FORT WORTH – Former U.S. Secretary of Energy Dan Brouillette today headlined the 2023 Texas Oil & Gas Association (TXOGA) North Texas Energy Summit where business and community leaders from across North Texas convened to hear from state and federal leaders as well as energy and economic experts.
Tag: news
Upstream Texas Oil and Natural Gas Employment Surges in May with Highest Single-Month Growth
AUSTIN – Newly-released data from the Texas Workforce Commission (TWC), subject to customary data revisions in the coming months, shows that upstream oil and natural gas employment in the state surged by 6,900 jobs in May, the highest single-month reported job growth in the 33 years of data available on TWC’s website.
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TXOGA Analysis of Texas’ Economy Finds Reasons for Optimism
AUSTIN – The Dallas Federal Reserve Bank recently reported in May that Texas’ economic expansion has slowed, and the business outlook has weakened.
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TXOGA Statement on Governor Abbott’s Call for a Special Legislative Session Prioritizing Property Tax Relief
AUSTIN – Todd Staples, President of the Texas Oil & Gas Association (TXOGA) today issued a statement following Governor Greg Abbott’s call for a special legislative session prioritizing property tax relief through property tax rate compression
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TXOGA Safety Group Members Earn $2.12 Million Dividend from Texas Mutual
AUSTIN – The Texas Oil & Gas Association’s (TXOGA) Safety Group today announced that companies who are members collectively earned $2.12 million in dividends from Texas Mutual Insurance Company for prioritizing workplace safety and keeping the group’s loss ratio low.
Upstream Oil and Gas Employment Continues Growth in April, Nears 200,000
AUSTIN – Data released by the Bureau of Labor Statistics and Texas Workforce Commission indicates that upstream oil and natural gas employment in Texas saw continued growth in April, edging up by 700 jobs and bringing the job count to within striking distance of 200,000 for the first time in over three years.
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Residential and Business Consumers Unite! Texans Demand Firm Caps on Performance Credit Mechanism Tax to Protect Electricity Ratepayers
AUSTIN – Organizations representing electricity consumers statewide are demanding a meaningful cap on the proposed Performance Credit Mechanism (PCM) scheme that will impose billions of dollars in increased costs for Texas consumers if left uncapped. The PCM offers no guarantee of increased capacity or improved reliability and lacks consumer protections and spending oversight.
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TXOGA Statement on HB 5 Senate Hearing
“Texas has long been a business leader, recently winning Site Selection’s Governor’s Cup for the 11th year in a row and being named the Best State for Business for a record 19 years in a row by Chief Executive Magazine.
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TXOGA Statement on Electricity Market Assessment that Shows PCM Would Cost Consumers Billions with No Guarantee of New Capacity
“Reliability in our electric grid is essential to meet Texans’ basic needs, but so is controlling extreme costs.
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Final Electricity Market Assessment Finds Performance Credit Mechanism Would Cost Consumers Billions Annually with No Guarantee of Any New Capacity
AUSTIN – The proposed Performance Credit Mechanism (PCM) being considered among ERCOT market reform options “would entail billions in costs for customers without a meaningful improvement in reliability,” according to the final results of an Assessment of ERCOT Market Reform Alternatives, prepared by Bates White Economic Consulting, a firm with 25-years of experience in providing advanced economic, financial, and econometric analyses to law firms, companies, and government agencies.
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TXOGA Statement on House Passage of HB 5
AUSTIN – Todd Staples, President of the Texas Oil & Gas Association (TXOGA) today issued a statement on the House passage of HB 5, the Texas Jobs & Security Act, authored by Chairman Todd Hunter, which would create a new, modern economic development program
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TXOGA Announces Hiring of New Chief Economist
AUSTIN – The Texas Oil & Gas Association (TXOGA) today announced the hiring of Dr. Dean Foreman as Chief Economist. Todd Staples, President of TXOGA, issued the following statement
TXOGA Joins Industry Groups In Creation of Texas CARES
AUSTIN – Earlier this month, the Texas Oil & Gas Association (TXOGA), along with industry groups such as the Texas Association of Manufacturers (TAM), Texas Chemical Council (TCC) and Texas Industrial Energy Consumers (TIEC) formed a new coalition called Texas Consumers for Affordable and Reliable Electricity Solutions (Texas CARES).
Upstream Oil and Natural Gas Employment in Texas Sees Growth in March
AUSTIN – Data released by the Bureau of Labor Statistics and Texas Workforce Commission indicates that upstream oil and natural gas employment in Texas saw growth in March, with the sector adding an additional 1,500 jobs.
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TXOGA Statement in Support of CSSB 2012
AUSTIN – Todd Staples, President of the Texas Oil & Gas Association (TXOGA) today issued the following statement in support of CSSB 2012, related to the electricty market and performance penalties, which will be heard today in the House State Affairs Committee
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Legislature Eyes Carbon Capture, Storage Proposals to Drive Investment in Growing Industry
The following article was written by Brad Johnson and was originally published by the The Texan on March 22, 2023:
Upstream Oil and Gas Employment in Texas Continues to Grow in January
AUSTIN – Data released by the Bureau of Labor Statistics and Texas Workforce Commission indicates that upstream oil and gas employment in Texas continues to grow, with the sector adding an additional 1,700 jobs in January.
Hundreds of Texans, 60+ Partner Organizations Gather in Austin for Texas Energy Day @ the Capitol
AUSTIN – Hundreds of Texans, including employees, partners and supporters of the Texas energy industry, convened in Austin today for Texas Energy Day @ the Capitol, an event sponsored by more than 60 companies, associations and chambers of commerce from across the state to reinforce the importance of the oil and natural gas industry to our state and nation’s economic and energy security.
Texas Oil and Natural Gas Legislative District Vital Statistics
Each Legislative Session, TXOGA releases vital statistic 1-pagers for every Texas legislative district reflecting the positive influence of oil and natural gas, including jobs and revenue generated by this industry
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TXOGA Statement in Support of Texas Jobs and Security Act
AUSTIN – Todd Staples, President of the Texas Oil & Gas Association (TXOGA) today issued the following statement in support of HB 5, the Texas Jobs and Security Act filed by Chairman Todd Hunter: “Thank you to Texas House Speaker Dade Phelan and Chairman Todd Hunter for moving the Lone Star State in the right
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Newly Published Assessment Finds Performance Credit Mechanism Would Cost Consumers $5.7 Billion Annually; Dispatchable Reliability Reserve Service Would be More Effective at a Fraction of the Cost
AUSTIN – The proposed Performance Credit Mechanism being considered among ERCOT market reform options, “would entail billions in costs for customers without a meaningful improvement in reliability,” according to an Assessment of ERCOT Market Reform Alternatives, prepared by Bates White Economic Consulting, a firm with 25-years of experience in providing advanced economic, financial, and econometric analyses to law firms, companies, and government agencies.