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  • 23 Jun 2022 10:00 AM | Anonymous member (Administrator)

     Austin, Texas - Today, the Texas Independent Producers and Royalty Owners Association (TIPRO) joined leading industry trade associations across the country in a letter that urges President Joe Biden and key administration officials to visit American oil and natural gas facilities ahead of the president's planned trip to the Middle East next month. The letter was co-signed by 27 trade associations and asks the president to prioritize American-made energy solutions provided by U.S. oil and natural gas resources that would benefit American families, the U.S. economy and national security. The following statement can be attributed to Ed Longanecker, president of TIPRO:

    "Instead of advancing anti-oil and natural gas policies targeting American businesses and related efforts that will increase our reliance on foreign sources of energy, the Biden Administration should work collaboratively with U.S. producers to develop a coherent strategy that provides the regulatory certainty needed to unleash domestic production, which is the best tool to ease inflationary pressures and correct high gasoline prices. TIPRO is proud to join forces with our allied trade associations to promote the development of our abundant oil and natural gas resources to drive economic development and energy security for our country and support for our allies abroad."

    The full letter signed by America's energy associations can be viewed at: https://bit.ly/3n9YsV0


  • 22 Jun 2022 1:00 PM | Anonymous member (Administrator)

    Austin, Texas - While the federal government struggles to address soaring energy prices, President Joe Biden this week said he wants Congress to suspend the federal gas tax for three months, giving Americans a "gas tax holiday" that would last through the month of September. In response, the Texas Independent Producers & Royalty Owners Association (TIPRO) has issued the following statement, which can be attributed to TIPRO's President Ed Longanecker:

    American consumers are undoubtedly hurting from rising inflation and feeling the pain at the gas pump. While officials may be working in good faith to make energy more affordable for working families, there are simply more impactful policy options than lifting the gas tax being left on the table right now. To lower prices, we need long-term balance in oil and gas markets. Producers and investors need greater regulatory stability to increase domestic oil and gas production and bring more supplies online. The administration should allow more drilling on federal lands and waters, streamline federal permitting processes and accelerate infrastructure development, as well as avoid overly-burdensome regulations that threaten to discourage investment. While federal leaders claim they want to 'encourage oil companies to boost capacity and output,' the reality is the president is sending mixed messages with his policy positions and regulatory agenda. 

    Further, a gas tax holiday is likely to only have a limited impact on household energy expenses, while taking significant funds away from important infrastructure projects. Instead, the president and his administration must implement policies that will expand U.S. supply to balance out the market and pull-down skyrocketing gas prices.”

  • 17 Jun 2022 11:00 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 decrease in monthly employment for the Texas upstream sector following three consecutive months of job gains this year. According to TIPRO’s analysis, direct Texas upstream employment for May 2022 totaled 188,700, a decrease of 1,400 jobs from April numbers, subject to revisions. Texas upstream employment in May 2022 represented an increase of 25,500 positions compared to May 2021, including an increase of 5,700 in oil and natural gas extraction and 19,800 jobs in the services sector.

    The Houston metropolitan area, the largest region in the state for industry employment, showed a decrease of 1,600 upstream jobs last month compared to April, for a total of 64,800 direct positions, according to TIPRO. Houston metro upstream employment in May 2022 represented an increase of 7,500 jobs compared to May 2021, including an increase of 3,300 in oil and natural gas extraction and 4,200 jobs in the services sector.

    TIPRO once again noted strong job posting data for upstream, midstream and downstream sectors for the month of May showing a continued demand for talent and increasing exploration and production activities in the Texas oil and natural gas industry. According to the association, there were 11,695 active unique job postings for the Texas oil and natural gas industry in May of 2022.

    Among the 14 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations once again ranked the highest in May for unique job listings with 3,211 postings, followed by Crude Petroleum Extraction (1,625 postings) and Oil and Gas Field Machinery and Equipment Manufacturing (1,188 postings). The leading three cities by total unique oil and natural gas job postings were Houston (4,051), Midland (1,228) and Odessa (528), said TIPRO. 

    The top three companies ranked by unique job postings in May were Baker Hughes with 650 positions, National Oilwell Varco (635) and Weatherford International (464), according to TIPRO’s analysis. Of the top ten companies listed by unique job postings last month, five companies were in the services sector, followed by three companies in midstream and two in oil and natural gas extraction. 

    Top posted industry occupations for May included heavy tractor-trailer truck drivers (462), personal service managers (285) and software developers and software quality assurance analysts and testers (278). Top qualifications for unique job postings included Commercial Driver's License (556), Master of Business Administration (211) and Bachelor of Science in Business (179). When analyzing education and experience requirements for unique industry job postings last month, TIPRO reports that 38 percent required a bachelor’s degree, 36 percent a high school diploma or GED, and 28 percent had no education requirement listed. 

