Texas is on Track to Shatter 46-Year-Old Oil Production Record

Houston Chronicle, July 27, 2018

Texas is on track to shatter its nearly 50-year-old record for oil production, but it’s doing so with far fewer employees and rigs at work than before the 2014 collapse in crude prices.

Major oil and gas companies are reaping multibillion-dollar quarterly profits again as oil prices have rebounded. Greater efficiencies and technological advancements developed in recent years are helping them send more of those dollars back to their investors rather than to returning workforce levels to previous highs.

This is a transformational shift,” Texas petroleum economist Karr Ingham said. “We’re breaking production records with tens of thousands fewer employees.

Click here to read the full article from Houston Chronicle.

Comments and Discussion

There are no comments yet.

Add a Comment

Please log in or register to participate in comments and discussions.

Inspectioneering Journal

Explore over 20 years of articles written by our team of subject matter experts.

Company Directory

Find relevant products, services, and technologies.

Job Postings

Discover job opportunities that match your skillset.

Case Studies

Learn from the experience of others in the industry.

Event Calendar

Find upcoming conferences, training sessions, online events, and more.

Industry News

Stay up-to-date with the latest inspection and asset integrity management news.


Read short articles and insights authored by industry experts.


Commonly used asset integrity management and inspection acronyms.

Asset Intelligence Reports

Download brief primers on various asset integrity management topics.


Watch educational and informative videos directly related to your profession.

Expert Interviews

Inspectioneering's archive of interviews with industry subject matter experts.