Live Commodities
Live Commodities
Symbol (CFDs)
Month
Last
Prev.
High
Low
Chg.
Chg. %
Time
Apr 24
81.31
81.49
81.58
81.17
-0.29
-0.36%
02:44:28 | Energy
Mar 24
76.33
76.53
76.60
76.17
-0.31
-0.40%
02:44:18 | Energy
Mar 24
1.621
1.611
1.625
1.609
+0.012
+0.75%
02:43:48 | Energy

TIPRO News Releases and Statements

Permian to buck national trend of falling output

US crude oil and natural gas production are expected to across the nation’s Lower 48 shale basis in February, according to the US Energy Information Administration.

Except for the mighty Permian Basin, that is.

According to the EIA’s latest Drilling Productivity Report, oil output from the Permian Basin is expected to rise 5,000 barrels per day from January to February.

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Texas Upstream Employment, Permian Production and Energy Infrastructure Expand

Austin, Texas – 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 an increase in upstream employment for the month of December 2023. According to TIPRO’s analysis, direct Texas upstream employment for December totaled 211,700, an increase of 3,100 jobs from revised November employment numbers. Texas upstream employment in December 2023 represented the addition of 15,300 positions compared to December 2022, including an increase of 2,000 jobs in oil and natural gas extraction and 13,300 jobs in the services sector.

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Demand for Talent Remains Strong in Texas Upstream Sector

Austin, Texas – 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 decline in upstream employment for the month of November. According to TIPRO’s analysis, direct Texas upstream employment for November 2023 totaled 210,700, a decrease of 800 jobs from revised October employment numbers. TIPRO notes that monthly fluctuations are normal and that annual employment trends overall remained strong in the industry throughout 2023. Texas upstream employment in November 2023 represented the addition of 14,700 positions compared to November 2022, including an increase of 2,200 jobs in oil and natural gas extraction and 12,500 jobs in the services sector.

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Permian Basin Producers: Charting a Cleaner Energy Future

Austin, Texas – Today, Texans for Natural Gas (TNG), an educational campaign of the Texas Independent Producers and Royalty Owners Association (TIPRO), released a new report highlighting the diligent work of Texas oil and natural gas producers in significantly and consistently reducing methane emissions. The report emphasizes the decade-long downward trend in methane intensity—reaching a record low of 0.12 percent in 2022 while simultaneously reaching record production levels.

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Texas Upstream Employment Increases With Record Permian Basin Production

Austin, Texas – 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 an increase in upstream employment for the month of October. According to TIPRO’s analysis, direct Texas upstream employment for October 2023 totaled 212,900, an increase of 2,200 jobs from September employment numbers. Texas upstream employment in October 2023 represented the addition of 19,200 positions compared to October 2022, including an increase of 2,500 jobs in oil and natural gas extraction and 16,700 jobs in the services sector.

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Texas Upstream Employment Increases While Geopolitical Conflicts Underscore Critical Importance of Domestic Energy Production

Austin, Texas – 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 an increase in upstream employment for the month of September. According to TIPRO’s analysis, direct Texas upstream employment for September 2023 totaled 210,700, an increase of 1,700 jobs from revised August employment numbers.

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Upstream Employment Increases and Demand Remains Strong for Oil and Gas Talent

Austin, Texas – 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 an increase in upstream employment for the month of August. According to TIPRO’s analysis, direct Texas upstream employment for August 2023 totaled 208,500, an increase of 1,200 jobs from July employment numbers.

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Demand for Texas Oil and Gas Talent Remains Strong

Austin, Texas – 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 decline in Texas upstream employment following four months of consecutive growth. According to TIPRO’s analysis, direct Texas upstream employment for July 2023 totaled 206,600, a decrease of 2,100 jobs from adjusted June employment numbers.

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Industry Innovator and Leader, Allen Gilmer, Honored With TIPRO Award

Austin, Texas – During the Texas Independent Producers and Royalty Owners Association’s (TIPRO) 2023 Summer Conference in San Antonio this week, TIPRO recognized Allen Gilmer as the 2023 Mr. TIPRO award honoree for his outstanding service to the Texas oil and natural gas industry, loyalty to the association and inspiring innovation and leadership. 

