A new report from the Texas Independent Producers & Royalty Owners Association (TIPRO) reports that the oil and gas industry supported 321,455 direct jobs in the state of Texas during the first six months of 2020, representing an estimated decrease of over 39,500 jobs compared to the previous year. Oil and gas jobs in Texas paid 130% higher wages than the private sector, with annual industry wages averaging $134,000 and state payroll totaling $43 billion, a decrease of $400 million in direct oil and gas payroll compared to 2019, cites new findings from the TIPRO report.

Texas oil and natural gas production increased in the first half of 2020 compared to the same period in 2019, with a clear decline in production when comparing midyear 2020 production to output from the third and fourth quarters of 2019.