    Despite facing a number of challenges, including workforce shortages, rising material costs and an adversarial federal policy environment, TIPRO says Texas operators are responding to the call for increased production to meet growing global demand. According to the U.S. Energy Information Administration (EIA), oil output in the Permian Basin is projected to increase by 84,000 barrels per day (bpd) to a record 5.316 million bpd in July. Total output in the major U.S. shale oil basins is forecasted to rise 143,000 bpd to 8.901 million bpd in July, the highest since March 2020.

    TIPRO also highlights new data released from the Texas Comptroller’s office showing record levels of severance taxes paid by Texas oil and natural gas producers. In April, Texas oil producers paid a record $666 million to the state in oil production taxes, the highest amount in history, representing a 99 percent increase from April 2021. In May, oil producers paid $595 million in taxes, an increase of 64 percent from May 2021. Natural gas producers also paid $413 million in taxes in May, the highest monthly total on record, up 216 percent from May 2021. With three months left in the current fiscal year, the industry has already contributed a record $4.48 billion in taxes. TIPRO says this critical source of revenue supports all aspects of the state economy, including schools and education, transportation infrastructure and first responders, to name a few.

    “Texas upstream employment figures show a decline in May, following three months of significant growth this year, but job postings remain strong for the Texas oil and natural gas industry as companies continue to increase exploration and production activity in the state of Texas,” said Ed Longanecker, president of TIPRO. “The decrease in industry employment last month could be an anomaly and subject to further revisions or could also be attributable to workforce shortages facing many companies as they compete to fill open positions in a tight labor market. Regardless, we project continued employment growth for this sector in the coming months, and this data once again illustrates the enormous economic contributions made by the Texas oil and natural gas industry. Instead of proposing anti-American energy policies, federal elected officials should work collaboratively with U.S. producers and develop a coherent strategy to unleash domestic production, including lifting restrictions on federal lands and waters, accelerating LNG exports and approving pending LNG applications. The Federal Energy Regulatory Commission (FERC) should also end efforts to overstep its permitting authority, which will not only further delay currently proposed infrastructure projects, but also stymie billions of dollars in economic investments and drive energy prices up further,” concluded Longanecker.

  • 20 May 2022 12:00 PM | 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 another consecutive month of positive job growth for the Texas upstream sector in 2022. According to TIPRO’s analysis, direct Texas upstream employment for April 2022 totaled 190,400, an increase of 5,200 jobs from March numbers, subject to revisions. Texas upstream employment in April 2022 represented an increase of 26,700 positions compared to April 2021, including an increase of 4,300 positions in oil and natural gas extraction and 22,400 jobs in the services sector.

    The Houston metropolitan area, the largest region in the state for industry employment, added 1,100 upstream jobs last month compared to March, for a total of 66,100 direct positions, according to TIPRO. Houston metro upstream employment in April 2022 represented an increase of 7,700 jobs compared to April 2021, including an increase of 3,300 positions in oil and natural gas extraction and 4,400 jobs in the services sector. 

    TIPRO once again noted strong job posting data for upstream, midstream and downstream sectors for the month of April in line with rising employment, showing a continued demand for talent and increasing exploration and production activities in the Texas oil and natural gas industry. According to the association, there were 11,313 active unique job postings for the Texas oil and natural gas industry in April of 2022.

    Among the 14 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations once again ranked the highest in April for unique job listings with 3,069 postings, followed by Crude Petroleum Extraction (1,510) and Oil and Gas Field Machinery and Equipment Manufacturing (1,069). The leading three cities by total unique oil and natural gas job postings were Houston (3,931), Midland (1,184) and Odessa (514), said TIPRO. 

    The top three companies ranked by unique job postings in April were Baker Hughes with 650 positions, National Oilwell Varco (586) and Weatherford International (487), according to TIPRO’s analysis. Of the top ten companies listed by unique job postings last month, five companies were in the services sector, followed by four companies in midstream and one in oil and natural gas extraction. 

    Top posted industry occupations for April included heavy tractor-trailer truck drivers (474), software developers and software quality assurance analysts and testers (258), and personal service managers (251). Top qualifications for unique job postings included Commercial Driver's License (552), Master of Business Administration (179) and Bachelor of Science in Business (178). When analyzing education and experience requirements for unique industry job postings last month, TIPRO reports that 37 percent required a high school diploma or GED, 37 percent a bachelor's degree and 7 percent listed an associate degree as a role requirement. 

    TIPRO also highlighted that the Railroad Commission of Texas issued a total of 946 original drilling permits in April 2022, which compared to a total of 1,176 original drilling permits in March 2022 and 732 in April 2021. According to the U.S. Energy Information Administration (EIA), oil output in the Permian Basin in Texas and New Mexico is due to rise 88,000 barrels per day (bpd) to a record 5.219 million bpd in June as producers respond to higher commodity prices and the call to increase domestic production to address supply shortages.

