Crude oil prices are expected to trend downward in the first part of this year, lending no reprieve to companies whose business plans depended on higher commodity prices. At the same time, the oil and gas rig count bounced off of its lowest point since March 2017 last week, partly due to the tighter capital budgets among companies in the upstream business.
Read more about these and other data points to know in Texas energy this week:
Companies in the energy industry employed more than 260,500…