Global Valve and Controls

How do Oil prices affect home buying?

Spring is almost here and finding that perfect house is getting to be more competitive than ever! I myself am about to close on a house in just a few weeks. For many of us, we thought that because there are so many businesses opening and making Houston its home, home buying has increased because of the demand? In actuality, because of the Oil prices house hunting has become more affordable.

Did you know, "With the exception of the 1980’s, Houston home prices steadily increased over the past 40 years, despite several oil cycles. Houston’s more diversified economy will help the city weather the current oil slump."

Today, Houston is among the top 10 strongest housing markets nationally.


Is Sabine Oil and Gas Corp going bankrupt?

Sabine Oil and Gas Corporation is has now been taken off the New York Stock Exchange, because no annual report as been filed. The company claims that everything will be turned in by the end of this month and has even hired well known financial advisors and paralegals to make sure it gets done and turned in.

"Sabine has had issues dating back to last year with its complicated, rejiggered merger with Colorado-based Forest Oil Corp. It ended up being a merger with Forest acquiring Sabine, but with Sabine investors maintaining control. The company changed its name to Sabine and chose its headquarters in Houston."

The company primarily focuses on oil and gas shale plays in Cotton Valley Sand and Haynesville Shale in East Texas and northern Louisiana, the Eagle Ford Shale in southern Texas and the Granite Wash in the Texas Panhandle.


Fracking links to Earthquakes

The news is finally out! Oklahoma geologists were pressured by oil industry big-shots not to push on with their assessments of possible links between earthquakes in the state and hydraulic fracturing industry, most often referred to as fracking

“Researchers in Oklahoma, notably Austin Holland… have repeatedly said the increase in seismic activity cannot be fully explained by man-made causes,”

Fracking is shorthand for hydraulic fracturing, a type of drilling that has been used commercially for 65 years. Today, the combination of advanced hydraulic fracturing and horizontal drilling, employing cutting-edge technologies, is mostly responsible for surging U.S. oil and natural gas production.