Crude Oil and Commodity Prices

January, Tuesday 23 2018 – 09:47:41
WTI Crude Oil
$63.49 ▲0.12 0.19%
2018.01.22 end-of-day
Brent Crude Oil
$69.03 ▲0.42 0.61%
2018.01.22 end-of-day
Commodities
Crude Oil 63.49 +0.19%
Natural Gas 3.22 +1.21%
Gasoline 1.88 +0.88%
Heating Oil 2.06
Gold 1330.90 -0.08%
Silver 16.93 -0.26%
Copper 3.18 +0.33%
2018.01.22 end-of-day » Add to your site
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Houston Employment Update from GHP

The Houston-The Woodlands-Sugar Land metro area created 46,000 jobs in ’17. That’s a
significant improvement from ’16 when the region created 18,700 jobs and ’15 when the
region created only 200. Several sectors performed better than expected, a few worse.
The energy sector shaved 400 jobs, with losses in exploration and production nearly
offsetting gains in oil field services.

As of late summer, the construction sector was on track to lose more than 10,000 jobs in
’17. The post-Harvey boom helped reverse that trend, with construction finishing at a net
loss of only 800 jobs for the year.

Manufacturing recorded a robust gain of 8,800 jobs. Fabricated metal products (e.g.,
pipes, valves, flanges and structural steel) added 5,400 jobs while machinery
manufacturing shed 4,100. This is a bit of a conundrum since both are tied to the rig count, which finished the year with 929 rigs operating in North America, up from 658 at the end of ’16. Non-durables (i.e., goods which are quickly consumed or become part of a larger product) recorded a loss of 1,500 jobs, also a surprise given the recent expansion of Houston’s chemical sector.

Wholesale trade, still retrenching after the energy downturn, cut 2,000 jobs. Retail, facing weak wage growth and the inroads of e-commerce, posted a gain of 2,800 jobs. That’s well below the average 6,200 jobs the sector creates in non-recession years.

Financial activities (e.g., banking, insurance and real estate) added 3,800 jobs, a 2.4
percent annual growth rate. The average growth rate for non-recession years is 2.3
percent. Nearly three-fourths of the 14,900 jobs created in professional and business services were in employment services, i.e., contract workers. Employment services added 10,700 jobs, a 13.0 percent increase over ’16, which reflects companies’ reluctance to hire full-time, permanent employees.

Concerns over the fate of the Affordable Care Act along with pressure from consumers
and insurers to control costs slowed growth in health care employment. The sector added 6,400 jobs in ’17, slightly below the long-term average of 8,000 jobs per year.
Leisure and hospitality also underperformed, adding only 2,800 jobs for the year. Since
the end of the Great Recession, job growth has averaged 11,800 per year.

The government sector added 8,000 jobs, three-fourths of them in school districts,
community colleges, and public universities.

Houston’s unemployment rate was 4.3 percent in December, unchanged from November and down from 5.3 percent in December ’16. Texas’ unemployment rate was 3.7 percent in December, unchanged from November and down from 4.5 percent in December ’16.

The U.S. rate was 3.9 percent in December, unchanged from November and down from4.5 percent in December ’16. The rates are not seasonally adjusted.

A note of caution to readers: In March, the Texas Workforce Commission will issue its
benchmark revisions of employment data for all of ’17 and part of ’16. The final
employment counts may be significantly different from the current report. Those
revisions will be covered in detail in a future issue of Houston: The Economy at a Glance

Book: The 12 Week Year

I am determined to read more books this year. I am proud to say I have already completed one and I am halfway through my second one! We just ordered “The 12 Week Year” in the Houston office and I can’t wait to read this one with my team!

Has anyone read this yet? What did you think?

#the12weekyear #bringit2018 #PassionatelyDeterminedToSucceedInAllWalksOfLife

12

Senior Fixed Asset Accountant – West Houston – dlemaire@cfstaffing.com

Our client is a leading Oil & Gas company located in South-West Houston(Westchase). They are rapidly expanding and looking to add to a 5-person Fixed-Assets team in their corporate office. This company has been operating for roughly ten years and it is an opportune time to get in the door during these massive years of growth. Please respond directly to this posting to be considered.

