AUSTIN – Texas’ production of oil, natural gas, and natural gas liquids (NGLs) has achieved new record highs, according to a recent monthly energy economic analysis prepared by Texas Oil & Gas Association (TXOGA) Chief Economist Dean Foreman, Ph.D. TXOGA estimates that Texas set new production records in August 2023, with Texas’ crude oil production
AUSTIN – Newly-released data from the Texas Workforce Commission (TWC) indicates that upstream oil and natural gas employment rose by 1,200 jobs in August. These new numbers extend the strength of 2023’s job growth to date, with 12,100 jobs added so far this year. “The oil and natural gas industry serves as a major driver
AUSTIN – The Environmental Partnership last week released its 2023 Annual Report showing accelerated progress in emissions reductions by the oil and natural gas industry. Progress was achieved through involvement in the Partnership’s eight environmental performance programs that span the entirety of the energy supply chain. According to the report, as the Partnership’s membership has
TXOGA’s Monthly Energy Economics Reviews provide our members as well as those who are interested Texas’ energy developments with information that fills missing links in the state’s oil and natural gas value chains, illuminating key data points for recent past month(s): 2023 August September +++ Founded in 1919, TXOGA is the oldest and largest oil
TXOGA’s Economic Chartbooks serve as a vital reference for our members as well as those who are interested in understanding data which tell the story of what’s happening with the economy as well as oil and gas markets at the Texas, U.S. and global levels: 2023 June Economic Chartbook – June 19, 2023 July Economic
The following op-ed was written by Dean Foreman, Ph.D., Chief Economist at the Texas Oil & Gas Association (TXOGA): In a world where the specter of economic downturn is ever looming, there’s a beacon of hope: energy. Particularly, oil and natural gas. “Where there’s energy, there’s economic growth,” is more than just a catchphrase—it’s the
