Oil downturn on verge of recovery
What we reported: Southwestern Energy Company’s laid off 300 Houston-are employees, and Baker Hughes reported a 34 percent decline in revenue in 2015. In January 2016, the price of oil was hovering around $40 a barrel.
The latest: The price of oil is climbing above $50 from a 2015 low of $30, and operating rig counts in the U.S. are on an upswing, which could lead to job growth in the oil and gas sector.
What’s next: A recovery is projected but is contingent on the price of oil reaching $60 a barrel and a growing rig and job count, said Bill Gilmer, director of the Institute for Regional Forecasting at the University of Houston C.T. Bauer College of Business.
New superintendent implements changes
What we reported: On May 23, the Klein ISD board of trustees announced Bret Champion as the next superintendent of the district, replacing Jim Cain, who retired. Champion came to KISD with 22 years of experience serving at Leander ISD.











