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HOUSTON (Connect Daily Texas) – February 1, 2019 – Two of the nation’s largest oil companies are doubling down on Texas, pouring billions of dollars into refineries. Chevron USA Inc. has inked an agreement with Petrobras America Inc. to acquire Pasadena Refining Systems Inc. for $350 million. The deal includes all outstanding shares and equity […]
HOUSTON (Houston Chronicle) – January 15, 2019– A near-term forecast indicates continued overall economic growth in Houston but warns that manufacturing growth may slow over coming months. The Houston Purchasing Manager’s Index reported that manufacturing activity in Houston expanded in December for the 15th consecutive month, and overall economic activity expanded for the 29th month. The […]
HOUSTON (BISNOW) January 8, 2019 – Houston’s industrial market closed 2018 strong, with overall vacancy at a 10-quarter low of 5%, decreasing by 10 basis points quarter-over-quarter. Industry leaders expect the market to keep that same energy into the new year. Demand for industrial space remained healthy as 3.4M SF was absorbed in Q4, pushing the year-end total to […]
WASHINGTON (U.S. Department of the Interior) – December 7, 2018 – According to the U.S. Department of the Interior, an assessment by U.S. Geological Survey (USGS) has found a portion of the Permian Basin contains an estimated mean of 46.3 billion barrels of oil, 281 trillion cubic feet of natural gas, and 20 billion barrels […]
SPRING (Houston Business Journal) – November 2, 2018 – Hewlett Packard Enterprise will break ground on a two-building campus in the Springwoods Village community in fourth quarter 2019. The company has preleased 568,000 sf for its new campus, representing the largest office deal in the Houston area this year. The project will be at the […]