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COLLEGE STATION (Real Estate Center) – April 22 2016 – Texas’ economy is slowly recovering from the impact of the 2015 oil price collapse. The state gained 181,800 nonagricultural jobs from March 2015 to March 2016, an annual growth rate of 1.5 percent, lower than the nation’s growth rate of 2 percent. The nongovernment sector added 148,400 […]
Houston (Houston Chronicle)-March 24, 2016-The Houston area added more people last year than any metropolitan region in the country, continuing its exceptional growth of the last decade and a half, according to new U.S. Census Bureau data released Thursday. Combined, the greater Houston metropolitan area, which includes Houston, The Woodlands and Sugar Land, grew by […]
OIL PRO-(By Joseph Triepke)-March 23, 2016-This downturn is about 67 weeks old. In only 12 of those 67 weeks has the US onshore oil rig count registered an increase. Last week was one of those with the onshore oil rig count leaning into the wind and rising by one unit. This was the first weekly […]
COLLEGE STATION (Real Estate Center) -March 22, 2016– The latest revised Texas employment data indicates that the worst of the oil price collapse’s impact on the Texas economy may be over. The state gained 188,500 nonagricultural jobs from January 2015 to January 2016, an annual growth rate of 1.6 percent, lower than the nation’s growth rate […]
OIL PRO (by Joseph Triepke) -March 14, 2016- A rig drilling today is not the same as a rig drilling 100, 50 or even 10 years ago. Leaps in modern drilling rig efficiency and productivity (as well as capital intensity) is something we’ve written about repeatedly over the past several years. But the one constant […]