Updated Aug 22, 2024
8/22/24
Texas’ upstream oil and gas employment grew to 188,700 in December, representing increases of 3,000 jobs month/month and 27,800 positions year/year, the Texas Independent Producers and Royalty Owners Association (TIPRO) reported last week.
Capital spending in the Permian Basin is set to shoot up 400% over the next five years to $40 billion by 2021, as operators raise more rigs and expand development, a Texas industry group said Thursday.
The Texas Oil & Gas Association (TXOGA) and Denton, TX, have agreed to drop litigation related to the city's now-repealed ban on hydraulic fracturing (fracking) and an expired moratorium on new drilling.