Upstream Oil and Gas Employment Loss Worse than Previously Reported According to Texas Alliance of Energy Producers

Job estimates reflected in October 2020 Texas Petro Index, which declined for the 20th straight month to 139.9

AUSTIN, Texas (Dec. 9, 2020)—Oil and gas industry job losses in Texas are worse than previously reported, based on updated employment estimates from the Federal Reserve Bank of Dallas and the Texas Alliance of Energy Producers.

Texas Petro Index Remains in Decline, But Rigs and Employment Have Turned the Corner

AUSTIN, Texas (Nov. 2, 2020)—The Texas upstream oil and gas economy remains in contraction through the third quarter 2020 according to the Texas Alliance of Energy Producers’ Texas Petro Index (TPI). The statewide exploration and production activity index declined for the 19th straight month in September, falling to 145.4 for the month down from 150.4 in August, and down by 27.5% compared to the September 2019 TPI of 200.6. Most recently, the Texas Petro Index peaked at 213.8 in February 2019, and has lost some 32% of its value since then. The TPI achieved its all-time record high of 313.9 in November 2014.

Spotlight on the Issues Webinar Features Texas Comptroller Glenn Hegar

Don’t miss the next Spotlight on the Issues Webinar featuring Texas Comptroller Glenn Hegar on November 12, 2020 at 2:00 pm

AUSTIN, Texas (Oct. 27, 2020)—Please join the Alliance for an engaging discussion with Texas Comptroller Glenn Hegar. Pre-registration is required to attend.

Alliance Partners With Data Gumbo to Deliver Blockchain-Powered Smart Contracts

Technology Supports Financial Clarity and Production Decisions for Texas Independent Oil and Gas Producers

AUSTIN, Texas (Oct. 20, 2020)—The Texas Alliance of Energy Producers is pleased to announce its new partnership with Data Gumbo, the trusted industrial blockchain network, to provide real-time Lease Operating Expense (LOE) payments and other services to Texas oil and gas operators. The partnership will deploy GumboNet™, Data Gumbo’s massively interconnected blockchain network, to members of the Alliance to power smart contracts across energy production to support cost savings and efficiencies in commercial transactions. The new program comes to the Alliance through its long-standing relationship with OneStar Insurance Services.