On October 31, 2014, the average stock market prices of the Texas Oil & Gas Companies had increased 277% from March 6, 2009. On the most recent date March 13, 2015, this average stock market price increase from March 6, 2009, six years ago, for these Texas Oil & Gas Companies had dropped precipitously to 213%.
I would find it hard to believe that the US Federal Reserve would contemplate raising interest rates when you have the key Oil & Gas Industry in Texas, especially the smaller Oil Companies which are growing like weeds given so many larger ones imploding, being devastated financially like they clearly are presently.....and also when you have the very significant economic spillover effects to the many Texas Non-Oil & Gas Companies that has occurred in the past four and a half months. Also, from my stock pricing, I can see that many small and medium-sized Oil & Gas Companies in other US States have experienced their stock market prices flat-out collapsing in the most recent four and a half months.
Further, there has to be substantial downside exposure to the Texas State Budget from the devastation of this key Oil & Gas Industry. How does the State of Texas close that revenue gap? It refuses to accept the US Government's massive infusion of cash from Medicaid Expansion or something similar to it.
And lastly, the Accounting Reported Earnings of the Companies in the Texas Oil & Gas Industry will have to be dropping precipitously in 2015 given the Asset Impairment Losses Under the Ceiling Test that must be reported under US generally accepted accounting principles if oil prices stay so low.
Below here are the 108 Oil & Gas Texas Headquartered Companies with Stock Market Caps now above $100 mil and which have had their common stocks trading from December 31, 2007, or early in 2008 for companies first going public then, through the most recent date March 13, 2015, or the date the Companies were sold, if they were sold since the beginning of 2014.
| Market | Market | Market | ||||||
| Price | Price | Price | ||||||
| % | % | % | ||||||
| Change | Change | Change | ||||||
| Market | Market | Market | 3-6-09 | 12-31-07 | 12-31-07 | |||
| Price | Price | Price | to | to | to | |||
| Texas Company | HQs | 3-13-15 | 3-6-09 | 12-31-07 | 3-13-15 | 3-6-09 | 3-13-15 | |
| $s | $s | $s | ||||||
| Oil & Gas Companies | ||||||||
| Enlink Midstream Inc | Dallas | TX | 37.60 | 0.87 | 37.24 | 4222% | -98% | 1% |
| Enlink Midstream Partners LP | Dallas | TX | 26.56 | 1.22 | 31.02 | 2077% | -96% | -14% |
| Cheniere Energy | Houston | TX | 75.48 | 3.52 | 32.64 | 2044% | -89% | 131% |
| Pioneer Natural Resources | Irving | TX | 154.64 | 12.69 | 48.84 | 1119% | -74% | 217% |
| CVR Energy Inc | Sugar Land | TX | 38.95 | 3.88 | 24.94 | 904% | -84% | 56% |
| Magnum Hunter Resources | Houston | TX | 2.29 | 0.23 | 1.98 | 896% | -88% | 16% |
| Tesoro Corp | San Antonio | TX | 86.23 | 12.23 | 47.70 | 605% | -74% | 81% |
| Energy Transfer Equity LP | Dallas | TX | 60.41 | 9.20 | 17.62 | 557% | -48% | 243% |