    Meanwhile, this week the U.S. House of Representatives voted 217-207 to pass a bill that gives the Federal Trade Commission (FTC) the authority to investigate energy companies for alleged price gouging as prices at gas pumps nationwide hit record highs. The vote was largely down party lines with four Democrats -- Representatives Kathleen Rice of New York, Stephanie Murphy of Florida, Jared Golden of Maine and Lizzie Fletcher of Texas -- joining all Republicans in voting against the legislation.

    TIPRO's President Ed Longanecker referred to this action as more political theater from policymakers unwilling to take responsibility for the impact of their own failed energy policies. "Prices are not set by some shadowy cabal of companies," said Longanecker. "Over the past three decades, there have been more than 100 investigations and lawsuits brought by consumers, the FTC and states' attorneys general alleging such conspiracies in the gasoline market, none of which have shown even a hint of wrongdoing from domestic producers."

    “Texas operators are responding to the call to increase production, despite facing numerous challenges, including inflationary pressures, workforce shortages and an adversarial federal policy environment,” Longanecker added. “Instead of politicians interrogating oil and gas executives, making false accusations and pushing for more taxes and regulations on American producers, it’s time to stop politicizing energy security and create a coherent strategy to address our current and future energy needs,” Longanecker concluded.

  • 17 Apr 2022 12:00 PM | 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) in mid-April highlighted new employment figures showing another month of positive job growth for the Texas upstream sector in 2022. According to TIPRO’s analysis, direct Texas upstream employment for March 2022 totaled 184,700, an increase of 4,300 jobs from February numbers, subject to revisions. Texas upstream employment in March 2022 represented an increase of 21,700 positions compared to March 2021, including an increase of 3,600 positions in oil and natural gas extraction and 18,100 jobs in the services sector.

    According to TIPRO, the Houston metropolitan area, the largest region in the state for industry employment, added 1,500 upstream jobs last month compared to February, for a total of 64,500 direct positions. Houston metro upstream employment in March 2022 represented an increase of 5,300 jobs compared to March 2021, including an increase of 2,100 positions in oil and natural gas extraction and 3,200 jobs in the services sector.

    TIPRO once again noted strong job posting data for upstream, midstream and downstream sectors for the month of March in line with rising employment, showing a continued demand for talent and increasing exploration and production activities in the Texas oil and natural gas industry. According to the association, there were 11,433 active unique job postings for the Texas oil and natural gas industry in March of 2022, a 14 percent increase compared to February. TIPRO also highlighted that in February a record number of drilling permits for new wells were issued in the Permian Basin as producers respond to higher commodity prices and the call to increase domestic production to address global supply shortages.

    Among the 14 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations once again ranked the highest in March for unique job listings with 3,167 postings, followed by Crude Petroleum Extraction (1,512) and Petroleum Refineries (1,040). The leading three cities by total unique oil and natural gas job postings were Houston (3,895), Midland (1,256) and Odessa (583), said TIPRO. The top three companies ranked by unique job postings in March were Baker Hughes with (637), Weatherford International (494) and Halliburton (488), according to TIPRO’s analysis. Top posted occupations for March included heavy tractor-trailer truck drivers (489), software developers and software quality assurance analysts and testers (271), and personal service managers (270).

    TIPRO’s president, Ed Longanecker, said “domestic production will continue to increase in the coming months, but operators still face a number of obstacles that will constrain our industry’s growth potential, including workforce shortages, higher material costs, and an uncertain regulatory environment. Our industry needs more than a temporary green light from policy leaders in Washington to make the long-term investments necessary to achieve sustained energy security for our country and allies abroad."

  • 6 Apr 2022 12:00 PM | Anonymous member (Administrator)

    Austin, Texas - Today, the Subcommittee on Oversight and Investigations of the U.S. House Committee on Energy and Commerce is holding a hearing entitled, "Gouged at the Gas Station: Big Oil and America's Pain at the Pump." The Texas Independent Producers & Royalty Owners Association (TIPRO) issued the following statement, which can be attributed to TIPRO's President Ed Longanecker:

    “America’s oil and gas companies do not set the market, but are subject to it like the rest of the world. Oil prices are determined through the complex web of commodity pricing, and in recent months, the market has undergone severe shocks including Russia’s invasion of Ukraine, and rising inflation, that have raised global oil prices. Instead of interrogating the energy industry, congressional leaders ought to focus on how we can support increased domestic oil and gas production, both for today and tomorrow. This includes expediting permits for U.S. LNG export facilities and pipeline infrastructure, lifting the ban on federal leasing and generally a more stable regulatory environment that provides certainty to producers and investors. Overburdensome regulations, increased taxes and anti-oil and natural gas rhetoric will only exacerbate high energy prices and raise costs for American consumers.” 

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