Membership Portal

News Releases & Statements

<< First  < Prev   1   2   3   4   Next >  Last >> 
  • 19 Jan 2024 9:30 AM | Anonymous member (Administrator)

    Austin, Texas - Citing the latest Current Employment Statistics (CES) report from the U.S. Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) today highlighted new employment figures showing an increase in upstream employment for the month of December 2023. According to TIPRO’s analysis, direct Texas upstream employment for December totaled 211,700, an increase of 3,100 jobs from revised November employment numbers. Texas upstream employment in December 2023 represented the addition of 15,300 positions compared to December 2022, including an increase of 2,000 jobs in oil and natural gas extraction and 13,300 jobs in the services sector.

    TIPRO’s new employment data yet again indicated strong job postings for the Texas oil and natural gas industry during the month of December. According to the association, there were 10,928 active unique jobs postings for the Texas oil and natural gas industry in December, including 3,622 new job postings added during the month by companies. In comparison, the state of California had 2,970 unique job postings last month, followed by Louisiana (1,680), Oklahoma (1,406), and Pennsylvania (1,349). TIPRO reported a total of 49,895 unique job postings nationwide last month within the oil and natural gas sector. 

    Among the 17 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Gasoline Stations with Convenience Stores led in the ranking for unique job listings in December with 2,962 postings, followed by Support Activities for Oil and Gas Operations (2,532), and Crude Petroleum Extraction (1,010). The leading three cities by total unique oil and natural gas job postings were Houston (2,881), Midland (815) and Odessa (488), said TIPRO. 

    The top three companies ranked by unique job postings in December were Cefco (1,148), Love’s (780), and Zachry Brands (581), according to TIPRO. Of the top ten companies listed by unique job postings last month, six companies were in the services sector, followed by two in the gasoline stations with convenience stores category, one midstream company, and one in oil and natural gas extraction. Top posted industry occupations for December included first-line supervisors of retail sales workers (771), maintenance and repair workers (542) and heavy tractor-trailer truck drivers (333). The top posted job titles for December included store managers (260), customer service representatives (197), and maintenance people (142).

    Top qualifications for unique job postings included valid driver’s license (1,333), commercial driver's license (CDL) (189), and National Center for Construction Education & Research Certification (156). TIPRO reports that 41 percent of unique job postings had no education requirement listed, 33 percent required a bachelor’s degree, and 28 percent required a high school diploma or GED. There were 1,391 advertised salary observations (13 percent of the 10,928 matching postings) with a median salary of $58,200. The highest percentage of advertised salaries (26 percent) were in the $90,000 to $500,000 range. TIPRO also notes that the average annual wage of $122,000 in 2023 for all Texas oil and natural gas industry sectors has increased by 17 percent since 2013.  

    Additional TIPRO workforce trends data:

    • A sample of 500 industry job postings in Texas for December 2023 can be viewed here.  
    • The top three posting sources in December included www.indeed.com (4,770), www.simplyhired.com (2,567) and www.dayforcehcm.com (1,271).
    • Average annual wages for the Texas oil and natural gas industry can be viewed here.
    • Leading industry positions in Texas with median hourly earnings, education, work experience and typical on-the-job training is available here.

    TIPRO also highlights recent data released from the Texas comptroller’s office showing tax contributions provided by the Texas oil and natural gas industry in December. Texas energy producers last month paid $501 million in oil production taxes and contributed $171 million in natural gas production taxes. Oil and natural gas severance taxes remain an important source of revenue for state and local governments and continue to be used help to support and pay for road and infrastructure investments, water conservation projects, schools and education, first responders and other essential public services across the Lone Star State. 

    Oil output from the Permian Basin - the nation's top shale-producing region - is forecasted to expand slightly in February 2024 compared to January, with producers pumping a new record 5.974 million barrels per day (bpd), according to new production estimates published by the U.S. Energy Information Administration (EIA). Natural gas production in the Permian is also projected to increase in February compared to January for a total 24.393 billion cubic feet per day (bcf/d).

    Oil and gas output from the other six leading basins around the country, with the exception of the Hayneville that remains flat, meanwhile, is expected to slow in February, noted the EIA, with total U.S. oil production forecasted to dip slightly to 9.680 million bpd from an estimated 9.682 million bpd in January. Total natural gas production in the nation's biggest shale basins is also projected to decline by 0.187 bcf/d to 98.889 bcf/d, EIA projections show. EIA’s Drilling Productivity Report does not incorporate any weather events into its estimates.

    Thanks to the leadership of Texas producers, EIA projects that U.S. crude oil production will reach 13.2 million barrels bdp in 2024 and more than 13.4 million bpd in 2025, both new records, while global petroleum consumption will increase by 1.4 million bpd in 2024 and 1.2 million bpd in 2025. Natural gas supply, including production and imports, will increase by more than 1.5 bcf/d in 2024, while demand, including domestic consumption and exports, increases by almost 2 bcf/d, driven by growth in exports.

    TIPRO notes that U.S. energy infrastructure plays a critical role in meeting growing energy demand, providing the safest, most reliable means to transport oil and natural gas, while also lowering emissions by helping take trucks off the road. According to a recent Texan’s for Natural Gas report, the Permian reached its lowest methane intensity yet, and did so during a record production year. The industry has been successful in reducing methane emission intensity by nearly 85 percent between 2011 and 2022.

    In 2022 and 2023, the Texas Railroad Commission issued 178 new intrastate pipeline permits to pipeline operators, signaling the importance of adding additional energy infrastructure. This year, numerous pipelines with an estimated 51 mtpa in total capacity are expected to be approved within the Gulf Coast region – helping deliver cost-effective, reliable energy resources at home and abroad. In its 2023-2024 Winter Reliability Assessment, the North American Reliability Corporation (NERC) also flagged the need for additional pipeline capacity across several areas in the U.S. in order to avoid a lack of fuel supplies for natural gas-fired generation, specifically in the Midwest, Mid-Atlantic and Northeast regions.

    Liquified natural gas (LNG) is a vital fuel source for the U.S. and its allies. The continued buildout and expansion of terminals in the U.S. reflects how important this energy source is for our economy and national security. Citing climate goals, environmentalists are eager to halt any new LNG project, while failing to acknowledge the emission reductions that natural gas has delivered as new production records are met. In response, the Biden Administration is considering expanding climate change assessments for LNG exports, which would negatively impact the Texas economy and energy security for U.S. allies abroad.

