Oil and gas producers in Texas are doing more with less, but this has a negative side as companies need fewer workers on their payrolls, an economist said. Karr Ingham, a petroleum economist for the Texas Alliance of Energy Producers, said the pace of expansion in the Texas energy sector has been extraordinary. “What makes this one unique is the sheer amount of crude oil and natural gas produced in the state – and the growth rates in production – at lower levels of activity compared to the peak levels from the previous growth cycle,” he said in a statement. The number of rigs deployed across the state is increasing, as are payrolls, though employment is below the […]