News Releases & Statements

Austin, Texas - To highlight the unprecedented contributions of the Texas oil and natural gas industry from an economic and energy security perspective, the Texas Independent Producers & Royalty Owners Association (TIPRO) and member executives will open the Nasdaq Stock Market in New York City on Wednesday, November 6, 2024.

“Texas continues to break production records thanks to our abundant resources, pro-business environment and the hundreds of thousands of men and women that make that reality possible day in and day out,” commented Grant Johnson, chairman of TIPRO and president of Lone Star Production Company. “TIPRO is honored to showcase our members, association and industry on Nasdaq’s global platform,” affirmed Johnson.

“The hardworking men and women of the energy sector are the lifeblood of our economy,” said Texas Governor Greg Abbott. “Thanks to our oil and gas industry, Texas leads the nation in energy production and provides nearly 25 percent of the country’s domestically produced energy. I congratulate TIPRO on ringing the Nasdaq opening bell, and I thank them for their continued work to propel Texas’ robust energy industry on the global stage. As the energy capital of the world, Texas will always fight for our oil and gas producers and the hundreds of thousands of Texans they employ.”

TIPRO’s opening bell ceremony is the fourth time the association has participated in a Nasdaq market event to promote the Texas oil and natural gas industry on the global platform. The event serves as an example of TIPRO’s comprehensive industry communication strategy to educate the general public about the importance of domestic production to meet growing energy demand and the many other contributions provided by the industry.

The state of Texas continues to lead the country in all aspects of the energy sector. In 2023, the Texas oil and natural gas industry supported 2.9 million direct and indirect jobs and the nation’s highest number of related businesses (23,315) than any other state. Last year, the direct Gross Regional Product for the Texas oil and natural gas industry was $381 billion, and these Texas businesses purchased U.S. goods and services in the amount of $288 billion supporting virtually every industry sector in the state. Additional details about the economic impact of the U.S. and Texas oil and natural gas industry can be found in TIPRO’s 2024 State of Energy Report here.

“As the leading statewide association representing the upstream sector in Texas, TIPRO remains focused on promoting the unmatched economic impact of our industry and advancing policies that support the responsible development of oil and natural gas and our ability to fully capitalize on these extraordinary resources,” said Ed Longanecker, president of TIPRO. “We are pleased to return to Nasdaq to promote and celebrate American energy security, fueled in large part by the great state of Texas,” added Longanecker.

“TIPRO is an important voice in the Texas energy industry, and we are proud to welcome the association and its executive members back to MarketSite to ring the bell for the fourth time. This is a testament to the strong relationship between Nasdaq and the oil and gas industry in the state of Texas which we have built over the long term,” said Rachel Racz, senior vice president, head of listings for Texas, Southern U.S. and Latin America at Nasdaq. “We look forward to the future as we continue to build our team and invest in our relationships in the region, including our decade-long one with TIPRO.”

The TIPRO-Nasdaq opening bell ceremony can be viewed live starting at 8:20 a.m. Central Time on Wednesday, November 6, 2024. To watch the event online, visit: https://www.nasdaq.com/marketsite/bell-ringing-ceremony.

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 the fourth consecutive month of growth in upstream employment in Texas in the month of September 2024. According to TIPRO’s analysis, direct Texas upstream employment for September totaled 195,400, an increase of 800 industry jobs from revised August employment numbers. The Texas upstream employment data represents a decrease of 900 jobs in oil and gas extraction and an increase of 1,700 positions in the services sector last month.

TIPRO’s new workforce data yet again indicated strong job postings for the Texas oil and natural gas industry. According to the association, there were 11,970 active unique jobs postings for the Texas oil and natural gas industry last month, an increase of 147 posted employment opportunities compared to August and 4,623 new job postings added during the month by companies. In comparison, the state of California had 4,008 unique job postings in September, followed by Florida (1,984), New York (1,910), Pennsylvania (1,658) and Oklahoma (1,528). TIPRO reported a total of 56,563 unique job postings nationwide last month within the oil and natural gas sector.

Among the 19 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 2,933 postings, followed by Support Activities for Oil and Gas Operations (2,539) and Crude Petroleum Extraction (1,160). The leading three cities by total unique oil and natural gas job postings were Houston (3,019), Midland (843) and Odessa (431), said TIPRO.