    “Texas continues to lead in the production of oil and natural gas by a wide margin to meet growing global demand for our product,” said Ed Longanecker, President of TIPRO. “Additional energy infrastructure is needed in Texas and across the U.S., as are policies and regulations that support domestic production and the build out of this critical transportation system. As producers work to provide reliable energy for our country and trade partners, new pipeline projects are coming online to ensure production from basins like the Permian Basin and Eagle Ford can make it to export terminals, municipalities, and storage,” added Longanecker.

    ###

  • 17 Nov 2023 9:30 AM | Anonymous member (Administrator)

    Austin, Texas - Citing the latest Current Employment Statistics (CES) report from the U.S. Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) today highlighted new employment figures showing an increase in upstream employment for the month of October. According to TIPRO’s analysis, direct Texas upstream employment for October 2023 totaled 212,900, an increase of 2,200 jobs from September employment numbers. Texas upstream employment in October 2023 represented the addition of 19,200 positions compared to October 2022, including an increase of 2,500 jobs in oil and natural gas extraction and 16,700 jobs in the services sector.

    TIPRO’s new employment data yet again indicated strong job postings for the Texas oil and natural gas industry during the month of October. According to the association, there were 10,843 active unique jobs postings for the Texas oil and natural gas industry in October, including 3,965 new job postings added during the month by companies. In comparison, the state of California had 3,066 unique job postings last month, followed by Oklahoma (1,512), Louisiana (1,409) and Pennsylvania (1,041). TIPRO reported a total of 47,517 unique job postings nationwide last month within the oil and natural gas sector. 

    Among the 17 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Gasoline Stations with Convenience Stores led in the ranking for unique job listings in October with 2,824 postings, followed by Support Activities for Oil and Gas Operations (2,008) and Crude Petroleum Extraction (1,178). The leading three cities by total unique oil and natural gas job postings were Houston (3,208), Midland (818) and Odessa (446), said TIPRO. 

    The top three companies ranked by unique job postings in October were Cefco (1,151), Love’s (954) and Baker Hughes (332), according to TIPRO. Of the top ten companies listed by unique job postings last month, five companies were in the services sector, followed by two in the gasoline stations category with convenience stores, two midstream companies, and one in oil and natural gas extraction. Top posted industry occupations for October included first-line supervisors of retail sales workers (686), maintenance and repair workers (512) and heavy tractor-trailer truck drivers (252). The top posted job titles for October included store managers (230), assistant store managers (203) and customer service representatives (188).

    Top qualifications for unique job postings included valid driver’s license (1,758), commercial driver's license (CDL) (204), and Master of Business Administration (MBA) (147). TIPRO reports that 40 percent of unique job postings had no education requirement listed, 36 percent required a bachelor’s degree, and 25 percent required a high school diploma or GED. There are 1,156 advertised salary observations (11 percent of the 10,843 matching postings) with a median salary of $55,200. The highest percentage of advertised salaries (26 percent) were in the $85,000 to $500,000 range. TIPRO also notes that the current average annual wage of $122,000 for all Texas oil and natural gas industry sectors has increased by 17 percent since 2013.  

    Additional TIPRO workforce trends data:

    • A sample of 500 industry job postings in Texas for October 2023 can be viewed here.
    • The top three posting sources in October included www.indeed.com (4,400), www.simplyhired.com (1,939) and www.dejobs.org (1,751).
    • Average annual wages for the Texas oil and natural gas industry can be viewed here.
    • Leading industry positions in Texas with median hourly earnings, education, work experience and typical on-the-job training is available here.
    TIPRO also highlights recent data released from the Texas comptroller’s office showing tax contributions provided by the Texas oil and natural gas industry in October. Texas energy producers last month paid $586 million in oil production taxes, up from the prior month and 8 percent higher than October 2022. Producers also in the month of October contributed $192 million in natural gas production taxes. Oil and natural gas severance taxes remain an important source of revenue for state and local governments and continue to be used help to support and pay for road and infrastructure investments, water conservation projects, schools and education, first responders and other essential public services across the Lone Star State. 

    Oil output from the Permian Basin - the nation's top shale-producing region - is forecasted to expand leading up to the end of the year, with producers pumping a record 5.98 million barrels per day (bpd) in the Permian in December, according to new production estimates published by the U.S. Energy Information Administration (EIA). In recent months, the EIA had projected declines in oil output in the Permian, but now experts at the agency have revised their forecasting, indicating production volumes in the region will in fact rise. Natural gas production in the Permian is also expected to grow in December, totaling 24.86 billion cubic feet per day (bcf/d), higher than the anticipated 24.75 bcf/d produced in the basin during November. Oil and gas drilling in other leading basins around the country, meanwhile, is expected to slow before the end of 2023, noted the EIA, with U.S. oil production forecasted to dip to 9.653 million bpd in December from an estimated 9.654 million bpd in November. Total natural gas production in the nation's biggest shale basins also is projected to decline next month by 0.3 bcf/d to 99.6 bcf/d, EIA projections show.

    “We are pleased to see continued growth in employment, production and direct economic contributions from the Texas oil and natural gas industry,” said Ed Longanecker, president of TIPRO. “Market volatility will continue due to competing factors, including inflationary pressures and geopolitical tensions, but we expect global supply to remain tight and demand growth to continue, supported in large part by the state of Texas,” added Longanecker.

    TIPRO also commented that investors are currently more focused on a slower demand outlook than the impact geopolitical conflicts will have on supply. EIA’s recent Short Term Energy Outlook for November notes that despite expected increases in oil production in 2023 and 2024 and geopolitical issues in the Middle East and Iran, ongoing cuts from OPEC+ will keep global production growth lower than consumption, contributing to upward oil price pressure in early 2024.

    Overall, despite geopolitical issues in the Middle East, Iran and Russia, EIA expects global oil production to remain largely the same. If there is an escalation in conflict in the Middle East because of the recent attacks on Israel, production may drop. However, TIPRO expects crude oil supply in the region to remain unchanged in the short-term.

    TIPRO added that Russian and Iranian supply will largely remain flat in 2024, with Russia expected to maintain its mid-2023 production despite facing new U.S. sanctions over price cap violations. Iran may see a small increase in crude production as it continues to export to China. However, with insufficient upstream investment, sanctions on their crude oil and limited oil consumption growth in China, production in Iran will also remain limited. 