| Cheniere Energy Partners LP | Houston | TX | 29.38 | 5.24 | 16.06 | 461% | -67% | 83% |
| Carrizo Oil & Gas Inc | Houston | TX | 47.12 | 8.42 | 54.75 | 460% | -85% | -14% |
| Cabot Oil & Gas Corp | Houston | TX | 28.12 | 5.16 | 10.09 | 445% | -49% | 179% |
| Concho Resources | Midland | TX | 105.49 | 19.82 | 20.61 | 432% | -4% | 412% |
| Targa Resources Partners LP | Houston | TX | 39.05 | 7.36 | 29.62 | 431% | -75% | 32% |
| Genesis Energy LP | Houston | TX | 43.72 | 8.37 | 23.50 | 422% | -64% | 86% |
| Evolution Petroleum Corp | Houston | TX | 6.08 | 1.40 | 5.05 | 334% | -72% | 20% |
| Rosetta Resources | Houston | TX | 17.05 | 4.06 | 19.83 | 320% | -80% | -14% |
| Kinder Morgan Management LLC | Houston | TX | 104.21 | 25.00 | 32.29 | 317% | -23% | 223% |
| Valero Energy | San Antonio | TX | 58.53 | 14.83 | 63.97 | 295% | -77% | -9% |
| Abraxas Petroleum Corp | San Antonio | TX | 3.15 | 0.80 | 3.86 | 294% | -79% | -18% |
| Newpark Resources | Woodlands | TX | 9.32 | 2.52 | 5.45 | 270% | -54% | 71% |
| Helix Energy Solutions Group | Houston | TX | 13.48 | 3.66 | 41.50 | 268% | -91% | -68% |
| Western Refining Inc | El Paso | TX | 46.02 | 12.81 | 24.21 | 259% | -47% | 90% |
| Oil States Intl | Houston | TX | 40.85 | 11.67 | 34.12 | 250% | -66% | 20% |
| Oceaneering Intl | Houston | TX | 49.34 | 14.60 | 33.68 | 238% | -57% | 47% |
| EOG Resources | Houston | TX | 85.39 | 26.04 | 44.63 | 228% | -42% | 91% |
| Isramco Inc | Houston | TX | 127.20 | 41.51 | 47.47 | 206% | -13% | 168% |
| FMC Technologies | Houston | TX | 36.66 | 12.17 | 26.91 | 201% | -55% | 36% |
| Dril-Quip | Houston | TX | 66.13 | 21.98 | 55.66 | 201% | -61% | 19% |
| Spectra Energy | Houston | TX | 33.80 | 11.59 | 25.82 | 192% | -55% | 31% |
| Enbridge Energy Partners LP | Houston | TX | 35.82 | 12.77 | 25.27 | 181% | -49% | 42% |
| Core Laboratories NV | Houston | TX | 98.16 | 35.33 | 62.36 | 178% | -43% | 57% |
| Plains All America Pipeline | Houston | TX | 46.86 | 17.60 | 26.00 | 166% | -32% | 80% |
| Halliburton | Houston | TX | 40.18 | 15.12 | 37.91 | 166% | -60% | 6% |
| TC PipeLines LP | Houston | TX | 63.28 | 23.97 | 36.20 | 164% | -34% | 75% |
| Holly Energy Partners LP | Dallas | TX | 30.24 | 11.57 | 21.88 | 161% | -47% | 38% |
| Natural Gas Services Group | Midland | TX | 18.95 | 7.31 | 19.61 | 159% | -63% | -3% |
| Spectra Energy Partners LP | Houston | TX | 50.21 | 19.93 | 23.96 | 152% | -17% | 110% |
| Anadarko Petroleum Corp | Woodlands | TX | 78.42 | 33.07 | 65.69 | 137% | -50% | 19% |
| El Paso Pipeline Partners LP | Houston | TX | 39.53 | 16.79 | 25.05 | 135% | -33% | 58% |
| Cameron Intl | Houston | TX | 43.01 | 18.36 | 48.13 | 134% | -62% | -11% |
| Regency Energy Partners LP | Dallas | TX | 22.21 | 9.57 | 33.37 | 132% | -71% | -33% |
| TETRA Technologies | Woodlands | TX | 5.34 | 2.33 | 15.57 | 129% | -85% | -66% |
| CococoPhillips | Houston | TX | 61.64 | 26.96 | 67.31 | 129% | -60% | -8% |
| PrimeEnergy Corp | Houston | TX | 55.75 | 24.46 | 56.25 | 128% | -57% | -1% |