The top three companies ranked by unique job postings in September were Cefco (1,173), Love’s (676) and Energy Transfer (427), according to the association. Of the top ten companies listed by unique job postings last month, four companies were in the services sector, three in the gasoline stations with convenience stores category, two midstream companies and one upstream company. Top posted industry occupations for September included first-line supervisors of retail sales workers (689), general maintenance and repair workers (402) and heavy and tractor-trailer truck drivers (386). The top posted job titles for September included assistant store managers (274), customer service representatives (233) and maintenance people (176).

Top qualifications for unique job postings included Valid Driver’s License (1,969), Commercial Driver's License (CDL) (274) and Transportation Worker Identification Credential Card (222). TIPRO reports that 40 percent of unique job postings had no education requirement listed, 34 percent required a bachelor’s degree and 28 percent required a high school diploma or GED. There were 2,219 advertised salary observations (19 percent of the 11,970 matching postings) with a median salary of $65,900. The highest percentage of advertised salaries (25 percent) were in the $100,000 to $500,000 range.

Additional TIPRO workforce trends data:

• A sample of 500 industry job postings in Texas for September 2024 can be viewed here.  
• The top three posting sources in September included www.indeed.com (4,563), www.simplyhired.com (2,899) and www.dejobs.org (1,888).

TIPRO also highlights tax contributions by the oil and gas industry for essential government coffers. In September, Texas energy producers paid $516 million in oil production taxes, according to recent data released by the Texas comptroller’s office. Producers last month also paid a total of nearly $200 million to the state in natural gas production taxes. Production taxes paid by the oil and natural gas industry are used to support major revenue streams for the state, including public education funding, the State Highway Fund, the Rainy Day Fund and other vital parts of the state budget.

Additionally, TIPRO draws attention to new federal production forecasts showing more growth in domestic crude oil and natural gas output in the next year. The U.S. Energy Information Administration (EIA) in its latest Short-Term Energy Outlook has projected U.S. crude oil production will rise to 13.5 million barrels per day (b/d) in 2025, a record high, while marketed natural gas production is expected to increase to an average of 113.4 billion cubic feet per day (Bcf/d) next year. Much of the forecast growth in oil and natural gas production will be driven by productivity gains in the Permian Basin. In the Permian, specifically, the EIA has estimated crude oil production will top 6.6 million b/d and marketed natural gas production will average 25.8 Bcf/d in 2025.

“Rising upstream employment and a record production forecast mean one thing, the world needs more oil and natural gas to meet growing energy demand and Texans are more than willing to accommodate,” said Ed Longanecker, president of TIPRO. “Our state is blessed with an abundance of oil and natural gas and the most pro-business environment in the country, and we must keep it that way. As we approach the conclusion of another consequential election cycle, we encourage all Texans to do their due diligence and vote for candidates that support economic prosperity and energy security for our state and country,” added Longanecker.

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 upstream employment for the month of May 2024. According to TIPRO’s analysis, direct Texas upstream employment for May totaled 191,400, representing a decrease of 2,000 jobs from April employment numbers. Oil and gas extraction jobs in Texas increased by 400 last month, while support activities fell by 2,400.

Though overall employment for the state’s upstream sector was down in the month of May, TIPRO’s new workforce data yet again indicated strong job postings for the Texas oil and natural gas industry. According to the association, there were 11,015 active unique jobs postings for the Texas oil and natural gas industry last month, including 4,170 new job postings added during the month by companies. In comparison, the state of California had 3,833 unique job postings last month, followed by Florida (1,973), New York (1,672), Louisiana (1,435) and Pennsylvania (1,335). TIPRO reported a total of 52,329 unique job postings nationwide last month within the oil and natural gas sector. 

Among the 19 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 May with 2,529 postings, followed by Support Activities for Oil and Gas Operations (2,459) and Crude Petroleum Extraction (934). The leading three cities by total unique oil and natural gas job postings were Houston (3,398), Midland (763) and Odessa (476), said TIPRO.

The top three companies ranked by unique job postings in May were Cefco (1,224), Baker Hughes (604), and Love’s (411), according to the association. 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 with convenience stores category, two midstream companies and one upstream company. Top posted industry occupations for May included first-line supervisors of retail sales workers (629), heavy tractor-trailer truck drivers (367), and retail salespersons (349). The top posted job titles for May included store managers (240), customer service representatives (227) and maintenance people (143).