    TIPRO expects the price of WTI to remain in its forecasted range of $75-$80 for the remainder of 2023 with no meaningful reduction in oil exports. However, the association emphasized continued uncertainty in the market due to stubborn inflation, poorly conceived U.S. energy policy and federal fiscal policy having its desired economic dampening effect on consumer spending, which will continue to play out in early 2024.

    TIPRO also noted that LNG demand in Asia and Europe is rising, but supply, especially from the U.S., is being viewed as more than adequate by investors, coupled with European gas storage reaching capacity, thus avoiding a typical bump in price this time of year. U.S. natural gas futures saw an increase due to higher, weather-related demand, which could be short-lived with above-normal temperatures expected across most of the U.S. Regardless, TIPRO remains bullish on natural gas demand in the U.S. and rising LNG exports in the long-term, with EIA noting natural gas future prices remain high enough to encourage robust LNG exports to both Europe and East Asia.

    “We would like to express our sincere gratitude to the hundreds of thousands of hardworking men and women in the Texas oil and natural gas industry for providing the critical energy needed to meet growing demand here and abroad and the outsized contributions from an economic and national security perspective,” concluded Longanecker. 

    ###

  • 20 Oct 2023 9:30 AM | Anonymous member (Administrator)

    Austin, Texas - Citing the latest Current Employment Statistics (CES) report from the U.S. Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) today highlighted new employment figures showing an increase in upstream employment for the month of September. According to TIPRO’s analysis, direct Texas upstream employment for September 2023 totaled 210,700, an increase of 1,700 jobs from revised August employment numbers. Texas upstream employment in September 2023 represented the addition of 18,700 positions compared to September 2022, including an increase of 2,600 jobs in oil and natural gas extraction and 16,100 jobs in the services sector.

    TIPRO’s new employment data yet again indicated strong job postings for the Texas oil and natural gas industry during the month of September. According to the association, there were 11,990 active unique jobs postings for the Texas oil and natural gas industry in September, including 4,564 new job postings added during the month by companies. In comparison, the state of California had 3,376 unique job postings last month, followed by Louisiana (1,652), Oklahoma (1,649) and Pennsylvania (1,218). TIPRO reported a total of 52,767 unique job postings nationwide last month within the oil and natural gas sector. 

    Among the 17 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Gasoline Stations with Convenience Stores led in the ranking for unique job listings in September with 2,898 postings, followed by Support Activities for Oil and Gas Operations (2,343) and Crude Petroleum Extraction (1,365). The leading three cities by total unique oil and natural gas job postings were Houston (3,555), Midland (950) and Odessa (501), said TIPRO. 

    The top three companies ranked by unique job postings in September were Cefco (1,412), Love’s (782), and John Wood Group (433), according to TIPRO. Of the top ten companies listed by unique job postings last month, six companies were in the services sector, followed by two in the gasoline stations category with convenience stores, one midstream company, and one in oil and natural gas extraction. Top posted industry occupations for September included first-line supervisors of retail sales workers (858), maintenance and repair workers (608) and heavy tractor-trailer truck drivers (314). The top posted job titles for September included store managers (301), customer service representatives (247), and maintenance people (194).

    Top qualifications for unique job postings included valid driver’s license (2,003), commercial driver's license (CDL) (237) and transportation worker identification credential (TWIC) card (209). TIPRO reports that 39 percent of unique job postings had no education requirement listed, 35 percent required a bachelor’s degree, and 26 percent required a high school diploma or GED. There are 1,340 advertised salary observations (11 percent of the 11,990 matching postings) with a median salary of $52,100. The highest percentage of advertised salaries (30 percent) were in the $75,000 to $324,000 range.

    Additional TIPRO workforce trends data:

    • A sample of 500 industry job postings in Texas for September 2023 can be viewed here.
    • The top three posting sources in September included www.indeed.com (4,978), www.simplyhired.com (1,929) and www.dejobs.org (1,575).
    • Average annual wages for the Texas oil and natural gas industry can be viewed here.
    • Leading industry positions in Texas with median hourly earnings, education, work experience and typical on-the-job training is available here.

    TIPRO also highlights recent data released from the Texas comptroller’s office showing tax contributions provided by the Texas oil and natural gas industry for the month of September. Texas energy producers last month paid $544 million in oil production taxes, up from the prior month, and also contributed $208 million in natural gas production taxes, also higher than totals collected in August. Oil and natural gas severance taxes remain an important source of revenue for state and local governments and continue to be used help to support and pay for road and infrastructure investments, water conservation projects, schools and education, first responders and other essential public services across the Lone Star State. 

    “Texas and the Permian continue to break production records while meeting rising energy demand for Americans and our allies abroad," said TIPRO President Ed Longanecker. "We are proud to see that high production numbers from our state are also contributing to a growth in employment in the oil and natural gas industry. With geopolitical conflicts escalating overseas and related market volatility, our industry continues to play an outsized role in supplying energy amid growing demand, underscoring the critical importance of U.S. oil and gas production at home and abroad."

    "Texas continues to lead the nation in energy production," Longanecker continued. "Year-to-date through July 2023, Texas oil production accounted for over 43 percent of all oil production in the U.S. Similarly, natural gas production grew 5 percent nationwide, with a majority of the growth coming from the Permian Basin, where forecasts say natural gas production will increase by 11 percent (2.2 billion cubic feet per day) by the end of 2023, with more growth expected in 2024. Meanwhile, liquified natural gas (LNG) exports from Texas and Louisiana to our allies abroad have increased by 116 percent.

    "No other industry in the world is as consequential from an economic, energy and national security perspective," Longanecker emphasized. "Operators across the United States and Texas need supportive policies at all levels of government to continue meeting energy demand and maintaining strong employment numbers, not policies that reward regimes like Venezuela, providing them with revenues to stay in power while putting pressure on responsible American producers. Supportive policy decisions must include the use of American oil and natural gas, addressing an outdated permitting process and avoiding policies that put our country at risk of an increased dependence on foreign energy sources. We need collaboration, not politics, to develop a cohesive and sensible strategy that recognizes the critical importance of the U.S. oil and gas industry and the necessary investment in energy infrastructure." 

