Economic Indicators
Energy Indicators
Coal power usage continues to decline in Texas. Solar power will be roughly half of all new electric-generation additions in both Texas and the U.S. in 2024, according to the Energy Information Administration.
May 08, 2024
Economic Indicators
Energy Indicators
Coal power usage continues to decline in Texas. Solar power will be roughly half of all new electric-generation additions in both Texas and the U.S. in 2024, according to the Energy Information Administration.
March 13, 2024
Economic Indicators
Southern New Mexico Economic Indicators
Las Cruces’ economy rebounded in fourth quarter 2023 after weakening in the third. Employment grew broadly, and the unemployment rate held steady. Hourly earnings declined in Las Cruces and New Mexico in 2023.
February 15, 2024
Economic Indicators
Energy Indicators
The U.S. rig count declined in 2023, natural gas prices declined, and oil prices held relatively steady. Large oil and gas exploration and production (E&P) firms are turning their attention to acquiring assets in 2024, while small firms are aiming to grow production.
February 13, 2024
Economic Indicators
Energy Indicators
Natural gas liquids (NGLs) production increased in 2023, and exports grew to new heights. U.S. chemical production improved in 2023, helped by easing input costs. The petrochemicals sector saw softening prices, and the basic chemicals sector saw increasing real export values.
January 24, 2024
Economic Indicators
Energy Indicators
U.S. exports of liquefied natural gas (LNG) are expected to continue to grow into 2024. Global natural gas and heating oil prices are subdued as the winter outlook has moderated, while propane prices are increasing but remain significantly below last year’s levels.
January 04, 2024
Economic Indicators
Energy Indicators
Gasoline and diesel prices have come down since the end of summer, with gasoline prices seeing a stronger decline. A drop in gasoline consumption contributed to bloated gasoline inventories, while consumption of diesel is still relatively healthy, contributing to higher refining margins for the heavier product.
November 29, 2023
Economic Indicators
Southern New Mexico Economic Indicators
The Las Cruces economy was weak in the third quarter. Employment fell broadly, and the unemployment rate increased. Home listings surged, but home prices were little changed.
November 15, 2023
Economic Indicators
Energy Indicators
Oil and gas executives expect the rig count to remain at current levels at the start of next year. Exploration and production (E&P) firms—especially the smaller ones—are preparing to see higher well completion and drilling costs in 2024.
November 08, 2023
Economic Indicators
Energy Indicators
Resilient demand and constricted supply due to OPEC+ production cuts will leave crude oil balances in a deficit for the remainder of the year, even with continually increasing U.S. production.
October 05, 2023