Oil & Gas Growth Expected in 2014 – Dallas Fed

Refineries & Petrochemical Plants Are Struggling to Find Engineers and Construction Workers
Federal Reserve Districts

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The Federal Reserve Bank of Dallas reported that oil & gas companies in the 11th district, which includes Texas, expect further growth in 2014.

Texas respondents indicated particularly strong activity levels in energy, which means the Eagle Ford Job market will remain robust.

The Fed also noted demand for oilfield services was steady even though the rig count had fallen in response to more wells being drilled per rig. [Read more…]

Energy Activity Holding at High Levels in Texas – Dallas Fed

Margins For Oilfield Service Firms Have Tightened
Federal Reserve Districts

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The Federal Reserve Bank of Dallas reports energy activity has seen little change from “high levels” over the past reporting period in its most recent Beige Book.

It’s no surprise. More than 800 of the ~1,700 rigs active in the U.S. are working in Texas. Over 250 of those rigs are active in the Eagle Ford. [Read more…]

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