    ###

  • 15 Sep 2023 10:30 AM | Anonymous member (Administrator)

    Austin, Texas - Citing the latest Current Employment Statistics (CES) report from the U.S. Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) today highlighted new employment figures showing an increase in upstream employment for the month of August. According to TIPRO’s analysis, direct Texas upstream employment for August 2023 totaled 208,500, an increase of 1,200 jobs from July employment numbers. Texas upstream employment in August 2023 represented the addition of 18,200 positions compared to August 2022, including an increase of 2,300 jobs in oil and natural gas extraction and 15,900 jobs in the services sector.

    TIPRO’s new employment data yet again indicated strong job postings for the Texas oil and natural gas industry during the month of August. According to the association, there were 11,951 active unique jobs postings for the Texas oil and natural gas industry in August, including 4,409 new job postings added during the month by companies. In comparison, the state of California had 3,641 unique job postings last month, followed by Louisiana (1,790), Oklahoma (1,609) and Pennsylvania (1,364). TIPRO reported a total of 53,810 unique job postings nationwide last month within the oil and natural gas sector. 

    Among the 17 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the rankings for unique job listings in August with 2,700 postings, followed by Gasoline Stations with Convenience Stores (2,135) and Crude Petroleum Extraction (1,333). The leading three cities by total unique oil and natural gas job postings were Houston (3,935), Midland (1,012) and Odessa (556), said TIPRO. 

    The top three companies ranked by unique job postings in August were Cefco (933), John Wood Group (543) and Love’s (406), according to TIPRO. Of the top ten companies listed by unique job postings last month, four companies were in the services sector, followed by two midstream companies, two in the gasoline stations category with convenience stores, one in oil and natural gas extraction and one in petroleum refineries. Top posted industry occupations for August included first-line supervisors of retail sales workers (612), maintenance and repair workers (544) and heavy tractor-trailer truck drivers (343). The top posted job titles for August included customer service representatives (193), store managers (192) and field service technicians (120).

    Top qualifications for unique job postings included valid driver’s license (2,125), commercial driver's license (CDL) (236) and transportation worker identification credential (TWIC) card (185). TIPRO reports that 39 percent of unique job postings required a bachelor’s degree, 33 percent had no education requirement listed and 30 percent required a high school diploma or GED. There are 1,424 advertised salary observations (12 percent of the 11,951 matching postings) with a median salary of $52,600. The highest percentage of advertised salaries (26 percent) were in the $85,000 to $324,000 range.

    Additional TIPRO workforce trends data:

    • A sample of 500 industry job postings in Texas for August 2023 can be viewed here.
    • The top three posting sources in August included www.indeed.com (5,060), www.simplyhired.com (2,513) and www.dejobs.org (1,570).
    • Average annual wages for the Texas oil and natural gas industry can be viewed here.
    • Leading industry positions in Texas with median hourly earnings, education, work experience and typical on-the-job training is available here.
    TIPRO also highlights recent data released from the Texas comptroller’s office showing tax contributions by the Texas oil and natural gas industry for the month of August. Texas energy producers last month paid $501 million in oil production taxes, up from the prior month, and also contributed $137 million in natural gas production taxes, also higher than totals collected in July. Overall, tax receipts from the sector are down from earlier this year, due to a slowdown in drilling activity in some of the state’s top oil and natural gas basins. Still, oil and natural gas severance taxes remain an important source of revenue for state and local governments and continue to be used help to support and pay for road and infrastructure investments, water conservation projects, schools and education, first responders and other essential public services across the Lone Star State. 

    “Despite economic headwinds from high inflation, aggressive monetary policy and continued efforts from Washington D.C. to target domestic oil and gas production, the upstream sector in Texas thankfully remains strong,” said Ed Longanecker, president of TIPRO. “Policies designed to slow exploration and production activity do nothing to impact growing demand, but can directly affect investment and supply, further exacerbating the economic strain being felt by all Americans. We need collaboration, not politics, to develop a cohesive and sensible strategy that recognizes the critical importance of oil and gas and much needed investment in energy infrastructure,” concluded Longanecker.  

    ###

  • 18 Aug 2023 10:30 AM | Anonymous member (Administrator)

    Austin, Texas - Citing the latest Current Employment Statistics (CES) report from the U.S. Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) today highlighted new employment figures showing a decline in Texas upstream employment following four months of consecutive growth. According to TIPRO’s analysis, direct Texas upstream employment for July 2023 totaled 206,600, a decrease of 2,100 jobs from adjusted June employment numbers. Texas upstream employment in July 2023 represented the addition of 18,600 positions compared to July 2022, including an increase of 2,800 jobs in oil and natural gas extraction and 15,800 jobs in the services sector.

    “Given historical hiring trends and adjustments made in CES data in subsequent months, it is not uncommon to see fluctuations in employment numbers throughout the year,” said Ed Longanecker, president of TIPRO. “Absent any major economic factors affecting supply and demand, these variations are often anonymous, especially considering the number of open positions currently available in the Texas oil and natural gas industry. We expect continued growth in Texas upstream employment in the second half of the year,” added Longanecker.

    TIPRO’s new employment data yet again indicated strong job postings for the Texas oil and natural gas industry during the month of July. According to the association, there were 13,557 active unique jobs postings for the Texas oil and natural gas industry in July, including 5,095 new job postings added during the month by companies. In comparison, the state of California had 4,365 unique job postings last month, followed by Louisiana (2,224), Oklahoma (1,905) and Pennsylvania (1,687). TIPRO reported a total of 62,318 unique job postings nationwide last month within the oil and natural gas sector. 

    Among the 17 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the rankings for unique job listings in July with 3,217 postings, followed by Gasoline Stations with Convenience Stores (2,065) and Crude Petroleum Extraction (1,543). The leading three cities by total unique oil and natural gas job postings were Houston (4,737), Midland (1,132) and Odessa (622), said TIPRO. 

    The leading three companies ranked by unique job postings in July were Cefco (752), John Wood Group (738) and Halliburton (447), according to TIPRO. Of the top ten companies listed by unique job postings last month, four companies were in the services sector, followed by two midstream companies, two in the gasoline stations category with convenience stores, and two in oil and natural gas extraction. Top posted industry occupations for July included maintenance and repair workers (563), first-line supervisors of retail sales workers (534) and heavy tractor-trailer truck drivers (434). The top posted job titles for July included store managers (180), customer service representatives (129) and field service technicians (124).

