AUSTIN – Data from the Texas Workforce Commission show upstream oil and natural gas employment fell by 1,400 in July compared to June. June’s job loss has been revised to 1,500—less severe than the previously estimated 2,700. Despite declines over the past two months, year-to-date growth remains positive at 4,300 upstream jobs.
Following the release of these data, TXOGA President Todd Staples issued the following statement:
“Forecasts for lower prices can slow industry growth plans. With approximately 8 bcf/d of new LNG export capacity under development in Texas and multiple infrastructure projects announced, we are optimistic stable global market conditions will strengthen short-term demand and reinforce our energy workforce.”
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Founded in 1919, TXOGA is the oldest and largest oil and gas trade association in Texas representing every facet of the industry.