Texas adds 35,800 jobs in July, but oil and gas employment still muddled in...
The Fed said that Texas gained 35,800 jobs broadly across the economy, and raised its state employement forecast up a fraction to 1.3 percent. That put total forecasted job growth in the state to...
View ArticleMany Texas manufacturers see conditions worsening amid cheap crude
Many respondents were still wary over whether manufacturing in the state could recover amid the low crude prices hammering companies catering to the oil and gas industry.
View ArticleTexas manufacturing picks up for the first time in months, but outlook is...
The Fed's data showed a continuing pall over the outlook for the Texas manufacturing sector, hit hard by a collapse in crude oil prices and a pullback in drilling activity in the state's biggest shale...
View ArticleTexas manufacturing picks up again, but pall over sector remains
Despite some progress, most executives saw negative or flat new orders in November, and a majority said that general business activity in Texas remained gloomy.
View ArticleDallas Fed says U.S. has lost 70,000 oil jobs in the past year
The Dallas Fed also says in a new report that the nine oil industry bankruptcies in the final three months of the year are the most in one quarter since the Great Recession.
View ArticleTexas job growth imperiled as crude sinks below $30
U.S. crude briefly fell below $30 a barrel on Tuesday, dropping $1.48 to $29.93 a barrel in midday trading on the New York Mercantile Exchange. That’s the lowest intra-day trading level since December...
View ArticleTexas manufacturing declines fastest in 11 years, Fed says
Texas manufacturing activity fell the fastest in 11 years this month as crude prices crashed and the dollar rose, the Federal Reserve Bank of Dallas said Monday, after several months of reporting signs...
View ArticleTexas service industries also feeling sting from oil price crash
Most business owners that the Fed surveyed indicated they were becoming increasingly pesmistic about the Texas economy in the face of falling oil prices.
View ArticleDallas Fed: Texas economy pinched in oil-heavy regions, but still growing
More businesses are going bankrupt and unemployment is on the rise in parts of Texas with strong ties to the battered oil and gas industry, but overall, the state’s economy is still growing, the Dallas...
View ArticleWorst of oil slump is behind us, Dallas Fed says
The oil industry has been saying for months that the worst of the oil bust is over. Now the Fed is too. Tuesday, the Federal Reserve Bank of Dallas said that jobs in the state increased 3.2 percent in...
View ArticleEnergy firms improve outlook, despite OPEC doubts
By Rye Druzin, San Antonio Express-News Oil and gas producers and service operators are hoping to continue their upward momentum in 2017 as oil and gas prices stabilize, according to a new survey. More...
View ArticleFed survey: Texas oil producers whittle down costs, boost output
In Texas and Oklahoma, oil companies can wring money out of newly drilled wells in major basins for less than $50 a barrel, a new Dallas Fed survey says. As producers cut down on drilling time and pump...
View ArticleMore oil: Permian keeps on drilling
Drillers in the Permian Basin just keep cranking out more oil. Crude production in the Permian increased by 57,700 barrels per day from February to March, according to a new report from the Federal...
View ArticleTexas oil jobs climbing amid drilling surge
Texas oil companies expanded payrolls for the third month in a row in March amid a surge in drilling activity, the Dallas Fed says. The number of oil and gas jobs in the state rose by 3,500 to 211,700...
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