This May 9, 2012 file photo shows a drilling rig near Kennedy, Texas.

Energy & Environment

Weekly Oil Market Crash Update: Texas Oil And Gas Industry Still Contracting, But Some Indicators Show Recovery On The Way

Posted on · The industry has seen some slight gains, but the workforce has been shrinking for at least a year according to the latest Texas Petro Index. Plus more losses in the third quarter in oilfield services, and Republican Jim Wright will become the state's next oil and gas regulator.

The sun sets behind an idle pump jack near Karnes City, Texas, Wednesday, April 8, 2020. Demand for oil continues to fall due to the new coronavirus outbreak.
Page 1 of 11