industry to continue to be the trusted partner that benefits every Texan.”

“Texas is the epicenter of U.S. energy production and vital to our nation’s security, economy, and future. If Texas were a country, it would be the 4th largest oil producing nation and rank 3rd in natural gas production. Just last year, TXOGA members supported approximately 443,000 direct jobs and paid $24.7 billion in state and local taxes and state royalties,” said Foreman. “I am excited to join the Association to help keep Texas a national and global energy leader.”

Foreman joins TXOGA after most recently serving as Chief Economist at the American Petroleum Institute in Washington D.C., where he provided direction and oversight for the Institute’s economic functions. He also developed strategic and operational plans to help support the oil and gas industry through analysis, evaluation, and reporting of critical market and economic information.

Foreman is a graduate of the University of Florida, Gainesville, where he earned his doctorate degree in economics. He did his undergraduate work at the University of South Carolina, Columbia, earning an Honors College BARSC degree in mathematics and economics.

Foreman will begin working in this position later this month.

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Founded in 1919, TXOGA is the oldest and largest oil and gas trade association in Texas representing every facet of the industry.

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AUSTIN - Texas’ production of oil, natural gas, and natural gas liquids (NGLs) achieved new record highs for the month of September after achieving record highs just one month earlier in August, according to the Texas Oil & Gas Association’s (TXOGA) monthly energy economic analysis prepared by TXOGA Chief Economist Dean Foreman, Ph.D. Further, as crude and NGL production has climbed, in-state refiners have processed record amounts.

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