Dallas Fed Exec: Texas to benefit more than other states from tax changes

San Antonio Business Journal | Sergio Chapa

According to the Dallas Fed, the recent U.S. federal tax overhaul will allow Texas job growth to potentially grow by 3 percent and also contribute to a continued recovery in the oil and gas industry.  

Overall, a steady recovery in the oil and gas industry and the manufacturing sector allowed the Texas economy to grow by 2.5 percent in 2017. The forecast of 3 percent job growth means Texas should add about 366,000 new jobs in 2018. The state’s unemployment rate fell to 3.8 percent in November. Dallas Fed economists forecast that West Texas Intermediate crude oil will close 2018 at $59 per barrel — below the $62.96 per barrel reported on Tuesday afternoon. “Our crude oil forecast is a little below what prices are at now but still above break even prices for the Permian Basin and some of the Eagle Ford,” Phillips said.

https://www.bizjournals.com/sanantonio/news/2018/01/10/dallas-fed-exec-texas-to-benefit-more-than-other.html

ABOUT THIRD PARTY LINKS ON OUR SITE

Sanchez Energy Corporation’s Website offers links to other third party websites that may be of interest to our website visitors. The links provided on our website are provided solely for your convenience and may assist you in locating other useful information on the Internet. When you click on these links you will leave the Sanchez Energy Corporation’s website and will be redirected to another site. These sites are not under the control of Sanchez Energy Corporation.

Sanchez Energy Corporation is not responsible for the content of linked third party websites. We are not an agent for these third parties nor do we endorse or guarantee their products or information. We make no representation or warranty regarding the accuracy of the information contained in the linked sites. We suggest that you always verify the information obtained from linked websites before acting upon this information.

Also, please be aware that the security and privacy policies on these sites may be different than Sanchez Energy Corporation’s policies, so please read third party privacy and security policies closely.

If you have any questions or concerns about the products and services offered on linked third party websites, please contact the third party directly.