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Texas Energy Sector Employment Growth Continues

Austin, Texas – 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 an increase in Texas upstream employment last month. According to TIPRO’s analysis, direct Texas upstream employment for June 2023 totaled 208,000, an increase of 2,500 jobs from adjusted May employment numbers.

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Texas’ Pro-Business Environment Supports Economic Growth and Energy Security

Austin, Texas – 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 significant gain in Texas upstream employment last month. According to TIPRO’s analysis, direct Texas upstream employment for May 2023 totaled 206,000, an increase of 6,900 jobs from adjusted April employment numbers. Texas upstream employment in May 2023 represented the addition of 22,700 positions compared to May 2022, including an increase of 2,700 jobs in oil and natural gas extraction and 20,000 jobs in the services sector. TIPRO’s new employment data yet again indicated strong job postings for the Texas oil and natural gas industry during the month of May. According to the association, there were 13,779 active unique jobs postings for the Texas oil and natural gas industry in…

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TIPRO Reports Growth in Oil and Gas Employment and Emphasizes Need for Federal Permitting Reform

Austin, Texas – 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 gain in Texas upstream employment last month. According to TIPRO’s analysis, direct Texas upstream employment for April 2023 totaled 199,400, an increase of 700 jobs from March employment numbers. Texas upstream employment in April 2023 represented the addition of 17,600 positions compared to April 2022, including an increase of 1,700 jobs in oil and natural gas extraction and 15,900 jobs in the services sector. TIPRO’s new employment data yet again indicated strong job postings for the Texas oil and natural gas industry during the month of April. According to the association, there were 15,127 active unique jobs postings for the Texas oil and natural gas industry in April, including 5,011 new job postings added in the month by…

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TIPRO Highlights Increase in Oil and Gas Employment, Job Postings and Production

Austin, Texas – 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 gain in Texas upstream employment last month. According to TIPRO’s analysis, direct Texas upstream employment for March 2023 totaled 198,700, an increase of 1,500 jobs from revised February employment numbers. Texas upstream employment in March 2023 represented the addition of 20,000 positions compared to March 2022, including an increase of 1,100 jobs in oil and natural gas extraction and 18,900 jobs in the services sector. TIPRO’s new employment data yet again indicated strong job postings for the Texas oil and natural gas industry during the month of March. According to the association, there were 14,491 active unique jobs postings for the Texas oil and natural gas industry in March, including 6,193 new job postings added in the month by companies. March active unique job postings reflect a 21 percent increase compared to February…

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Texas Comptroller Glenn Hegar Honored With TIPRO Award for Championing Texas Economy and Energy

Austin, Texas – During the Texas Independent Producers and Royalty Owners Association’s (TIPRO) 77th Annual Convention in Austin this week, TIPRO proudly recognized Texas Comptroller Glenn Hegar as the 2023 TIPRO Hats Off Award honoree for his dedicated support of policies that have protected and promoted the long-term growth of the state economy and fueled prosperity of the Texas oil and gas industry. Since first being elected in 2014 as Texas’ chief financial officer, Hegar has championed Texas’ financial health and ensured a strong economy remains in the Lone Star State. In recent years, as the CFO of the world’s ninth-largest economy, the comptroller has wisely controlled the finances of the Texas government and carefully managed the state budget, which today is projected to hold record levels. He has also continuously demonstrated his commitment to defend the energy sector, a leading contributor to the economy — joined by other state leaders, Comptroller Hegar has defended the industry from hostile attacks pushed by Washington…

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TIPRO Highlights Strong Oil and Natural Gas Job Postings in February

Austin, Texas – 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 slight decline in monthly employment for the Texas upstream sector during the month of February, but overall continued demand for available talent throughout the industry.  According to TIPRO’s analysis, direct Texas upstream employment for February 2023 totaled 197,900, a decrease of 700 jobs from January employment numbers. TIPRO indicates that this drop in employment is likely a statistical anomaly given the positive job posting data for the month, workforce trends and that revised CES numbers will ultimately likely show an uptick in upstream employment in February. Texas upstream employment in February 2023 represented the addition of 20,100 positions compared to February 2022, including an increase of 900 jobs in oil and natural gas extraction and 19,200 jobs in the services…

