Business

Texas upstream oil, natural gas continues employment uptick

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AUSTIN—Data from the Texas Workforce Commission suggests that Texas upstream oil and natural gas employment expanded by 3,100 jobs in June—the fifth best single-month performance in over five years. Since reaching the low point in employment in September 2020, months with job gains have outnumbered decline months 7-to-2.
Oil & Gas

Texas RRC reports July drilling permits, completion stats

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AUSTIN—The Texas Railroad Commission issued a total of 779 original drilling permits in July 2021 compared to 351 in July 2020. The July 2021 total includes 672 permits to drill new oil or gas wells, 11 to re-enter plugged well bores, and 83 for recompletions of existing well bores.
Oil Rig

Business Briefs

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CANYON—Companies looking for West Texas A&M University student employees can recruit them on campus at an upcoming event. WT’s Back-to-School Job Fair will run from 10:30 am to 1:30 pm on Aug. 26 at the Charles K. and Barbara Kerr Vaughan Pedestrian Mall in the center of the Canyon campus. Registration deadline for companies is at 5 pm on Aug. 20. There is no cost, but registration is required at bit.ly/b2sfair21. During the come-and-go job fair as the 2021-22 school year begins, students will look for part-time employment opportunities both on- and off-campus. “Connecting students with these employers from their early college years will promote greater connections within the community and, ultimately, a better network for our students as they enter the job market,” said Sam Green, senior career services coordinator in WT’s Office of Career and Professional Development. A full list of companies will be available to students via their Handshake account at bit.ly/wtbacktoschool21.
Business Briefs

Bipartisan wildlife proposal would enhance fish and wildlife, add jobs, grow businesses

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AUSTIN—During the pandemic, Texans headed back to nature in record numbers, with more people visiting state parks, hunting, fishing, and boating than ever before. A new congressional proposal aims to tap that exploding interest by investing more than $50 million per year in Texas for wildlife recovery and related public education and recreation, a move expected to boost the state’s already booming nature-based economy into overdrive.
Wildlife

New PIPES Online improves access to RRC pipeline records, enhances transparency

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AUSTIN—In another move to take advantage of improvements in technologies, the Railroad Commission this week launched its new Pipeline Inspection Permitting Evaluation System (RRC PIPES). RRC PIPES is a centralized cloud-based portal, which streamlines agency processes and provides a valuable tool for RRC’s pipeline safety staff and operators to upload documents, including inspection and incident reports, and complaints, while automatically making more documents available to the public.
Pipeline

Biden executive order impacts agriculture

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President Joe Biden signed a new executive order on Friday that could have broad impacts on agriculture and corporate business, covering competition in various industries. While the executive order covers a wide range of industries, specifically to agriculture, a fact sheet [see link below] from the White House says the order:
Farmland

Texas Drilling Permits and Completions Statistics for June 2021

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AUSTIN—The Texas Railroad Commission issued a total of 739 original drilling permits in June 2021, compared to 312 in June 2020. The June 2021 total includes 638 permits to drill new oil or gas wells, seven to reenter plugged well bores, and 84 for recompletions of existing well bores. The breakdown of well types for original drilling permits in June 2021 is 171 oil, 37 gas, 501 oil or gas, 24 injection, and six other permits. RRC staff processed 507 oil, 158 gas, and 128 injection completions for new drills, reentries, and recompletions, compared to 1,031 oil, 300 gas, and 371 injection completions in June 2020. Total well completions processed for 2021 year-to-date for new drills, re-entries, and recompletions are 4,155 compared to 7,930 recorded during the same period in 2020. In the Panhandle area, 10 permits to drill new oil/gas holes were issued and seven new gas completions were reported during the month. Detailed data on drilling permits and well completions can be found online at www.rrc.texas.gov.
Oil & Gas

City Sales & Use Tax Comparison Summary

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AUSTIN—Texas Comptroller Glenn Hegar announced today he will send cities, counties, transit systems, and specialpurpose taxing districts $893.2 million in local sales tax allocations for July, 20 percent more than in July 2020. These allocations are based on sales made in May by businesses that report tax monthly.
Sales Tax
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