Texas easing out of downturn, oil association leader says
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February 22, 2017
AUSTIN, Texas (AP) — Texas' oil and natural gas industry added 4,700 new jobs between September and December last year and is starting to "ease out of the dramatic downturn."
That's the message from Texas Oil and Gas Association President Todd Staples, anyway.
On a conference call Tuesday, Staples said that, despite the downturn, his industry paid $9.4 billion in state and local taxes and royalties in fiscal year 2016.
The energy sector lost nearly 100,000 jobs statewide as oil prices crashed from 2014's $110-plus per barrel peak to less than $30 last year. They're improving, but Staples said...
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