Tuesday, March 31, 2015
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Lost & Found

Lost: Large black dog with long hair, name is Lucky, 1 blue eye, has rabies tag, last seen on CR 329, Floresville. Any information call 830-391-2438.

VideoLost: 2 dog, black/white Australian Shepherd "Lilly," yellow/orange Lab mix with amber colored eyes (on skinny side), "Whisky," beloved family pets. Reward! Call 830-393-4660.

VideoLost: Red female dog, named Mellie, Corgi build, stocky, short legs, Creekwood or Eagle Creek Ranch, Floresville. Call Christy 501-442-1812 or Kevin 210-577-8364 anytime! We miss our girl so much!
More Lost & Found ads ›

Help Wanted

Stylists and nail techs - booth rental available. Looking for hair and make-up artists and nail technicians for manicures and pedicures. Gina Beauty Salon, 1213 10th Street, Floresville. Call Gina, 830-581-9291.
The Floresville Independent School District is accepting applications for District Wide Custodian Positions, 2:00 p.m. to 10:30 p.m. shift. Applications may be obtained online at www.fisd.us or contact Sylvia Campa at 830-393-5300 ext. 14002 for appointments. FISD Personnel Office is located at 1200 5th St., Floresville, Texas. 830-393-5300 (Office hours: 8:00-4:00). Applications will be accepted until all positions are filled. An Equal Opportunity Employer.
More Help Wanted ads ›

Featured Videos





Video Vault ›

Commentaries


Texas economy continues expanding with help from Eagle Ford




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.
Contributed
January 27, 2012 | 2,351 views | 1 comment

By Alex Mills

Even though natural gas prices crashed at the end of 2011, the Texas oil and gas industry continued to grow, according to the Texas Petro Index (TPI) year-end numbers for last year.

Highlights include:

· Employment up;

· Crude oil production up;

· Drilling rig count up;

· Drilling permits up; and

· Tax revenue up.

The TPI ended 2011 at 259.1, marking the 24th consecutive monthly increase. The rate of expansion was 13.8 percent during 2011. Oil-price growth rose 20.4 percent in 2011, and oil prices in Texas averaged $91.05 per barrel ($/bbl), making 2011 the first year since 2008 in which the average annual price exceeded $90/bbl.

On the other hand, natural gas prices declined 7.6 percent in 2011 to average $3.99 per thousand cubic feet ($/Mcf). By the end of the year, natural gas prices fell below $3 and closed on Jan. 25 at $2.55. The estimated value of Texas-produced natural gas declined by 13.5 percent to $28.2 billion, as production declined 6.5 percent to an estimated 7.0 billion cubic feet (bcf).

The number of Texans employed in the oil and gas production, drilling and service sectors increased by an estimated 29,616, expanding industry employment by an estimated 15.2 percent. The number of Texans on oil and gas industry payrolls reached an estimated 237,500, according to the Texas Workforce Commission, ending a five-month string of record-setting reports that lifted estimated employment to 238,300 in November. 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.

“The powerful effects of supply and demand on the Texas upstream oil and gas economy were dramatic in 2011,” Karr Ingham, economist and author of Texas Petro Index, said. “Strong oil prices provided producers with an incentive to continue developing and producing more crude oil, while a glut of new natural gas supplies on North American markets drove down wellhead prices for gas and discouraged producers from investing in new gas capacity.

“I find it equally remarkable that oil and gas producers have added nearly 50,000 good-paying jobs in Texas in the past two years,” Ingham said.

The statewide working rig count averaged 838, increasing by more than 27 percent from December 2010 to December 2011. Also, Texas Railroad Commission issued 22,480 drilling permits, which is up 24.7 percent.

One of the most remarkable statistics is that Texas has turned around a 30-year decline in crude oil production. Producers recovered an estimated 453.3 million barrels of crude oil, a 7 percent year-over-year increase. Annual oil production in Texas increased for the fourth consecutive year in 2011.

The estimated value of Texas-produced crude oil production increased by nearly 29 percent to $41.5 billion as prices increased by $15.53/bbl and production grew by 29.7 million barrels.

Alex Mills is President of the Texas Alliance of Energy Producers. The opinions expressed are solely of the author.
 
‹ Previous Blog Entry
 

Your Opinions and Comments

 
Elaine K.  
Floresville  
January 27, 2012 6:27pm
 
New post.

Share your comment or opinion on this story!


You must be logged in to post a comment.




Not a subscriber?
Subscriber, but no password?
Forgot password?

Commentaries Archives


Commentaries
Commentaries page govtrack.us
Commentaries who represents me?
Heavenly Touch homeVoncille Bielefeld homeAllstate & McBride RealtyChester WilsonSacred Heart SchoolTriple R DC Experts

  Copyright © 2007-2015 Wilson County News. All rights reserved. Web development by Drewa Designs.