APACHE CEO FARRIS TO DISCUSS 2011 ENERGY FORECAST AT EVENT
Houston has been called the economic engine of Texas – and with a gross domestic product greater than all but eight states and 23 countries, rightfully so. The region’s economic prospects for 2011 are therefore of great interest to more than just its citizens.
The Greater Houston Partnership will release its jobs forecast for the coming year at the Houston Region Economic Outlook event, 10 a.m. to 1:30 p.m., December, 15, at the Intercontinental Hotel.
Discussing the forecast and Houston’s economic state present and future will be a panel of industry experts, which includes Chip Carlisle, president, Texas Region of Wells Fargo; Daniel G. Bellow, president, Jones Lang LaSalle Americas, Inc., Houston; Larry R. Kaiser, M.D., president, UT Health; and Cameron Evans, U.S. chief technology officer for education, Microsoft. Len Cannon, anchor and reporter, KHOU-TV, will be the panel moderator for the event.
“While our own research shows that the recession ended in the Houston region sometime around March 2009, we obviously have not returned to the same levels of prosperity that were evident before the recession began,” said Jeff Moseley, GHP President and CEO.
“We’ve seen uneven growth in jobs in the region beginning this past February. In addition, we’ve seen foreign trade trend upward this year compared to last, so things are definitely looking up,” Moseley said. “Oil prices have trended upward and anyone who’s lived here long enough probably understands that higher oil prices in general are good for Houston.”
Addressing developments and economic indicators affecting the energy industry in 2011 will be the chairman and CEO of Apache Corporation, G. Steven Farris, who will address the gathering during the luncheon portion of the program. Apache has been one of the most aggressive corporations in the energy industry in new acquisitions this year.
“Houston is the Energy Capital of the World, and while the Houston region has done a terrific job of diversifying its interests during the last two decades, energy is still king around here,” Moseley said. “I think it’s imperative that we get educated on what one of the leading, independent energy companies in our region says about the upcoming year as it relates to the energy sector.”