Texas Oil Jobs Dip Despite $110 Oil Prices-What It Means for Local Economies

Texas oil and gas employment dipped at the start of the year, according to new industry data. Analysts say uncertainty tied to global conflicts and fluctuating oil prices led some companies to pause new drilling. About 600 upstream jobs were lost in January statewide, though job postings remain strong. Oil prices have surged above 110 dollars a barrel, which could encourage future investment. Industry leaders say Texas remains well‑positioned despite short‑term volatility. Local unemployment rates in areas like San Angelo remain below the state average.