Category Archives: Houston

Houston Faces Ongoing Energy Sector Consolidation

There is much more to the Houston economy than the price of oil, but the low price of oil continues to weigh heavily on the center of the North American oil market. Perversely, the Paris terrorist attacks may have provided … Continue reading

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Energy Sector Consolidation Weighs on Houston

Lower for longer is a painful refrain for the Houston metro area, as the regional economy adjusts to ongoing low oil prices. After bouncing off the high 30s, West Texas intermediate crude oil has settled near $45 per barrel for … Continue reading

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Houston Energy Sector in Consolidation

Houston’s energy sector is consolidating in response to the reset in the global oil market. Drilling, engineering and service companies are reducing operating budgets and reducing staff by the thousands. Not only are drilling crews idled, but everything from automobile … Continue reading

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Houston Feels the Drag from Lower Oil Prices

The Houston economy is showing more evidence that lower oil prices will be a significant drag in 2015. There is still a gap between official data and anecdotal reports of cooling conditions. Over the next few months we expect to … Continue reading

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Lower Oil Prices, a Sea Change for the Houston Economy

As of our mid-December publication date, by virtually any measure, the Houston metro area economy is flourishing. However, significantly lower crude oil prices, now dropping through $60/barrel, represent a sea change for Houston. We expect oil drilling and exploration activity … Continue reading

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Houston Works to Keep Up With Itself

Houston continues to expand at a strong rate. For the year ending in June, payroll employment was up by 3.2 percent, or slightly more than 90,000 jobs. Still, it is fair to say that the Houston-The Woodlands-Sugar Land metropolitan area … Continue reading

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Houston Continues to Roll

The Houston metro area economy continues to be fueled by strong regional and international energy markets. With rising U.S. exports of petroleum products, the linkage between U.S. and international oil prices is strengthening, keeping the pressure on U.S. production and … Continue reading

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Strong Year Ahead for Houston

Strong energy markets and a broadening economic base will drive the Houston economy ahead in 2014. WTI crude oil prices firmed to near $100 per barrel in mid-February. The extreme winter weather in much of the country has increased natural … Continue reading

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Energy Wave Showing Signs of Cresting, Houston Still Strong

The shale boom and subsequent re-emergence of the U.S. as a global leader in petroleum production has placed Houston at the center of rapidly changing global energy markets. The Houston economy has expanded robustly as a result.  Year-over-year payroll job … Continue reading

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Positive Outlook for the Houston Economy

The Houston metro area is enjoying high employment growth. Houston payroll employment grew 3.8 percent year over year in Q2, which is more than double the growth of the U.S. of 1.6 percent. The unemployment rate increased slightly to 6.3 … Continue reading

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