Upstream employment in Texas fell by 0.3% in March, the Texas Independent Producers and Royalty Owners (TIPRO) said. (Source: Shutterstock)
Upstream employment in Texas fell by 0.3% in March, the Texas Independent Producers and Royalty Owners (TIPRO) said, citing U.S. employment data.
TIPRO said direct Texas upstream employment for March totaled 204,400, down 700 from February, subject to revisions. The services sector shed 900 jobs, while oil & gas extraction added 200.
Production remains up in Texas, however, supported by improvements in well productivity and technology, such as electronic hydraulic fracturing and AI.
The Permian Basin in West Texas produced 48% of total U.S. crude production in 2024 for an average of 6.3 MMbbl/d. Natural gas production in the Permian averaged 25.4 Bcf/d.
And the Energy Information Administration continues to project production growth in 2025, TIPRO said. Analysts estimate U.S. oil production to hit 13.6 MMbbl/d in 2025 and rise to 13.6 MMbbl/d in 2026. Natural gas production is also expected to rise on increased demand for LNG and higher natural gas prices.
For the first seven months of the fiscal year, Texas energy producers have paid $3.25 billion in oil production taxes, according to data published by the Texas comptroller’s office, down 10.5% from a year earlier. Natural gas production taxes have totaled $1.43 billion, up 4.7%.
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