May 22, 2020
Employment in Texas’ Upstream Oil and Natural Gas Activities Impacted by Pandemic
AUSTIN – Data from the Workforce Commission indicates that employment in Texas’ upstream oil and natural gas activities fell significantly in April.
Compared to March 2020 levels, April upstream employment was down by 25,800 jobs. Compared to the same month in 2019, April 2020 jobs were down 47,200, or 20%. …
May 5, 2020
The following can be attributed to Todd Staples, president of the Texas Oil & Gas Association:
“We are pleased that the Railroad Commission will not be pursuing proration because that approach would have made matters worse. The market is a much better arbiter of production than artificial government mandates. There are, however, solutions the Commission can adopt that will be helpful as operators weather this economic crisis. …
April 21, 2020
The following can be attributed to Todd Staples, president of the Texas Oil & Gas Association.
“Today, the Railroad Commission made the right decision to not vote on government-mandated oil production cuts. We appreciate the Commission’s interest to support producers, but proration would make matters worse, not better. Producers are acting to reduce production, and the state and federal governments are exploring additional options to assist….