AUSTIN – Upstream* oil and natural gas employment rebounded with a 3,200 job gain in December, offsetting the 300 job drop in November, according to data from the Texas Workforce Commission.
Texas has recovered 50% of jobs lost between the high point in employment in December 2014 and the low point in September 2016. Since the low point, employment in the Texas upstream sector has grown by 58,700 jobs,…
Texas Permanent School Fund is Nation’s Largest Educational Endowment
AUSTIN – The Texas oil and natural gas industry paid $2.0 billion in royalties to the State of Texas in fiscal year 2018, up 18 percent over the previous year. The majority of these royalties are used to capitalize the Permanent School Fund (PSF), which benefits the public schools of Texas, and the Permanent University Fund (PUF),…
AUSTIN – Data from the Texas Workforce Commission shows that upstream* oil and natural gas employment fell by 500 jobs in November compared to October, ending a 23-month long consecutive increase in upstream job growth.
“We have seen tremendous growth in the oil and natural gas industry in Texas, including consistent job expansion, but growth is not guaranteed. The industry is vitally important to our state’s economy and national security,…