US Freedom Capital Blog

Texas produces 3M barrels per day, now 8th spot in the world

Posted by David Gunderson on Jul 31, 2014 7:51:00 AM

Texas oil production topped 3 million barrels per day in May, putting the Lone Star state on par with the world’s biggest oil producing countries, according to the Energy Information Administration.

Only Russia, Saudi Arabia, United States, China, Canada, Iran and Iraq produce more oil than Texas, according to international oil production numbers from the EIA. Unlike the national production totals that are from May, the international numbers are from March and include condensate.

Texas produced as much oil as the entire continent of Europe, according to the EIA.

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New Jersey tech firm moving headquarters, 1,200 jobs to Texas

Posted by David Gunderson on Jul 30, 2014 7:51:00 AM

CVE Technology Group Inc., a New Jersey-based high-tech firm, plans to relocate its headquarters to Allen (suburban Dallas), Texas with plans to employ 1,200 workers in North Texas by the end of next year.

The company is an after-market service provider of cellular handsets and consumer electronics, with about 300 employees occupying about 40 percent of an office totaling 196,000 square feet of space at Enterprise Business Park at 915 Enterprise Blvd. in Allen.

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Texas mid-sized companies lead national revenue and employment growth

Posted by David Gunderson on Jul 24, 2014 7:26:00 AM

Texas mid-sized companies led the nation in revenue and job growth in the last 12 months, according to a report released today by the National Center for the Middle Market.

Overall, U.S. middle market companies — those with annual revenue of $10 million to $1 billion — grew for the second straight quarter in the April-June period, indicating that they’ve put the recession firmly behind them. Sixty-three percent of U.S. mid-sized companies reported improved overall performance, up from 60 percent in the first quarter.

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Texas leads best US states for small business; California, New York and Vermont are the worst

Posted by David Gunderson on Jul 6, 2014 7:53:00 PM

Ian Toner, an architect in Philadelphia, recently went to city offices for a permit to build a stoop for a client’s home. The city, he learned, had just imposed new requirements: he would have to get maps from gas, electric, water and other utilities to ensure the stoop would not disturb their underground lines and then resubmit his application. A process he thought would take a day took more than two weeks.

That’s not all. Other new rules require that he prove that his builder has general liability, workers’ compensation and car insurance, and has paid all his taxes. Four times a year he must set aside a half day to ensure he is paying the state’s and city’s myriad taxes correctly. Mr Toner doesn’t question the need for rules and taxes; what galls him is the time and hassle involved in complying with them. "The information exists all over the place and the burden is on me not just to gather it but [to] interpret it. I’m not going to leave here because of this, but they’re all things that could turn a person off of coming here."

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Employers add 288K jobs in June; unemployment rate drops to 6.1%

Posted by David Gunderson on Jul 6, 2014 6:15:00 PM

 

 

In this Thursday, June 12, 2014 photo, people wait in line for the Cleveland Career Fair in Independence, Ohio. U.S. employers accelerated their hiring in June, adding a robust 288,000 jobs and helping drive the unemployment rate to 6.1 percent, the lowest since September 2008, the Labor Department reported, Thursday, July 3, 2014. (AP Photo/Tony Dejak)

 

WASHINGTON — U.S. employers accelerated their hiring last month, adding a robust 288,000 jobs and helping drive the unemployment rate to 6.1 percent, the lowest since September 2008.

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State of the Texas economy

Posted by David Gunderson on Jul 6, 2014 6:08:32 PM
Source: Dallas Morning News
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Dallas apartment rents reach record high as leasing surges

Posted by David Gunderson on Jul 6, 2014 10:11:42 AM
Construction continued on the Elan City Lights apartments on Live Oak Street near downtown Dallas last month.
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North Dakota and Texas now provide nearly half of U.S. crude oil production

Posted by David Gunderson on Jul 4, 2014 6:43:56 PM
Source: U.S. Energy Information Administration, Petroleum Supply Monthly
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Active Network to move from California to Dallas with 1,000 jobs

Posted by David Gunderson on Jul 4, 2014 6:30:49 PM

California is minus one more company that is relocating its global headquarters to downtown Dallas.

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