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Story summary
- Texas' oil and gas industry rebounded after COVID-19, with record drilling and profits by 2024.
- U.S. President Donald Trump proposed lowering oil prices to $50 per barrel, disrupting momentum and the state's economy.
- Experts warn reduced prices may cut tax revenue and cost jobs, especially in Permian Basin.
- Industry leaders remain divided about profitability, as some note drilling efficiencies while others warn that prices below $62 per barrel threaten layoffs.
