texas economy

U-Haul Names Texas Leader for U.S. Growth

U-Haul named Texas the nation’s number one growth state for 2017, marking the second consecutive year the Lone Star State nabbed the top spot in the truck rental company’s annual migration trends report which analyzes domestic relocation patterns.

U-Hual

Texas 2018 Economy ‘Firing on All Cylinders,’ Dallas Fed Predicts

A senior economist with the Federal Reserve Bank of Dallas says the Texas economy is “firing on all cylinders” for 2018. He forecasts strong job growth, low unemployment, and other potential gains that may come in response to the Trump administration’s recently passed federal tax overhaul plan.

Job Growth in Texas

Amazon Hiring 2500 for Houston Fulfillment Center

E-commerce giant Amazon announced Tuesday it began the process of hiring 2,500 full-time employees for its new fulfillment center in Houston, expected to open this summer. This marks the seventh facility the company will house in Texas.

An employee prepares order at Amazon's San Bernardino Fulfillment Center

OPEC Chief: Oil is Now Too Cheap

Leading up to a crucial meeting for the global cartel next week, OPEC leadership has made plain that the price of oil is far too low to encourage investment and supply the global market in the longer term. The comments follow a variety of indicators beginning to signal a larger recovery.

OPEC Oil Chief

Three Reasons to be Optimistic About the Oil Market

Over the many months and pay cycles since the downturn in 2014, Texas’ oil and gas industry has seen one bad headline after another. The state has witnessed major bankruptcies; repeated rounds of workforce downsizing; aborted mergers; endemic rig stacking; and a political inquisition to criminalize unapproved thoughts on climate change.

Optimistic about Oil Market

Texas Named Best State for Business 12-Years Running

For the 12th consecutive year, Chief Executive Magazine named Texas the nation’s best state for business. This year’s accolades come at a time when even more businesses either expanded their operations or relocated their headquarters to the Lone Star State.

Texas Open For Business Collage

Chevron Bets Big on West Texas to Triple Oil Production

Despite a soft, global oil market, Chevron Corporation (NYSE: CVX) recently announced an aggressive plan to shift resources to West Texas and eastern New Mexico from other regions in a bid to triple daily crude output by 2020. The increased exploration activities improve chances for active rig counts to increase in the years ahead.

Chevron Bets on West Texas