Saturday, October 25, 2014
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

Lost & Found


VideoLost Dog! Golden/Pyrenees mix, Kaiha, was last seen October 11 - Hwy 119 - Denhawken area. Was wearing collar (Drama Queen). Please help us find her! Call Billy 210-745-6059. Thank you!
Found tan hunting dog. Elderly male not neutered or chipped. Please call 8303915099.
If you are missing a pet in Floresville, be sure to check the Floresville holding facility. Animals are only kept for 3 days. Contact Las Lomas K-9 Rescue, 830-581-8041.
More Lost & Found ads ›

Help Wanted

Caraway Ford in Nixon is looking to hire a Ford certified diesel Tech, great pay and benefits! Give Kevin a call today 830-582-2511. 
The 81st & 218th Judicial District Community Supervision and Corrections Department (Adult Probation) is currently seeking a qualified applicant for the position of Supervision Officer for ATASCOSA COUNTY. Requirements: A Bachelor’s degree recognized by the Texas Higher Education Coordination Board in Criminology, Corrections, Criminal Justice, Law Enforcement/Police Science, Counseling, Pre-Law, Social Work, Psychology, Sociology, Human Services Development, Public Administration, or a related field that has been approved by the Community Justice Assistance Division (CJAD), or one year of graduate study in one of the above mentioned fields, or one year experience in full-time casework, counseling, or community or group work that has been approved by CJAD.  This position requires some evening and/or weekend work. Salary: Negotiable, plus Regular State benefits. Closing Date: Resumes will be taken until November 4, 2014. Procedure: Applicants should submit a typed resume and copy of college transcript to: Mario Bazan, Director, 914 Main Street, Ste #120, Jourdanton, TX  78026 The 81st & 218th Judicial District Community Supervision and Corrections Department is an Equal Opportunity Employer. 
More Help Wanted ads ›

Featured Videos





Video Vault ›

National News


Falling crude prices slow petroleum-industry recovery




E-Mail this Story to a Friend
Print this Story

Disclaimer:
The author of this entry is responsible for this content, which is not edited by the Wilson County News or wilsoncountynews.com.
October 11, 2011 | 2061 views | Post a comment

HOUSTON--Falling wellhead prices for crude oil in August slowed expansion of the Texas petroleum economy, limiting the Texas Petro Index (TPI) to the smallest month-to-month increase since the statewide industry recovery began in January 2010.

“Daily oil prices, which peaked in April at more than $110 per barrel ($/bbl), dipped to less than $79/bbl by the end of August,” said Karr Ingham, the economist who created the TPI and updates it monthly. “That’s a decline of nearly 30 percent, and spot prices have come down yet further since then.”

Ingham said some leading indicators of Texas oil and gas industry economic health are still growing despite the oil price decline. For example:
An average of 885 drilling rigs were working in Texas during August, nearly 24 percent more than in August 2010; in addition, monthly rig count averages have led year-to-date averages since January.
Applications for permits to drill wells reached a year-long high in August of 2,051, 27 percent more than in August a year ago; through August, Texas producers filed 15,217 drilling permit applications, 3,255 more than during the first eight months of 2010.

However, other indicators are beginning to show the economic strain:
Oil well completions in August totaled 365, 9.2 percent fewer than in August 2010; cumulative oil well completions this year through August (3,071) trailed 2010 completions during the same period (3,812) by 19.4 percent.
After surpassing the pinnacle of employment achieved in October 2008, during the industry’s last boom, in June and July (224,200 and 230,400, respectively), the number of Texans working in the state’s upstream oil and gas industry declined modestly to an estimated 230,000.

“Oil prices in the mid-$70s/bbl may well support current levels of activity or even sustain modest growth,” Ingham said. “But producers have to be concerned about how low oil prices will go and at what price level indicators like the rig count or drilling permits will begin to be negatively affected.”

“If operators and E&P companies begin to expect prices will decline further, those expectations might convince them to ratchet back on expansion activities.”

A composite index based upon a comprehensive group of upstream economic indicators, the Texas Petro Index increased in August for the 20th consecutive month to 247.7, from a low in December 2009 of 186.6. The TPI peaked at 286.0 in September and October 2008.

Among leading TPI indicators during August:

Crude oil production in Texas totaled an estimated 36.48 million barrels, 1.6 percent more than in August 2010. The value of Texas-produced crude oil topped $3.0 billion, 14.6 percent more than in August 2010.

Estimated Texas natural gas output was more than 585.4 billion cubic feet, a year-over-year monthly decline of about 8.4 percent. The value of Texas-produced gas totaled nearly $2.56 billion, about 10.1 percent less than in August 2010.

The Baker Hughes count of active drilling rigs in Texas averaged 885, 23.9 percent more than in August 2010, when 714 rigs were active on average. Drilling activity in Texas peaked in September 2008 at a monthly average of 946 rigs before falling to a trough of 329 in June 2009.

The number of Texans on oil and gas industry payrolls totaled an estimated 230,000, about 30,500 (15.3 percent) more than in August 2010, according to the Texas Workforce Commission. According to initial TWC estimates, the number of upstream oil and gas workers in Texas peaked in July 2011 at 230,400. The previous high--an estimated 223,200 workers following a revision to reflect new industry employment data for 2009 and 2010--occurred in October 2008.

DITOR’S NOTE: The Texas Petro Index is a service of the Texas Alliance of Energy Producers, the nation’s largest state association of independent oil and gas producers.
 
« Previous Blog Entry (October 7, 2011)
 


Your Opinions and Comments
Be the first to comment on this story!

You must be logged in to post comments:



Other National News
Wilson's Auto ChooserAllstate & McBride RealtySacred Heart SchoolTriple R DC ExpertsDrama KidsVoncille Bielefeld homeHeavenly Touch homeChester WilsonBlue Moon Karaoke & DJ

  Copyright © 2007-2014 Wilson County News. All rights reserved. Web development by Drewa Designs.