    Top qualifications for unique job postings included valid driver’s license (2,324), commercial driver's license (CDL) (347), and CDL class a license (218). TIPRO reports that 40 percent of unique job postings required a bachelor’s degree, 31 percent required a high school diploma or GED, and 30 percent had no education requirement listed. There are 1,410 advertised salary observations (10 percent of the 13,557 matching postings) with a median salary of $50,000. The highest percentage of advertised salaries (27 percent) were in the $75,000 to $250,000 range.

    Additional TIPRO workforce trends data:

    • A sample of 500 industry job postings in Texas for July 2023 can be viewed here.
    • The top three posting sources in June included indeed.com (5,326), simplyhired.com (3,144) and dejobs.org (1,941).
    • Average annual wages for the Texas oil and natural gas industry can be viewed here.
    • Leading industry positions in Texas with median hourly earnings, education, work experience and typical on-the-job training is available here.

    TIPRO also highlights recent data released from the Texas comptroller’s office showing tax contributions by the Texas oil and natural gas industry for the month of July. Texas energy producers last month paid $437 million in oil production taxes and also contributed $65 million in natural gas production taxes. Tax receipts from the sector are down from earlier this year, due to a slowdown in drilling activity in some of the state’s oil and natural gas basins. Still, oil and natural gas severance taxes remain an important source of revenue for state and local governments and continue to be used help to support and pay for road and infrastructure investments, water conservation projects, schools and education, first responders and other essential public services across the Lone Star State.  

    Furthermore, TIPRO reports that oil and natural gas output from Texas and the United States will remain strong in the coming months, though is forecasted to decline in September. New data from the U.S. Energy Information Administration (EIA) projects U.S. crude oil production will total 9.41 million barrels per day (b/d) next month, a drop of 20,000 b/d from revised August output amounting to 9.435 million b/d. In the Permian Basin, the most nation's most prolific shale oil basin, regional oil output is expected to fall by around 13,000 b/d to 5.8 million b/d in September, estimates EIA experts, after reaching 5.812 million b/d in August. Oil production in the Eagle Ford region in South Texas meanwhile will fall next month by 11,000 b/d to 1.11 million b/d. Domestic natural gas production in the United States also is expected to decrease in September by around 147 million cubic feet per day to 98.262 billion cubic feet per day (bcf/d), according to the latest EIA estimates. Despite the overall decline in natural gas production in the United States, the Permian Basin is still slated to see natural gas output increase to 23.667 bcf/d, with the highest growth in production of natural gas anywhere in the country. Natural gas production in the Eagle Ford and Haynesville formations, however, will go down in September.

    “Oil and natural gas are the most consequential products on the planet that fuel modern societies, drive economic growth and fortify our nation’s energy security” emphasized Longanecker. “We are incredibly proud to support the hardworking men and women in the Texas oil and natural gas industry that power our homes, transportation and afford us the conveniences, products, and protections that we all value and utilize in our daily lives. With energy demand projected to reach new records in the years ahead, our industry will continue to play a dominant role in supporting our country, allies, trade partners and developing nations around the world, with Texas leading the way,” concluded Longanecker. 

    ###

  • 14 Aug 2023 8:47 AM | Anonymous member (Administrator)

    During Annual Association Event, Gilmer Recognized For His Outstanding Service to the Texas Oil & Gas Industry

    August 11, 2023

    Austin, Texas - During the Texas Independent Producers and Royalty Owners Association’s (TIPRO) 2023 Summer Conference in San Antonio this week, TIPRO recognized Allen Gilmer as the 2023 Mr. TIPRO award honoree for his outstanding service to the Texas oil and natural gas industry, loyalty to the association and inspiring innovation and leadership. 

    Gilmer has been a member of TIPRO for 20 years and is a former chairman of the association, leading TIPRO's Board of Directors from 2016-2018. His longtime involvement and loyalty to TIPRO has been important to guiding the association’s work, education campaigns and advocacy promoting Texas independents and royalty owners. 

    Gilmer is well known as an expert on the Texas oil patch. After starting off his career working as a geophysicist for Marathon Oil Co., Gilmer co-founded several companies in the oil and gas sector. His entrepreneurial spirit, inspiring mind and passion for data led him to later start-up DrillingInfo (now called Enverus), a leading provider of cloud-based data and analytics software and intelligence for the oil and gas industry. In addition to his role co-founding the company, he also served more than 20 years as the chief executive officer and chairman of the business.

    Gilmer has received numerous accolades and been widely recognized for his industry leadership and vision -- he was selected as Large Company CEO of the Year for Central Texas in 2014, Top 7 North American Prospect Expo Influencers in 2014, Texas' Outstanding Geoscientist in 2012 by Texas Monthly magazine and Ernst & Young Entrepreneur of the Year in Central Texas in 2012. In 2020, he was honored by Hart Energy as an oil and gas innovator and in 2022, the University of Texas at El Paso also recognized this leader as distinguished alumni.

    Outside of those accomplishments, Gilmer also holds several patents in the field of multi-component seismology and is a film and TV producer. 

    "Allen Gilmer is a true innovator and industry leader,” said Ed Longanecker, president of TIPRO. "Throughout the years, he has shown his leadership for Texas energy and our association is proud to honor him as this year's Mr. TIPRO. We celebrate and commend him for his many years of service that have helped Texas oil and gas producers and royalty owners.”

    About the Mr. TIPRO Award:

    The Mr. TIPRO award honors members of the association who have proven to be loyal and involved members over the years. Recipients of the Mr. TIPRO award are selected for demonstrating distinctive service and dedication to the association and its mission and recognized for significant achievements in their careers benefiting the Texas oil and natural gas industry.

    ###


  • 21 Jul 2023 10:00 AM | Anonymous member (Administrator)

    Austin, Texas - Citing the latest Current Employment Statistics (CES) report from the U.S. Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) today highlighted new employment figures showing an increase in Texas upstream employment last month. According to TIPRO’s analysis, direct Texas upstream employment for June 2023 totaled 208,000, an increase of 2,500 jobs from adjusted May employment numbers. Texas upstream employment in June 2023 represented the addition of 24,800 positions compared to June 2022, including an increase of 3,900 jobs in oil and natural gas extraction and 20,900 jobs in the services sector.