75-90K +15% bonus | Westchase Location
Duties:

  • Responsible for all property, plant equipment ledgers
  • Perform fixed asset month end close process
  • Liaison between accounting, finance & management
  • Develop budget to actual reports to management

Why work here?

  • Relatively new company with high growth
  • Close-knit group
  • Provided meals
  • O&G Industry

      Requirements:

  • 5+ years of Fixed Asset Accounting
  • CPA certification preferred (not required)
  • Great Plains ERP experience preferred (not required)
  • O&G Industry experience preferred (not required)

Senior Financial Analsyt – Northwest Houston – dlemaire@cfstaffing.com

Our Client is an established, privately-held oil & gas company Headquartered in northwest Houston.

Why work here:

  • Work life balance!
  • Amazing office with great company culture!
  • Free parking
  • Half Day Fridays and flex time!
  • Gym Membership

Job Duties:
 Maintain Excel‐based Long‐Term Financial Projection Model (“Model”)
o Request, collect and input revised projections from various departments
o Update actual monthly data
o Perform variation analysis on cash flow results
o Address review comments from management
o Analyze cash flow results and assist in short term cash decisions

 Maintain quarterly Excel‐based Investor Reporting
o Request, collect and input revised projections from various departments
o Update actual quarterly data
o Research variances on operating, tax and cash flow results
o Reconcile between Investor Report and Model
o Address review comments from management
o Publish Quarterly Investor Report in timely manner

 Prepare annual Excel‐based Financial and Region level Budgets
o Request, collect and input revised projections from various departments
o Compile preliminary Financial Budget for annual budget meeting
o Update for any further revisions
o Address review comments from management
o Publish final Financial Budget to Investor group
o Publish final Financial Budget Model to executives
o Publish final Region Budget to region management

 Maintain Historical Operations Summary when needed (2‐3 times a year)
 Analyze Lease Operating Expenses and book monthly accruals
 Analyze Capital Expenditures and book monthly accruals
 Prepare monthly Depletion calculation and prepare accruals
 Research and answer General Ledger questions
 Research and answer Lease Operating Statement questions
 Run LOS for various departments upon request
 Modify LOS formats
 Assist with Budget and Board Meeting presentations
 Special projects as assigned

Requirements: 
Accounting Degree
3 to 5 years of experience

Public Accounting
CPA or in process

Senior Real Estate Accountant – Houston – dlemaire@cfstaffing.com

Our Client is an established, privately-held diversified wealth management company Headquartered in Downtown Houston, with one of its strategic lines of business in real estate development.

Why work here:

  • Work life balance!
  • Amazing office with great company culture!
  • Role is open due to promotion!
  • Free downtown parking or fully subsidized transit!
  • Ability to be part of real estate deals!
  • Bonus!!!!
Role:

  • Prepare and enter journal entries into the accounting system (Microsoft Dynamics SL)
  • Reconcile general ledger and subsidiary accounts
  • Prepare financial statements and supporting schedules
  • Review and reconcile project and/or special reports
  • Analyze project costs as needed
  • Support internal/external audit activities
  • Identify and implement process improvements
  • Prepare real estate budgets
  • Code invoices/property tax bills
  • Prepare quarterly board reports
  • Keep track of property tax accounts
  • Record land sales/purchases
  • Prepare quarterly PowerPoint report to update investors on investment performance
  • Create/edit reports in Microsoft Dynamics/Solomon accounting system

Requirements:

  • Accounting Degree
  • Real Estate experience preferred but not required
  • CPA a plus, but not required
  • Public Accounting experience a plus!
  • Experience with Microsoft Dynamics/Solomon accounting system preferred

Houston Economic Update – January 2018

http://www.houston.org/pdf/research/quickview/Economy_at_a_Glance.pdf

JOB GROWTH TO PICK UP IN ’18
The Partnership’s employment forecast for this year calls
for the region to create approximately 45,500 jobs. Growth
will be driven primarily by the strength of the U.S. and
global economies and Houston’s links to them. While
turmoil in the energy industry has for the most part subsided,
the forecast doesn’t anticipate the sector contributing
to job growth in ’18, but neither does it detract
from overall expansion. Only two sectors, construction and
information, are forecast to finish the year with fewer jobs
than they started with. All remaining sectors are expected
to expand, some robustly, others modestly, in ’18.

