Job losses among oil and gas workers in Texas, resulting from sustained low oil and gas prices, could be even more severe than initial grim estimates indicate, an economist who tracks the energy industry in the Lone Star State said this week. Karr Ingham, who prepares the Texas Petro Index for the Texas Alliance of Energy producers, said in a statement that the Texas Workforce Commission reported that through September the upstream oil and gas industry has lost about 30,000 jobs since employment in the sector peaked last December at 305,000 jobs. But, Ingham cautioned that actual job losses in the sector could far exceed the estimate he develops each month for the TPI, if a different TWC data set proves to be accurate. “We use two data sets from the TWC’s Current Employment Statistics series in calculating the TPI, because it is monthly and timely and reflects the […]