Top qualifications for unique job postings included valid driver’s license (1,726), CDL Class A License (239) and commercial driver's license (CDL) (206). TIPRO reports that 40 percent of unique job postings had no education requirement listed, 34 percent required a bachelor’s degree and 28 percent required a high school diploma or GED. There were 2,065 advertised salary observations (19 percent of the 11,015 matching postings) with a median salary of $62,300. The highest percentage of advertised salaries (31 percent) were in the $90,000 to $500,000 range.

Additional TIPRO workforce trends data:

• A sample of 500 industry job postings in Texas for May 2024 can be viewed here.  
• The top three posting sources in May included www.indeed.com (5,210), www.simplyhired.com (3,153) and www.dejobs.org (1,384).

TIPRO also highlights recent data released from the Texas comptroller’s office showing significant tax contributions provided by the Texas oil and natural gas industry during the month of May. Texas energy producers last month paid $556 million in oil production taxes, up from the prior month and 12 percent higher than amounts paid a year ago in May 2023. Producers in May also contributed an additional $180 million in revenue from natural gas production taxes. Revenue collected from oil and natural gas severance taxes is used help to support and pay for important public services across the Lone Star State, including road and infrastructure investments, water conservation projects, schools and education, first responders and more.

Additionally, TIPRO notes new projections for oil and natural gas production in the Permian Basin and Eagle Ford Shale. New data recently released by the U.S. Energy Information Administration (EIA) forecasts crude oil production in the Permian Basin to average about 6.3 million barrels per day (b/d) in 2024, an increase of nearly 8 percent from 2023, then surge to 6.8 million b/d in 2025. The Permian Basin, mostly located in Texas, accounts for nearly half of U.S. crude oil production, and in its June Short-Term Energy Outlook (STEO), the EIA said that higher production in the Permian and other drilling regions will drive U.S. oil production to achieve successive records in 2024 and 2025. Figures published June 11^th by the EIA also show oil production in the Eagle Ford will hover near 1.08 million b/d this year, then grow further in 2025. Meanwhile, market conditions and lower commodity prices will continue to impact drilling and production of natural gas, though natural gas output is forecasted to increase in the Permian and Eagle Ford regions this year, said the EIA, while declining in the other major producing regions.

Also this week, Texans for Natural Gas (TNG), an educational campaign managed by TIPRO, released a new report titled "Texas Grid Security: Natural Gas Critical for Reliability With Increasing Electricity Demand." The report highlights the vital role natural gas will play in supporting the state’s growing need for reliable and affordable power.

“Aside from the immense economic contributions provided by our industry, the role of natural gas in meeting growing electricity demand in our state has never been more critical,” said Ed Longanecker, president of TIPRO. “Natural gas will continue to play a dominant role in providing a reliable baseload supply for decades to come. Further investment in domestic production, infrastructure and natural gas power generation will be essential to meet this demand,” added Longanecker.

To read the full report, click here.

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 March 2024. According to TIPRO’s analysis, direct Texas upstream employment for March totaled 196,500, an increase of 4,500 jobs from February employment numbers, subject to revisions.

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 11,524 active unique jobs postings for the Texas oil and natural gas industry last month, including 3,839 new job postings added during the month by companies. In comparison, the state of California had 4,394 unique job postings last month, followed by New York (2,382), Florida (2,311), Louisiana (1,942) and Pennsylvania (1,751). TIPRO reported a total of 63,330 unique job postings nationwide last month within the oil and natural gas sector. 

Among the 19 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the ranking for unique job listings in March with 2,805 postings, followed by Gasoline Stations with Convenience Stores (2,525) and Crude Petroleum Extraction (993). The leading three cities by total unique oil and natural gas job postings were Houston (3,290), Midland (886) and Odessa (527), said TIPRO. 

The top three companies ranked by unique job postings in March were Cefco (1,087), Love’s (551) and Zachry Brands (390), 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 and two midstream companies. Top posted industry occupations for March included first-line supervisors of retail sales workers (680), maintenance and repair workers (537) and heavy tractor-trailer truck drivers (364). The top posted job titles for March included store managers (221), customer service representatives (203), and maintenance people (128).