Updated List of Accounting & Finance Openings – January 11th, 2018 – dlemaire@cfstaffing.com

Downtown/Galleria

  • Senior Accountant – Real estate investment firm – heavy acquisition mode
  • Senior Tax Accountant – Real estate investment / Wealth management / Family Foundation
  • Assistant Controller – large nonprofit
  • Revenue Accountant – onshore, revenue, royalty & severance tax reporting
  • Hyperion Administrator
  • Staff Accountant – Non-profit – 1-2 years GL experience
  • Senior Division Accountant – POC – 1 to 2 years  of public accounting experience required
  • Bilingual Senior Treasury Analyst – Trading
  • Accounting Analyst – Must have E&P and heavy IT /SQL experience
  • Property Accountant – 10-11 properties – small but growing firm – Associate’s preferred
  • Corporate Accountant – Property Management – small but growing firm – QuickBooks required
  • Lead – Consolidations Accounting – O&G services – Big 4 required
  • Senior IT Auditor – O&G services – public or strong industry experience
  • Senior Auditor – O&G services – management rotational role
  • IT Audit Manager – O&G services – management rotational role
  • Tax Supervisor – CPA firm – Non-profit experience is a plus

North/Northwest Houston

  • Staff Accountant – Construction Services
  • AP Manager – Construction Company – Woodlands
  • SEC Reporting Director
  • Senior Financial Analyst – E&P
  • Corporate Accounting Manager
  • Consolidations Accounting Manager
  • Staff Treasury Analyst
  • Tax Manager
  • Senior Treasury Analyst
  • Global Cash Manager
  • Senior Director Tax (Federal & State)
  • Senior IT Auditor – 2 to 4 years of SOX testing experience
  • Corporate Controller with prior IPO experience (15 plus years minimum experience required)
  • Accounting & Operations Manager –  Real Estate Development and Investment – Woodlands!
  • Senior Internal Auditor – O&G services – 50% international travel
  • Staff Tax Accountant – O&G services –
  • Tax Analyst – Energy – 2+ year provision and compliance experience – growing company

West/Southwest Houston

  • Cost Accountant – 1 year of standard or average cost – global manufacturing
  • Senior Fixed Asset Accountant – oil & gas
  • AR Specialist
  • Remit Clerk
  • Senior Accountant – 3 to 5 years of GL experience – Manufacturing
  • Property Accountant – Property Management – 1+ year property accounting – Accounting degree

Southeast:

  • Assistant Controller
  • Plant Controller
  • Internal Auditor
  • Senior Financial Analyst

Phoenix, AZ

  • CFO – Private Equity Manufacturing portfolio company

Dallas:

  • Plant Accounting Operations Analysts

San Antonio:

  • Controller- Growing Oil Field Service company, construction experience preferred *Pleasanton*
  • Full Charge Bookkeeper- Growing Company in the Real Estate Industry
  • Senior Accountant- Homebuilding industry, construction experience & public accounting preferred
  • Controller- Non-Profit, CPA, Budgeting, Audit, Grant Reporting
  • Accounting/Office Manager- Non Profit
  • Corporate Financial Reporting Manager- Stable organization, heavy consolidations, internal reporting, international reporting
  • Non-Profit Director of Fund Development-heavy fundraising & relationship building
  • Non-Profit Director of Resident Services- needs experience working in a management services role
  • Senior Financial/Data Analyst- High Tech Service Company-PE backed, SQL, heavy excel
  • Tax Manager- Midsize public accounting firm, growth opportunity
  • Audit Senior Manager or Partner- Public accounting
  • Audit Senior- local midsize growing public accounting firm, specializing in the Construction industry, work-life balance & competitive pay!