    TIPRO’s new employment data yet again indicated strong job postings for the Texas oil and natural gas industry during the month of June. According to the association, there were 13,696 active unique jobs postings for the Texas oil and natural gas industry in June, including 4,692 new job postings added during the month by companies. In comparison, the state of California had 4,655 unique job postings last month, followed by Louisiana (2,328), Oklahoma (1,982) and Pennsylvania (1,666). TIPRO reported a total of 62,700 unique job postings nationwide last month within the oil and natural gas sector. 

    Among the updated 17 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the rankings for unique job listings in June with 3,299 postings, followed by Gasoline Stations with Convenience Stores (1,658) and Crude Petroleum Extraction (1,633). The leading three cities by total unique oil and natural gas job postings were Houston (5,065), Midland (1,234) and Odessa (666), said TIPRO. 

    The leading three companies ranked by unique job postings in June were John Wood Group (751), Love’s (549) and KBR (492), according to TIPRO. Of the top ten companies listed by unique job postings last month, four companies were in the services sector, followed by two midstream companies, two in the gasoline stations category with convenience stores, and two in oil and natural gas extraction. Top posted industry occupations for June included maintenance and repair workers (432), heavy tractor-trailer truck drivers (431) and managers (342). The top posted job titles for June included field service technicians (106), lease operators (94) and process engineers (70).

    Top qualifications for unique job postings included valid driver’s license (2,416), commercial driver's license (CDL) (372), and Master of Business Administration (MBA) (245). TIPRO reports that 43 percent of unique job postings required a bachelor’s degree, 30 percent required a high school diploma or GED, and 28 percent had no education requirement listed. There are 1,370 advertised salary observations (10 percent of the 13,696 matching postings) with a median salary of $50,600.

    Additional TIPRO workforce trends data:

    • A sample of 500 industry job postings in Texas for June 2023 can be viewed here.
    • The top three posting sources in June included indeed.com (5,345), simplyhired.com (3,238) and dejobs.org (2,286).
    • Average annual wages for the Texas oil and natural gas industry can be viewed here.
    • Leading industry positions in Texas with median hourly earnings, education, work experience and typical on-the-job training is available here.

    TIPRO also highlights recent data released from the Texas comptroller’s office showing large tax contributions this summer by the Texas oil and natural gas industry. In June, Texas energy producers paid $456 million in oil production taxes and also contributed $184 million in natural gas production taxes. Oil and natural gas severance taxes are an extremely important source of revenue for state and local governments and are used help to support and pay for road and infrastructure investments, water conservation projects, schools and education, first responders and other essential public services across the Lone Star State. 

    Furthermore, TIPRO reports that oil and natural gas output from Texas and the United States will continue to remain strong in the coming months, though is forecasted to fall in August for the first time this year. New data from the U.S. Energy Information Administration (EIA) projects that after peaking in July, U.S. crude oil production in the Lower 48 will total 9.397 million barrels per day (b/d) next month, a decline of 18,000 b/d from July. After a long-running streak of production gains in the Permian Basin, the most nation's most prolific shale oil basin, regional oil output is expected to drop by around 11,000 b/d to 5.764 million b/d in August, forecasts EIA experts, after reaching 5.775 million b/d in July. Domestic natural gas production in the United States also will slow in August and is expected to decrease by around 100 million cubic feet per day to 97.972 billion cubic feet per day (bcf/d) in August, according to the latest EIA estimates. Despite the overall reduction in natural gas production in the United States, the Permian Basin is still slated to see natural gas output increase to 23.389 bcf/d, with the highest growth in production of natural gas anywhere in the country.

    “Oil and gas employment in Texas is strong and our state remains the undisputed leader for oil and gas production by a significant margin, generating economic prosperity and fortifying our energy security,” said Ed Longanecker, president of TIPRO. “TIPRO and our members will continue to advocate for sound, science-based energy policies at all levels of government to support continued expansion of domestic production and energy infrastructure.”

    ###

  • 16 Jun 2023 9:30 AM | Anonymous member (Administrator)

    Austin, Texas - Citing the latest Current Employment Statistics (CES) report from the U.S. Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) today highlighted new employment figures showing a significant gain in Texas upstream employment last month. According to TIPRO’s analysis, direct Texas upstream employment for May 2023 totaled 206,000, an increase of 6,900 jobs from adjusted April employment numbers. Texas upstream employment in May 2023 represented the addition of 22,700 positions compared to May 2022, including an increase of 2,700 jobs in oil and natural gas extraction and 20,000 jobs in the services sector.

    TIPRO’s new employment data yet again indicated strong job postings for the Texas oil and natural gas industry during the month of May. According to the association, there were 13,779 active unique jobs postings for the Texas oil and natural gas industry in May, including 4,366 new job postings added during the month by companies. In comparison, the state of California had 5,100 unique job postings last month, followed by Louisiana (2,390), Oklahoma (2,037) and Pennsylvania (1,649). TIPRO reported a total of 61,442 unique job postings nationwide last month within the oil and natural gas sector. 

    Among the updated 17 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the rankings for unique job listings in May with 3,516 postings, followed by Gasoline Stations with Convenience Stores (1,693) and Crude Petroleum Extraction (1,542). The leading three cities by total unique oil and natural gas job postings were Houston (4,993), Midland (1,268) and Odessa (695), said TIPRO. 

    The leading three companies ranked by unique job postings in May were John Wood Group (796), Love’s (524) and Halliburton (462), according to TIPRO. Of the top ten companies listed by unique job postings last month, four companies were in the services sector, followed by two midstream companies, two in the gasoline stations category with convenience stores, and two in oil and natural gas extraction. Top posted industry occupations for May included maintenance and repair workers (467), heavy tractor-trailer truck drivers (401) and managers (353). The top posted job titles for May included field service technicians (115), lease operators (96) and process engineers (75).

    Top qualifications for unique job postings included valid driver’s license (2,392), commercial driver's license (CDL) (312), and CDL Class A license (249). TIPRO reports that 43 percent of unique job postings required a bachelor’s degree, 29 percent required a high school diploma or GED, and 29 percent had no education requirement listed. There are 1,484 advertised salary observations (11 percent of the 13,779 matching postings) with a median salary of $50,000.

    Additional TIPRO workforce trends data:

    • A sample of 500 active industry job postings in Texas for May 2023 can be viewed here. Please note, some positions may no longer be available.
    • The top three posting sources in May included indeed.com (5,414), simplyhired.com (3,388) and dejobs.org (2,102).
    • Average annual wages for the Texas oil and natural gas industry can be viewed here.
    • Leading industry positions in Texas with median hourly earnings, education, work experience and typical on-the-job training is available here.

