Citing the latest Current Employment Statistics (CES) report from the U.S. Bureau of Labor Statistics (BLS), the Texas Independent Producers and Royalty Owners Association (TIPRO) today highlighted new employment figures showing a decrease in upstream employment in Texas in the month of June following two months of consecutive job growth. According to TIPRO’s analysis, direct Texas upstream employment for June totaled 205,400, a decline of 2,700 industry positions from May employment numbers. This represented an increase of 200 jobs in oil and gas extraction and a decrease of 2,900 jobs in the services sector.
TIPRO says fluctuations in monthly employment are normal and subject to revisions with CES data, noting demand for talent in the Texas upstream sector remains high. TIPRO also points to recent policy developments that will support the continued expansion of domestic production and energy infrastructure in the coming years.
TIPRO’s new workforce data indicated strong job postings for the Texas oil and natural gas industry. According to the association, there were 8,457 active unique jobs postings for the Texas oil and natural gas industry last month, compared to 8,157 postings in May, and 3,533 new postings, compared to 3,050 in the previous month. In comparison, the state of Pennsylvania had 2,689 unique job postings in June, followed by California (2,555), New York (2,265) and Ohio (2,201). TIPRO reported a total of 51,661 unique job postings nationwide last month within the oil and natural gas sector, including 21,861 new postings.
Additionally, TIPRO highlights recent data from the U.S. Energy Information Administration (EIA) showing crude oil production in Texas continues to climb, rising 1.8 percent in April to 5.77 million barrels per day. Monthly production of natural gas also grew in Texas in the month of April by 1.2 percent to a record 37 billion cubic feet per day (bcf/d). According to the EIA, the prior record for Texas was 36.56 bcf/d set in March. Although oil and gas output in Texas and nationwide has reached record highs this year, analysts from the EIA caution production growth could be slowing down, as energy producers ease drilling and completion activity as a result of market uncertainties and price volatility.
Finally, TIPRO emphasizes a major policy victory this month with the passage of the One Big Beautiful Bill (OBBB). Key benefits include:
Streamlines permitting for federal energy projects.
Restores certainty to the LNG export approval process.
Mandates onshore and offshore oil and gas lease sales.
Allows commingling of onshore and offshore production on federal lands.
Delays the methane fee until 2035.
Protects industry tax treatment such as intangible drillings costs (IDCs), carried interest and percentage depletion.
“The OBBB marks a major win for domestic producers across the country and restores balance to national energy policy,” said Ed Longanecker, president of TIPRO. “By establishing a streamlined permitting process, rolling back costly regulations and providing certainty to federal leasing, this legislation ushers in a new era of American energy dominance, with Texas continuing to lead the way,” concluded Longanecker.
