Houston oil and gas industry expected to cut 3,200 jobs in 2026 as prices pressure drilling
A Greater Houston Partnership forecast says upstream oil and gas companies are likely to cut about 3,200 jobs in 2026 as lower crude prices slow drilling, with manufacturing and administrative support sectors also losing thousands of positions. Even so, the region is projected to add nearly 31,000 net jobs overall, led by health care, construction, education and professional services.