    TIPRO also highlights recent data released from the Texas comptroller’s office showing large tax contributions by the Texas oil and natural gas industry. In May, Texas energy producers paid $497 million in oil production taxes, up from levels reported for April. Producers also in May contributed almost $200 million in natural gas production taxes. Oil and natural gas severance taxes are extremely important to state and local governments and are used help to support road and infrastructure investments, water conservation projects, schools and education, first responders and other essential public services across the Lone Star State. 

    Additionally, TIPRO reports that oil and natural gas output is poised to see further growth this summer, though monthly production gains are narrowing from increases recorded earlier this year. New data from the U.S. Energy Information Administration (EIA) projects that U.S. crude oil production in July will rise to 9.375 million barrels per day (b/d), up 8,000 b/d from June. In the Permian Basin, the most nation's most prolific shale oil basin, regional output will increase by 1,000 b/d to hit 5.76 million b/d next month, forecasts EIA experts. Domestic natural gas production in the United States also will climb and reach 97.3 billion cubic feet per day (bcf/d) in July, according to the latest EIA estimates. This in part will be driven by production gains from the Permian, where natural gas production is expected to grow to 22.878 bcf/d and in the Haynesville, where natural gas production will total 16.6 bcf/d. 

    “The Texas oil and natural gas industry is an economic powerhouse providing reliable energy to meet growing demand here and aboard,” said Ed Longanecker, president of TIPRO. “Fortunately, Texas policymakers continue to maintain a regulatory environment that is conducive to economic growth and the responsible development of our natural resources, which is reflected in our analysis. We appreciate the work of the Texas Legislature this year that advanced a policy agenda supporting the continued success of our industry and its unmatched contributions,” added Longanecker.

    As a leading energy provider, TIPRO says Texas has also promoted further investments in infrastructure and related projects that support natural gas development. For example, the Matterhorn Express Pipeline is scheduled for completion next year and will deliver natural gas to the Katy Hub on the Gulf Coast, adding additional opportunity for the state to capitalize on its liquified natural gas (LNG) exports.

    See below for other projects that will add to the expansion of natural gas from the Permian Basin:

    • The Whistler Pipeline Capacity Expansion is expanding compression by installing three new compressor stations on the pipeline, increasing capacity by 0.5 Bcf/d to 2.5 Bcf/d. The project is expected to enter service in September 2023.
    • The Permian Highway Pipeline Expansion is expanding compression, increasing capacity by 0.55 Bcf/d to 2.65 Bcf/d. The project is expected to enter service in November 2023.
    • The Gulf Coast Express Pipeline is expanding compression, increasing capacity by 0.6 Bcf/d to 2.65 Bcf/d by December 2023.

    “These infrastructure investments will enable the Lone Star State to continue being a global leader in natural gas production, driving further economic prosperity across Texas and enhancing our nation's energy security,” concluded Longanecker.

    ###

  • 19 May 2023 9:30 AM | Anonymous member (Administrator)

    Austin, Texas - Citing the latest Current Employment Statistics (CES) report from the U.S. Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) today highlighted new employment figures showing a gain in Texas upstream employment last month. According to TIPRO’s analysis, direct Texas upstream employment for April 2023 totaled 199,400, an increase of 700 jobs from March employment numbers. Texas upstream employment in April 2023 represented the addition of 17,600 positions compared to April 2022, including an increase of 1,700 jobs in oil and natural gas extraction and 15,900 jobs in the services sector.

    TIPRO’s new employment data yet again indicated strong job postings for the Texas oil and natural gas industry during the month of April. According to the association, there were 15,127 active unique jobs postings for the Texas oil and natural gas industry in April, including 5,011 new job postings added in the month by companies. In comparison, the state of California had 5,139 unique job postings last month, followed by Louisiana (2,628), Oklahoma (2,184) and Pennsylvania (1,722). TIPRO reported a total of 64,286 unique job postings nationwide last month within the oil and natural gas sector. 

    Among the updated 17 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the rankings for unique job listings in April with 3,989 postings, followed by Gasoline Stations with Convenience Stores (1,927) and Crude Petroleum Extraction (1,682). The leading three cities by total unique oil and natural gas job postings were Houston (5,228), Midland (1,391) and Odessa (686), said TIPRO. 

    The leading three companies ranked by unique job postings in March were John Wood Group (844), Love’s (613) and Halliburton (540), according to TIPRO. Of the top ten companies listed by unique job postings last month, five companies were in the services sector, followed by two midstream companies, two in gasoline stations with convenience stores, and one in oil and natural gas extraction. Top posted industry occupations for April included maintenance and repair workers (467), heavy tractor-trailer truck drivers (437) and managers (400). The top posted job titles for April included lease operators (103), field service technicians (94) and process engineers (78).

    Top qualifications for unique job postings included valid driver’s license (2,590), commercial driver's license (CDL) (345), and CDL Class A license (289). TIPRO reports that 41 percent of unique job postings required a bachelor’s degree, 30 percent required a high school diploma or GED, and 30 percent had no education requirement listed. There were 1,719 advertised salary observations (11 percent of the 15,127 matching postings) with a median salary of $49,800.

    Additional TIPRO workforce trends data:

    • A sample of 500 active industry job postings in Texas for April 2023 can be viewed here. Please note, some positions may no longer be available.
    • The top three posting sources in April included indeed.com (5,926), simplyhired.com (3,413) and dejobs.org (1,893).
    • Average annual wages for the Texas oil and natural gas industry can be viewed here.
    • Leading industry positions in Texas with median hourly earnings, education, work experience and typical on-the-job training is available here.

    TIPRO also highlights recent data released from the Texas comptroller’s office showing strong levels of tax contributions paid by the Texas oil and natural gas industry. In April, Texas energy producers paid $453 million in oil production taxes, up from levels reported for March. Producers also contributed $203 million in natural gas production taxes. Oil and natural gas severance taxes are extremely important to state and local governments and are used help to support road and infrastructure investments, water conservation projects, schools and education, first responders and other essential public services. 

