Federal Trade Secrets Bill May Offer Little Relief to Industries in Texas

Reprinted with permission from The Texas Lawbook. Any opinions in this article are not those of Winston & Strawn or its clients. The opinions in this article are the author’s opinions only.

The Texas Alliance of Energy Producers says the state lost about 84,000 oil and gas jobs in roughly the past 16 months. In Houston, research from the Greater Houston Partnership suggests that one-in-three oilfield services jobs have been cut and one-in-five jobs lost in the energy sector more broadly. Although the price of oil recently has shown positive signs, conditions in the field support a more negative forecast. According to Baker Hughes’ rig data for the United States, 2016 started with 536 working oil rigs, and by mid-April only 343 remain, a decline of 36 percent.

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