Author: Stephen Chang

TXOGA Statement on Governor Abbott’s Call for a Special Legislative Session Prioritizing Property Tax Relief

AUSTIN – Todd Staples, President of the Texas Oil & Gas Association (TXOGA) today issued a statement following Governor Greg Abbott’s call for a special legislative session prioritizing property tax relief through property tax rate compression: “We appreciate Governor Abbott’s commitment to drive down school property tax rates. Broad rate compression of the property tax

CONTINUE READING TXOGA Statement on Governor Abbott’s Call for a Special Legislative Session Prioritizing Property Tax Relief 1 min read
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TXOGA Safety Group Members Earn $2.12 Million Dividend from Texas Mutual

AUSTIN – The Texas Oil & Gas Association’s (TXOGA) Safety Group today announced that companies who are members collectively earned $2.12 million in dividends from Texas Mutual Insurance Company for prioritizing workplace safety and keeping the group’s loss ratio low. Texas Mutual is a policyholder-owned company that recognizes policyholders’ successful safety records through dividends. “The

CONTINUE READING TXOGA Safety Group Members Earn $2.12 Million Dividend from Texas Mutual 1 min read

Upstream Oil and Gas Employment Continues Growth in April, Nears 200,000

AUSTIN – Data released by the Bureau of Labor Statistics and Texas Workforce Commission indicates that upstream oil and natural gas employment in Texas saw continued growth in April, edging up by 700 jobs and bringing the job count to within striking distance of 200,000 for the first time in over three years. “Texas’ energy

CONTINUE READING Upstream Oil and Gas Employment Continues Growth in April, Nears 200,000 1 min read

Residential and Business Consumers Unite! Texans Demand Firm Caps on Performance Credit Mechanism Tax to Protect Electricity Ratepayers

Without a meaningful cap, PCM represents a multi-billion-dollar blank check to generators with no guarantee of increased capacity or improved reliability. AUSTIN – Organizations representing electricity consumers statewide are demanding a meaningful cap on the proposed Performance Credit Mechanism (PCM) scheme that will impose billions of dollars in increased costs for Texas consumers if left

CONTINUE READING Residential and Business Consumers Unite! Texans Demand Firm Caps on Performance Credit Mechanism Tax to Protect Electricity Ratepayers 5 min read

TXOGA Statement on Electricity Market Assessment that Shows PCM Would Cost Consumers Billions with No Guarantee of New Capacity

AUSTIN – Todd Staples, President of the Texas Oil & Gas Association (TXOGA) today issued a statement following the release of the final results of Bates White’s Assessment of ERCOT Market Reform Alternatives: “Reliability in our electric grid is essential to meet Texans’ basic needs, but so is controlling extreme costs. Having a firm and

CONTINUE READING TXOGA Statement on Electricity Market Assessment that Shows PCM Would Cost Consumers Billions with No Guarantee of New Capacity 1 min read

Final Electricity Market Assessment Finds Performance Credit Mechanism Would Cost Consumers Billions Annually with No Guarantee of Any New Capacity

AUSTIN – The proposed Performance Credit Mechanism (PCM) being considered among ERCOT market reform options “would entail billions in costs for customers without a meaningful improvement in reliability,” according to the final results of an Assessment of ERCOT Market Reform Alternatives, prepared by Bates White Economic Consulting, a firm with 25-years of experience in providing

CONTINUE READING Final Electricity Market Assessment Finds Performance Credit Mechanism Would Cost Consumers Billions Annually with No Guarantee of Any New Capacity 3 min read

TXOGA Statement on House Passage of HB 5

AUSTIN – Todd Staples, President of the Texas Oil & Gas Association (TXOGA) today issued a statement on the House passage of HB 5, the Texas Jobs & Security Act, authored by Chairman Todd Hunter, which would create a new, modern economic development program: “There is no reason Texas—the 9th largest economy in the world—should

CONTINUE READING TXOGA Statement on House Passage of HB 5 1 min read
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TXOGA Announces Hiring of New Chief Economist

AUSTIN – The Texas Oil & Gas Association (TXOGA) today announced the hiring of Dr. Dean Foreman as Chief Economist. Todd Staples, President of TXOGA, issued the following statement: “Dean brings a wealth of experience that will greatly benefit the Texas oil and gas industry as well as TXOGA member companies,” said Staples. “His nearly

CONTINUE READING TXOGA Announces Hiring of New Chief Economist 1 min read

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