Data from U.S. Bureau of Labor Statistics and Texas Independent Producers and Royalty Owners Association show a decline in upstream employment in the industry in Texas in December. TIPRO said upstream employment in the state in December was 195,500 – a decrease of 700 positions from November (500 in oil and gas extraction, 200 in services). The decline followed six straight months of growth in Texas upstream employment.
Ed Longanecker, president of TIPRO, said Jan. 24, “Our industry looks forward to returning to some level of normalcy from a federal policy perspective under the new administration, including supporting the expedited expansion of energy infrastructure. Demand for reliable and affordable energy will increase exponentially in the coming years, and Texas producers will rise to meet that challenge in a new era of American energy dominance.”