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EIA: US Shale Oil Output To Rise In March By 80,000 BPD.

Ruters 2/13 (Reporting by Catherine Ngai; Editing by Marguerita Choy and Leslie Adler)
Tuesday, February 14, 2017

Reuters (2/13) reports the US Energy Information Administration’s drilling productivity report shows that March oil production “is forecast to rise by 79,000 barrels per day to 4.87 million bpd,” which would be the biggest monthly rise since October. In the Permian shale play of West Texas and New Mexico, output “is forecast to rise by more than 70,000 bpd to 2.25 million bpd, in what would be the biggest monthly rise since January 2016.” Meanwhile, Eagle Ford production in Texas “is expected to rise by 14,000 bpd to 1.08 million bpd, the first monthly increase since December 2015, EIA data sh . . .

Total Rig Count Increases 12 To 741

2/10, Jamerson, Subscription Publication The Wall Street Journal (Ruters and Fuel Fix also reported)
Monday, February 13, 2017

The Wall Street Journal (2/10, Jamerson, Subscription Publication) reports Baker Hughes said that the number of oil rigs drilling in the US increased by 8 last week, bringing the total to 591. The gas rig count increased by 4 to 149, while offshore rigs fell by 1 to 21. Reuters (2/10, DiSavino) reports the data shows the average rate of rig additions over the past four weeks increased to 17, the highest rate since February 2012. Raymond James said in a note that it expects the combined oil and natural gas rig count to be 850 in 2017. Fuel Fix (TX) (2/10) reports the Permian Basin led the incre . . .

Houston equity firm's company makes acquisition

By Mike D. Smith Published 3:09 pm, Thursday, January 5, 2017
Friday, January 6, 2017

A global trailer running gear and chassis assembly company that is majority-owned by a Houston private equity firm has acquired two vehicle components manufacturers. Dexter -- part of DexKo Global -- has acquired Ingersoll Axles' assets that build heavy duty axles and suspension systems. The company also has acquired light duty manufacturer Standen. Ingersoll Axles and Standen will be merged into one company and operate as a subsidiary of Dexter. Dexter plans to acquire Ingersoll Axles' manufacturing locations in Ontario, Alberta and Indianapolis. Houston-based The Sterling Group owns a maj . . .

New Mitsubishi Caterpillar Forklift manufacturing facility to begin construction

Houston Business Journal Jan 5, 2017, 8:56am CST
Friday, January 6, 2017

Houston-based Mitsubishi Caterpillar Forklift America Inc. is preparing to build another Houston-area facility.

Construction is slated to begin immediately on a 71,000-square-foot manufacturing facility and distribution center on 10 acres in the Conroe Industrial Park, according to a release. The facility is part of a joint venture between MCFA and Hamburg, Germany-based Jungheinrich AG, a material handling equipment company. Financial details were not disclosed, but Ruston, Louisiana-based Origin Bank provided financing for the project.

Houston-based Archway Properties is the . . .

Jan 3rd Stock Report

Stock Prices In Relation To Previous Day’s Adjusted Close
Tuesday, January 3, 2017

Stock Prices In Relation To Previous Day’s Adjusted Close DJIA 19,762.60 - 0.29% S&P 500 2,238.83 - 0.46% Nasdaq 5,383.12 - 0.90% Gold $1,157.80 + 6.10 Silver $16.14 + 0.15 COMEX Copper $254.25 + 3.70 Platinum Spot $912.21 + 9.11 Zinc $2,576.00 + 54.00 Tin $21,125.00 + 75.00 Natural Gas $3.49 - 0.23 Crude Oil $57.15 + 0.33 LME 3 Month Aluminum $1,693.00 + 14.00

Brady: House Tax Proposal Establishes America As Magnet For Jobs, Innovation.

Houston Chronicle (1/2)
Tuesday, January 3, 2017

In a guest column, US Rep. Kevin Brady (R-TX) writes for the Houston Chronicle (1/2) that the House GOP tax reform plan will end America’s “outdated tax code” by “border adjusting our taxes like our foreign competitors do.” He says the new plan “helps eliminate all tax incentives for U.S. companies to move their manufacturing, technology and headquarters jobs overseas.” Brady adds, “Coupled with the new lower GOP tax rates on local businesses and ending the double-taxation of U.S. earnings overseas, this establishes America as a 21st Century magnet for new jobs, technology breakthroughs and he . . .

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