Report: Texas oil and gas employment hits record
The number of workers on oil and gas payrolls grew 16 percent over the past year. But the industry is taking a hit on falling natural gas prices.
View ArticleTexas natural gas value plummets by $1 billion
Energy industry activity in Texas generally has declined over the past year, as the rig count fell, drilling slowed, and hiring moderated, according to a monthly Texas Petro Index report.
View ArticleTexas oil output hits highest level in two decades
For 2012, Texas producers delivered an estimated 604 million barrels of crude oil, up from 509 million barrels in 2011. Economist Karr Ingham predicts production will continue to rise through 2013.
View ArticleTexas will continue to lead US oil boom
The growth in the energy sector is expected to continue to grow like gangbusters - led by Texas, according to Karr Ingham, a petroleum economist for the Texas Alliance of Energy Producers and creator...
View ArticleOil prices boost Texas Petro Index to record high
The state’s oil and gas boom roared ahead in July, boosting an industry index to record levels.
View ArticleTexas oil and gas activity sets index record
Strong crude oil prices and improving natural gas prices helped boost the Texas Petro Index to 289.8, a record level that beat the old record, set in July, of 288.2.
View ArticleTexas oil boom could be nearing slowdown, economist says
While soaring production made 2013 a landmark year for Texas oil and gas, there are signs that a slowdown is approaching, according to economist Karr Ingham in a presentation Wednesday.
View ArticleEconomists: Energy industry growth slowing, could hit Houston economy
Experts on Houston's energy economy say the oil and gas industry is facing a slowdown that will affect job growth, mirroring the tempered outlook energy executives showed in a recent survey.
View ArticleOil towns lead nation in population growth
New census data show a population surge as the oil boom draws workers and families to oil fields around the country. Some of the nation's fastest-growing communities include two Texas towns in the...
View ArticleMore Texans working for oil and gas companies
The 302,700 workers estimated to work for services and exploration and production companies marked the first time employment in the industry has exceeded 300,000 since his Texas Petro Index began...
View ArticleEconomist: Texas could lose hundreds more rigs
A prominent oil economist says Texas could lose 50,000 upstream jobs as a result of low oil prices.
View ArticleTexas on track to beat 1972 oil production record
Even as oil companies pare their spending budgets and pull back from some drilling activity, production in Texas has unexpectedly continued surging toward all-time highs, Karr Ingham, an economist for...
View ArticleTexas shed 28,300 oil and gas jobs since December
The oil slump has claimed at least 28,300 oil and gas jobs in Texas since December as the industry continues to pare back amid the worst downturn in years.
View ArticleOil crash job losses in Texas may be steeper than previously thought
The number of oil and gas job losses may be thousands more than the Texas Alliance of Energy Producers initially projected.
View ArticleJob losses continue across Texas as services firms cut back
Oil field services companies reeling from the worst downturn in years continued hemorrhaging jobs this week as three providers announced plans to chop nearly 400 jobs in Houston and across the state...
View ArticleKarr Ingham: Oil crash “deepest and longest” in history of Texas Petro Index
An index measuring the health of the Texas oil industry tumbled again in October for the 11th straight month as producers shut down additional rigs and more of the state's oil and gas workers lost...
View ArticleEconomist says Texas oil drillers may have unlocked crude supply lasting...
Despite the massive cutbacks, Texas in 2015 likely broke the state's 43-year-old record for crude oil production.
View ArticleBanks “finally found religion” at $30 oil, lawyers see wave of bankruptcies
More than two dozen Texas bankruptcy attorneys expect a 30 percent increase in corporate restructurings and bankruptcy filings in the state this year, according to a sampling of bankruptcy attorneys by...
View ArticleTexas oil job losses expected to continue for months despite price rally
HOUSTON – Texas oil drillers have lost one in three jobs to the furious downturn in energy prices over the past two years, and mass layoffs could continue for months even though oil prices are rising....
View ArticleTexas drillers may start hiring soon, as long as prices hold up
HOUSTON – Rising crude prices could spur hiring across the Texas oil patch by August, a regional economist says, beginning a slow but steady reversal in the state’s energy employment after struggling...
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