Top qualifications for unique job postings included valid driver’s license (1,609), CDL Class A License (215), and commercial driver's license (CDL) (169). TIPRO reports that 38 percent of unique job postings had no education requirement listed, 34 percent required a bachelor’s degree and 30 percent required a high school diploma or GED. There were 1,903 advertised salary observations (17 percent of the 11,524 matching postings) with a median salary of $55,200. The highest percentage of advertised salaries (28 percent) were in the $85,000 to $500,000 range. TIPRO also notes that the average annual wage was $124,453 in 2023, as referenced in TIPRO’s 2024 State of Energy Report.

Additional TIPRO workforce trends data:

• A sample of 500 industry job postings in Texas for March 2024 can be viewed here.  
• The top three posting sources in March included www.indeed.com (5,995), www.simplyhired.com (3,740) and www.dejobs.org (1,754).

TIPRO also highlights recent data released from the Texas comptroller’s office showing gains for the month of March in tax contributions provided by the Texas oil and natural gas industry. Texas energy producers last month paid $473 million in oil production taxes, up from the prior month and 11 percent higher than amounts paid in March 2023. Producers in March also contributed $212 million in natural gas production taxes, exceeding collections from February of this year. 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. 

TIPRO noted that following record production last year, oil output is expected to continue to increase in May. The U.S. Energy Information Administration (EIA) said this week in its latest Drilling Productivity Report that oil production in the Permian Basin will rise next month by 12,000 barrels per day (bpd) to reach 6.17 million bpd. In the Eagle Ford Shale, oil output is set to grow by about 5,000 bpd to top 1.16 million bpd, according to the EIA. Overall, total oil production in the nation's biggest shale basins will increase by nearly 16,000 bpd to total 9.8 million bpd in May. Pricing conditions for natural gas, meanwhile, will continue to impact production levels in the U.S. Total natural gas output is likely to slide in May in the biggest shale gas formations to 99.94 billion cubic feet per day (bcfd), down from 100.2 bcfd produced in April, said the EIA in its report. Though nationally natural gas output will be lower, in the Permian, natural gas production is forecasted to climb to 25.24 bcfd, up from 25.1 bcfd that will be produced in April.

“As demand for oil and natural gas expands globally, and geopolitical conflicts escalate, Texas continues to play an outsized role in providing energy to fuel our economy, support our allies and protect our national security,” said Ed Longanecker, president of TIPRO. “Unfortunately, politically motivated actions targeting domestic oil and natural gas producers at the federal level not only threaten millions of Americans employed by our industry, but the very energy source that fuels our modern society. While these policies might appease environmental activists, the consequences are potentially severe, driving higher costs for consumers, fueling inflation, and ceding America’s energy dominance to rogue states with poor environmental and humanitarian track records. Texas operators remain committed to producing energy in a responsible manner and supporting sound energy policy at all levels of government,” concluded Longanecker.

The Texas Independent Producers & Royalty Owners Association (TIPRO) today released the ninth edition of its “State of Energy Report,” offering a detailed analysis of national and state trends in oil and natural gas employment, wages and other key economic factors for ​the energy industry in 2023. TIPRO’s “State of Energy Report” series was developed to quantify and track the economic impact of the domestic oil and natural gas sector with an emphasis on the state of Texas.

“Despite facing a number of unique challenges, including geopolitical conflicts and an adversarial federal policy environment, the U.S. oil and gas industry continued to offer significant economic support in 2023, while providing reliable and affordable energy to meet growing domestic and global demand,” said Jud Walker, chairman of TIPRO and president and CEO of EnerVest, Ltd. “TIPRO’s comprehensive annual analysis illustrates the immense contributions provided by the Texas oil and natural gas industry from an economic and national security perspective,” added Walker.

According to TIPRO, the industry supported a total of 2 million direct jobs in the U.S. last year, with total direct and indirect jobs tied to the industry exceeding 24million. The U.S. oil and natural gas sector paid a national annual wage averaging $79,417 and had a combined payroll of $162 billion. Direct Gross Regional Product (GRP) also surpassed $1 trillion in 2023.Additionally, total U.S. goods and services purchased in 2023 by the oil and natural gas industry exceeded $882 billion from over 900 business sectors, notes TIPRO.

