Report: Texas oil and gas industry broke multiple records in 2024
The Texas oil and natural gas industry broke multiple records in 2024, from production, to job creation, to taxes and royalties it paid, according to a new report published by the Texas Independent Producers & Royalty Owners Association (TIPRO).
In Texas, the industry led the U.S. in nearly every category, including having the most people employed in the industry.
Texas accounts for 23% of all oil and natural gas jobs in the U.S., supporting 480,460 directly last year, with direct and indirect jobs totaling nearly 2.8 million, according to the analysis.
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Source: AOL
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