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TIPRO HIGHLIGHTS CONTINUED UPSTREAM EMPLOYMENT GROWTH IN JANUARY

Austin, Texas – 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 continued growth in monthly employment for the Texas upstream sector and continued demand for available talent throughout the industry.  According to TIPRO’s analysis, direct Texas upstream employment for January 2023 totaled 198,100, an increase of 1,700 jobs from revised December employment numbers. Texas upstream employment in January 2023 represented the addition of 24,000 positions compared to January 2022, including an increase of 1,600 jobs in oil and natural gas extraction and 22,400 jobs in the services sector. The Houston metropolitan area, the largest region in the state for industry employment, showed an increase of 700 upstream jobs in January compared to December, for a total of 66,400 direct positions, according to TIPRO. Houston metro upstream employment in January 2023 represented an increase of 6,200 jobs compared to January 2022, including an increase of 400 in oil and natural gas extraction and 5,800 jobs in the services…

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TIPRO RELEASES “2023 STATE OF ENERGY REPORT”

Austin, Texas – The Texas Independent Producers & Royalty Owners Association (TIPRO) today released the eighth edition of its “State of Energy Report,” offering a detailed analysis of national and state trends in oil and natural gas employment, wages and other key economic factors for ​the energy industry in 2022. TIPRO’s “State of Energy Report” series was developed to quantify and track the economic impact of domestic oil and natural gas production with an emphasis on the state of Texas. “Despite facing a number of unique challenges, including supply chain bottlenecks, inflationary pressures, workforce shortages and an adversarial federal policy environment, the U.S. oil and gas industry continued to offer significant economic support in 2022,” said Jud Walker, chairman of TIPRO and president and CEO of EnerVest, Ltd. “Oil and natural gas development, led by Texas operators, will play an important role in meeting growing global energy demand for decades to come under any realistic scenario,” added Walker. According to TIPRO, the industry…

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TIPRO HIGHLIGHTS CONTINUED UPSTREAM EMPLOYMENT GROWTH IN DECEMBER

Austin, Texas – 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 continued growth in monthly employment for the Texas upstream sector and strong demand for available talent throughout the industry.  According to TIPRO’s analysis, direct Texas upstream employment for December 2022 totaled 211,200, an increase of 1,300 jobs from November employment numbers, subject to revisions. Texas upstream employment in December 2022 represented the addition of 36,100 positions compared to December 2021, including an increase of 7,000 jobs in oil and natural gas extraction and 29,100 jobs in the services sector. The average monthly gain in Texas upstream employment last year was 3,127. TIPRO’s new employment data also indicated…

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TIPRO STATEMENT ON EPA OMITTING PERMIAN AIR QUALITY REDESIGNATION FROM REGULATORY AGENDA

Austin, Texas – This week, the Biden Administration released its latest regulatory agenda, outlining planned rulemakings and federal action for the coming months and beyond. Within the new regulatory agenda, the U.S. Environmental Protection Agency (EPA) seemingly has dropped its pursuit of imposing “discretionary redesignation” of air quality conditions in the Permian Basin. The following statement regarding this regulatory development can be attributed to Ed Longanecker, president of the Texas Independent Producers and Royalty Owners Association (TIPRO): “We are relieved to learn that the EPA at this time has decided not to pursue policy changes that would designate portions of the Permian Basin as being in ‘nonattainment’ of federal air standards, something our association has fiercely advocated against. Over the past several years, our industry has made monumental steps in reducing air pollutants, and oil and gas producers are already taking the…

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TEXANS FOR NATURAL GAS RELEASES ANNUAL METHANE INTENSITY ANALYSIS, FINDING SIGNIFICANT REDUCTIONS IN PERMIAN BASIN

Austin, Texas – Texans for Natural Gas (TNG), a project of the Texas Independent Producers and Royalty Owners Association (TIPRO), released its annual methane emissions intensity analysis today, finding the Permian Basin’s rate has fallen by more than 76 percent from 2011 to 2021, even as production increased by over 345 percent in the same period. Year over year, from 2020 to 2021, methane intensity in the Permian fell by 20 percent – a significant reduction over the course of just one year.The analysis, Permian Basin Producers: Charting A Cleaner Energy Future, is TNG’s fourth report on methane and flaring intensity in the Permian Basin. The report utilizes data from the World Bank, Energy Information Administration (EIA), Environmental Protection Agency (EPA) and Rystad Energy to show how Permian producers are leading the world when it comes to responsibly meeting the world’s growing energy dem…

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