In Texas, the oil and gas industry once again led the nation in industry employment last year, accounting for 23 percent of all oil and gas jobs in the nation, as outlined in the association’s new report. The industry supported a total of 471,631 direct jobs in Texas in 2023, with total direct and indirect employment of 2.9million. Direct GRP for Texas oil and gas equaled an estimated $364 billion in 2023. Total U.S. goods and services purchased by the Texas oil and natural gas industry reached $288 billion last year, 83percent of which came from Texas businesses, benefiting virtually every business sector in the state.

The Lone Star State again was the nation's top oil producer, supplying a record 1.99 billion barrels of oil to energy markets in 2023. TIPRO reports that Texas also broke a new record in natural gas output with over 12.2 trillion cubic feet (Tcf) of gas produced. Texas productionis helping to change the world by providing access to this foundational, low-carbon fuel source. Last year saw a record-breaking number of exports, with large volumes expected to continue as additional terminals come online and demand for the fuel remains high amid geopolitical tensions.

U.S. crude production, including condensate, averaged 12.9 million barrels per day (b/d), breaking the previous U.S. and global production record of 12.2 million (b/d). Monthly production established a new record, hitting an all-time high in December with more than 13.3 million b/d. U.S. natural gas production averaged a record 104 billion cubic feet per day (Bcf/d) last year, a 4% increase from the 2022 annual average.

“The Texas oil and natural gas industry remains a cornerstone of the Texas and U.S. economy, and a critical source of energy security for our country and allies abroad,” said Ed Longanecker, president of TIPRO. “We applaud the immense contributions provided by the Texas oil and natural gas industry and the policymakers that understand its importance,” added Longanecker.

What does Oil & Gas mean for Texas?

• Texas led the nation in oil and gas jobs with 471,631 people employed in this industry. 23 percent of all oil and gas jobs nationwide were located in Texas last year.
• When incorporating direct, indirect, and induced multipliers for oil and gas employment, the industry supported a total of 2.9 million jobs in Texas last year.
• Four percent of the Texas workforce were between the ages of 22-24 years old, 21 percent were 25-34, 27 percent were 35-44, 22 percent were 45-54, 16 percent were 55-64 and 5 percent were 65 or older.
• Texas was the leading state by employment in 15 out of the 19 sectors used to define the oil and natural gas industry in 2023.
• Oil and gas jobs in Texas paid an annual average wage of $124,453, 74 percent more than all average private sector jobs in the state. The highest average industry wages were in Alaska last year ($143,421). Iowa had the lowest average oil and gas wages in the country ($33,292).
• Texas had the highest oil and gas payroll in the country in 2023 ($59 billion), with California coming in at a distant second ($14 billion), followed by Louisiana ($9 billion).
• Texas had the largest number of oil and gas businesses in the nation last year with 23,315, followed by California (9,328), Florida (7,634), Georgia (6,310) and New York (5,801).
• Oil production in Texas was 1.99 billion barrels in 2023, a new record. New Mexico had the second highest oil production with 662 million barrels, followed by North Dakota with 433 million barrels produced. Permian operators were largely responsible for these numbers, producing a record 6.1 million b/d by the end of 2023.
• Texas led the country in natural gas production with a record 12.2 Tcf produced in 2023, followed by Pennsylvania with 7.6 Tcf.
• Texas had the highest rig count in the country in 2023 with an average of 356 active rigs. The number of rigs in Texas decreased from a high of 428 in January to 314 in December. New Mexico had the second highest rig count in the country and experienced a drop of seven rigs in the same timeframe.
• In 2023, total direct GRP for the Texas oil and natural gas industry was an estimated $364 billion. Once you incorporate the typical multiplier for GRP, the Texas oil and natural gas industry supported approximately 35 percent of the Texas economy.
• The Texas oil and natural gas industry purchased U.S. goods and services in the amount of $288 billion, 83 percent of which came from Texas businesses.
• The Texas oil and natural gas industry paid a record $26.3 billion in state and local taxes and state royalties in Fiscal Year 2023.

The “State of Energy Report” series is published exclusively by TIPRO. A full list of the data sources used to develop this analysis can be viewed in the methodology section of the report.

Visit https://tipro.org/tipro-energy-report-2024/ to view TIPRO’s new "State of Energy Report."

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.

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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.

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. 

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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." 

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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.

“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.  

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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. 

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