 

Diane Delgado LeMaire | Senior Managing Director, Executive Search & Branch Manager Creative Financial Staffing (CFS)

5718 Westheimer Suite 800, Houston, Texas 77057

T: 713.490.6003 | dlemaire@cfstaffing.com | www.cfstaffing.com | LinkedIn

 

 

Staff Accountant – Northwest Houston – dlemaire@cfstaffing.com

My team and I are currently working with a small, construction services company on the NW side of Houston. We have successfully placed multiple candidates there over the last few years and everyone still tells us how much they love the environment and work-life balance. The close-knit, outgoing team means going to work is actually fun!

The current role we are working on is an Accountant. Ideally, this person will have at least a couple years of experience recording journal entries and participating in month-end close. The Accountant will be the right-hand man/woman of the Controller so we are looking for someone with a can-do/”How can I help?” attitude.

Salary 50 to 60K

Senior Fixed Asset Accountant – Houston – dlemaire@cfstaffing.com

Our client is a leading Oil & Gas company located in South-West Houston(Westchase). They are rapidly expanding and looking to add to a 5-person Fixed-Assets team in their corporate office. This company has been operating for roughly ten years and it is an opportune time to get in the door during these massive years of growth. Please respond directly to this posting to be considered.
  Duties:

  • Responsible for all property, plant equipment ledgers
  • Perform fixed asset month end close process
  • Liaison between accounting, finance & management
  • Develop budget to actual reports to management

Why work here?

  • Relatively new company with high growth
  • Close-knit group
  • Provided meals
  • O&G Industry

      Requirements:

  • 5+ years of Fixed Asset Accounting
  • CPA certification preferred (not required)
  • Great Plains ERP experience preferred (not required)
  • O&G Industry experience preferred (not required)

Employment Update via GHP – Houston, Texas

The Houston-The Woodlands-Sugar Land metro area created 15,700 jobs in November,
according to the Texas Workforce Commission. The monthly job growth is slightly above
the 25-year average of 11,700 jobs for a November. When recession years are removed
from the long-term average, the past month’s job growth is typical for a November. Over
the past 12 months, the Houston region added 48,500 jobs, a 1.6 percent increase.
Retail trade recorded the strongest gains in November, adding 7,900 jobs. The increase is
expected given seasonal hiring for the holidays. Transportation, warehousing and utilities grew by 2,600 jobs, the largest November job gain for the sector since 1990, the farthest back the data is available. The rise of online retailers has increased the demand for workers to package and deliver goods. Several distribution centers recently opened in Houston including Amazon’s 855,000 square foot facility.

Professional and business services also experienced strong growth in November, adding
3,400 jobs. Architectural and engineering services accounted for 1,300 of that increase.
An area of concern is in employment services where 2,200 jobs were lost. It is yet to be
seen if that decline is due to contract workers being converted to full-time workers or
contracts being terminated.

Healthcare posted a loss of 1,700 jobs, with ambulatory health care centers shedding
1,600 jobs. After an explosion of ambulatory care centers over the past few years, the
sector is undergoing a period of right-sizing. Also, TWC estimated ambulatory care centers added 4,200 jobs in October, the strongest one-month gain on record, so November’s data may reflect an attempt to correct for an overestimation.

Houston’s unemployment rate was 4.3 percent in November, up from 4.1 percent in
October but down from 5.2 percent in November ’16. Texas’ unemployment rate was 3.7 percent in November, up from 3.5 percent in October but down from 4.5 percent in
November ’16. The U.S. rate was 3.9 percent in November, unchanged from October and
down from 4.4 percent in November ’16. The rates are not seasonally adjusted.

http://www.houston.org/pdf/research/narratives/Employment/Employment_Update.pdf