Employment in Texas’ oil and gas industry declined slightly over the past few months as the industry continued to see declining production in the third quarter, according to a recent report by the Federal Reserve Bank of Dallas.
Twenty-three percent of oil and gas companies reported layoffs in the third quarter compared to 18 percent in the second quarter, indicating a modest decline in employment from July to September, according to the Dallas Fed. The majority of the job cuts came in the oilfield…
