Saudi Arabia to lower oil prices, the houston boom is over

Good job cursing it. Back down today :grin:

 

Chevron set to begin shipments from Gorgon, their $54 billion natural gas project in Australia. No hope for US exports. Looks like the oil and gas industry should have befriended the Dems in order to shut down more coal plants. Oh well.

http://www.rigzone.com/news/article...03-08&utm_content=read&utm_campaign=feature_1

 

Yeah gas went up about 50 cents this past week. Just when I thought it would get below two bucks.

 

Anadarko just announced that it will cut around 1000 jobs! Roughly 17% of its workforce!!


http://fuelfix.com/blog/2016/03/10/anadarko-petroleum-cutting-17-percent-of-workforce/#31744101=0

 

Rough but that was already expected. Or at least I had heard it from somewhere already.

 

Anadarko has kind of been living in excess for the last several years. I had coworkers leave and get their salaries blown up.

 

And so it begins?

 

Good thing I work in the medical field. Houston is the epicenter of freestanding Ers.

 

That's coming to end soon too......

 

Why do you post random articles in places like this? The deficits have to do with the fact that they are implementing a new EPIC electronic medical records system....not the title of this thread. It is misleading and disingenuous at best. You do this is on a routine basis...stop.

http://www.beckershospitalreview.co...mentation-for-77-drop-in-adjusted-income.html



MD Anderson points to Epic implementation for 77% drop in adjusted income
Houston-based MD Anderson Cancer Center reported a 76.9 percent drop in adjusted income for the 10 months ended June 30, a downfall it largely attributes to its Epic EHR implementation project.
In its agenda book and schedule of events for the University of Texas board of regents' meeting held Wednesday and Thursday, the health system reported a $405 million decrease in adjusted income as compared to the same time period the previous year.
"The $405.0 million (76.9 percent) decrease in adjusted income…was primarily attributable to an increase in expenses combined with a decrease in patient revenues as a result of the implementation of the new Epic Electronic Health Record system," according to the agenda book.
The finance committee indicated expenses had increased due to a higher number of full-time employees, which required increased salaries, wages and payroll-related costs; salary increases and increased premium sharing rates; depreciation and amortization expenses related to the completion of several large projects; and other facility management and software projects.
Additionally, the agenda mentions an increase in consulting expenses "primarily related" to its Epic go-live, such as professional fees and services.
This isn't the first time MD Anderson has pointed to its Epic implementation project as a significant element of downward finances. In a May board of regents' meeting, the health system said costs related to the Epic implementation led to a 56.6 percent drop in adjusted income in the seven-month period that ended March 31.
In both instances, the health system said it anticipated a "material impact to revenues and expenses" due to the implementation.
"The post implementation strategy will focus on clinical productivity and operational efficiencies to return to normalized operations by year-end," according to the report.
MD Anderson went live on its Epic EHR in March.

 

Yeah, totally random article about Houston economy in a thread about Houston economy. Get a hobby, dude.

 

MD Anderson is cutting 5% of its staff in light of this Epic mess, though no physicians will be fired.

http://www.chron.com/news/houston-t...on-set-to-announce-layoffs-today-10837056.php

 

That's not related to the oil crash.

 

I don't see anything about "oil" in the thread title. It does say something about Houston economy though.

Pay attention homeboy.

 

Just seems odd to post this in a thread about OPEC's effects on the Houston economy homie since most of the discussion is related to the O&G industry.

And "oil" is in the thread title twice, homie.

 

Haha sorry man. My sarcasm did not shine through I guess.

 

I think the point he was trying to make is it's happening! Not sure what exactly, but it is most definitely.

 

"Saudi Arabia to lower oil prices, the houston boom is over"
I'd say that has to do with the lowering of oil prices affecting the houston economy since a lot of it is reliant on O&G. Posting an article about M.D anderson in it implies that M.D anderson is taking a hit due to the economy from declining gas prices---not what it is actually from which is the implementation of EPIC (which is great I may add)

 

You win. You maybe now collect your prize.