    Additionally, TIPRO reports that oil and natural gas output is poised to see further growth this summer. New data from the U.S. Energy Information Administration (EIA) projects that U.S. oil production in June will grow by 41,000 barrels per day (b/d) and top 9.33 million b/d. In the Permian Basin, the most nation's most prolific shale oil basin, output will rise by 15,000 b/d to hit 5.71 million b/d. Oil production in the Eagle Ford Shale in South Texas is also expected to see modest gains by 2,000 b/d to total 1.108 million bpd. According to the latest EIA estimates, domestic natural gas production also will climb in June and reach 97.239 billion cubic feet per day (bcf/d) next month. This in part will be driven by production gains from the Permian, where natural gas production is expected to grow to 22.552 bcf/d and in the Eagle Ford, where natural gas production will total 7.248 bcf/d. 

    “We are pleased to report continued growth in employment and production levels for the Texas oil and natural gas industry,” said Ed Longanecker, president of TIPRO. “This equates to enhanced energy security for our country and unmatched economic contributions to our state. Federal policymakers must remove, not add, regulatory barriers to unleash the true potential and positive impact of domestic oil and natural gas production. This includes long overdue federal permitting reform. We will continue to advocate for a compromise permitting reform bill to be included in the final debt ceiling package that is being negotiated between Congressional leaders and the White House,” concluded Longanecker.

    ###

    About TIPRO

    The Texas Independent Producers & Royalty Owners Association (TIPRO) is a trade association representing the interests of nearly 3,000 independent oil and natural gas producers and royalty owners throughout Texas. As one of the nation’s largest statewide associations representing both independent producers and royalty owners, members include small businesses, the largest, publicly-traded independent producers, and mineral owners, estates, and trusts. 


  • 21 Apr 2023 10:00 AM | Anonymous member (Administrator)

    Austin, Texas - Citing the latest Current Employment Statistics (CES) report from the U.S. Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) today highlighted new employment figures showing a gain in Texas upstream employment last month. According to TIPRO’s analysis, direct Texas upstream employment for March 2023 totaled 198,700, an increase of 1,500 jobs from revised February employment numbers. Texas upstream employment in March 2023 represented the addition of 20,000 positions compared to March 2022, including an increase of 1,100 jobs in oil and natural gas extraction and 18,900 jobs in the services sector.

    TIPRO’s new employment data yet again indicated strong job postings for the Texas oil and natural gas industry during the month of March. According to the association, there were 14,491 active unique jobs postings for the Texas oil and natural gas industry in March, including 6,193 new job postings added in the month by companies. March active unique job postings reflect a 21 percent increase compared to February, and a 35 percent increase in new job postings for the month.

    Among the updated 17 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the rankings for unique job listings in March with 4,027 postings, followed by Gasoline Stations with Convenience Stores (2,002) and Crude Petroleum Extraction (1,548). The leading three cities by total unique oil and natural gas job postings were Houston (4,949), Midland (1,284) and Odessa (659), said TIPRO. 

    The leading three companies ranked by unique job postings in March were Love’s (833), John Wood Group (822) and Halliburton (589), according to TIPRO. Of the top ten companies listed by unique job postings last month, five companies were in the services sector, followed by three midstream companies, one in gasoline stations with convenience stores, and one in oil and natural gas extraction. Top posted industry occupations for March included maintenance and repair workers (469), heavy tractor-trailer truck drivers (428) and managers (402). The top posted job titles for March included lease operators (96), field service technicians (96) and maintenance technicians (86).

    Top qualifications for unique job postings included valid driver’s license (2,515), commercial driver's license (CDL) (334), and CDL Class A license (282). TIPRO reports that 40 percent of unique job postings required a bachelor’s degree, 31 percent required a high school diploma or GED, and 30 percent had no education requirement listed. There were 1,605 advertised salary observations (11 percent of the 14,491 matching postings) with a median salary of $48,000.

    Additional TIPRO workforce trends data:

    • Average annual wages for the Texas oil and natural gas industry can be viewed here.
    • Leading industry positions in Texas with median hourly earnings, education, work experience and typical on-the-job training is available here.
    • A sample of 500 active industry job postings in Texas for March 2023 - April 2023 can be viewed here. Please note, some positions may no longer be available.
    • The top three posting sources in March included indeed.com (5,674), simplyhired.com (3,010) and workintexas.com (1,438).

    TIPRO also highlights recent data released from the Texas comptroller’s office showing strong levels of tax contributions paid by the Texas oil and natural gas industry. In March, Texas energy producers paid $427 million in oil production taxes and $267 million in natural gas production taxes. Oil and natural gas severance taxes are extremely important to the state and local governments and are used help to support road and infrastructure investments, water conservation projects, schools and education, first responders and other essential public services. Texas Comptroller Glenn Hegar, who spoke recently at TIPRO's 77th Annual Convention in early April, emphasized the powerful impact of the industry to the state economy and also highlighted how tax revenue generated from oil and gas production has contributed heavily to the state's record budgetary surplus.  

    Additionally, TIPRO reports that oil and natural gas output is poised to further increase in the months to come. New data from the U.S. Energy Information Administration (EIA) projects that U.S. oil production in May will grow by 49,000 barrels per day (b/d) and top 9.328 million b/d. In the Permian Basin, the most nation's most prolific shale oil basin, output will rise by 13,000 b/d to hit 5.694 million b/d. Oil production in the Eagle Ford Shale in South Texas is also expected to increase by 6,000 b/d to total 1.141 million bpd. According to the latest EIA estimates, domestic natural gas production also will climb in May and reach 97 billion cubic feet per day (bcf/d) next month. This in part will be driven by production gains from the Permian, where natural gas production is expected to grow to 22.5 bcf/d and in the Eagle Ford, where natural gas production will total 7.26 bcf/d. 

    “The Texas oil and natural gas industry continues to ramp up employment and production in-line with growing demand for our product here and abroad,” said Ed Longanecker, president of TIPRO. “With global oil and natural gas demand projected to increase by 34 percent by the year 2050, it’s imperative that policy at the state and federal level reflect this reality and that our elected officials support continued investment in energy infrastructure and domestic production. By not doing so, energy prices will only increase for Americans and our country will become more reliant on other countries for oil and natural gas that do not adhere to the same environmental standards as the U.S. No other industry sector is more pervasive or important to our everyday lives and national security than oil and natural gas,” concluded Longanecker.

    ###

     SHAR

<< First  < Prev   1   2   3   4   Next >  Last >> 
Powered by Wild Apricot Membership Software