| Buckeye Partners LP | Houston | TX | 74.40 | 33.20 | 49.41 | 124% | -33% | 51% |
| Baker Hughes | Houston | TX | 58.87 | 26.58 | 81.10 | 121% | -67% | -27% |
| Kinder Morgan Energy Partners LP | Houston | TX | 91.72 | 41.61 | 53.99 | 120% | -23% | 70% |
| Exterran Partners LP | Houston | TX | 24.14 | 11.00 | 32.00 | 119% | -66% | -25% |
| Clayton Williams Energy Inc | Midland | TX | 44.37 | 20.26 | 31.16 | 119% | -35% | 42% |
| Schlumberger | Houston | TX | 80.42 | 36.73 | 98.37 | 119% | -63% | -18% |
| Patterson-UTI Energy | Houston | TX | 17.06 | 7.80 | 19.52 | 119% | -60% | -13% |
| Parker Drilling | Houston | TX | 2.91 | 1.40 | 7.55 | 108% | -81% | -61% |
| Noble Energy | Houston | TX | 44.03 | 21.23 | 39.76 | 107% | -47% | 11% |
| Martin Midstream Partners LP | Kilgore | TX | 32.29 | 15.73 | 35.50 | 105% | -56% | -9% |
| Atwood Oceanics | Houston | TX | 27.61 | 13.57 | 50.12 | 103% | -73% | -45% |
| Marathon Oil Corp | Houston | TX | 25.78 | 12.70 | 36.95 | 103% | -66% | -30% |
| National Oilwell Varco | Houston | TX | 49.07 | 24.96 | 73.46 | 97% | -66% | -33% |
| NuStar GP Holdings LLC | San Antonio | TX | 34.46 | 18.17 | 28.55 | 90% | -36% | 21% |
| Superior Energy Services | Houston | TX | 20.49 | 11.70 | 34.42 | 75% | -66% | -40% |
| Enterprise Products Partners LP | Houston | TX | 31.16 | 18.18 | 31.88 | 71% | -43% | -2% |
| Tesco Corp | Houston | TX | 11.14 | 6.52 | 28.67 | 71% | -77% | -61% |
| MV Oil Trust | Austin | TX | 15.36 | 9.10 | 24.64 | 69% | -63% | -38% |
| Vanguard Natural Resources | Houston | TX | 14.21 | 8.60 | 16.00 | 65% | -46% | -11% |
| Alon USA Energy Inc | Dallas | TX | 14.51 | 8.81 | 27.18 | 65% | -68% | -47% |
| Energy Transfer Partners LP | Dallas | TX | 54.41 | 33.30 | 53.88 | 63% | -38% | 1% |
| Newfield Exploration | Woodlands | TX | 31.36 | 19.34 | 52.70 | 62% | -63% | -40% |
| Rowan Companies plc | Houston | TX | 18.00 | 11.57 | 39.46 | 56% | -71% | -54% |
| Occidental Petroleum | Houston | TX | 72.84 | 48.50 | 73.88 | 50% | -34% | -1% |
| NuStar Energy LP | San Antonio | TX | 60.35 | 41.73 | 53.30 | 45% | -22% | 13% |
| Legacy Reserves LP | Midland | TX | 11.23 | 7.95 | 20.70 | 41% | -62% | -46% |
| Nabor Industries Ltd | Houston | TX | 11.96 | 8.58 | 27.39 | 39% | -69% | -56% |
| Cross Timbers Royalty Trust | Dallas | TX | 19.95 | 14.36 | 41.25 | 39% | -65% | -52% |
| Halcon Resources | Houston | TX | 1.65 | 1.20 | 15.06 | 38% | -92% | -89% |
| Boardwalk Pipeline Partners LP | Houston | TX | 16.14 | 12.00 | 31.10 | 35% | -61% | -48% |
| Approach Resources | Fort Worth | TX | 6.62 | 4.94 | 12.86 | 34% | -62% | -49% |
| Exxon Mobil | Irving | TX | 83.87 | 64.03 | 93.69 | 31% | -32% | -10% |
| Range Resources Corp | Fort Worth | TX | 45.29 | 36.98 | 51.36 | 22% | -28% | -12% |
| Pioneer Energy Services | San Antonio | TX | 4.63 | 3.82 | 11.88 | 21% | -68% | -61% |
| Weatherford Intl Ltd | Houston | TX | 11.79 | 10.31 | 34.30 | 14% | -70% | -66% |
| BP Prudhoe Bay Royalty Trust | Austin | TX | 58.07 | 51.07 | 80.20 | 14% | -36% | -28% |
| EV Energy Partners LP | Houston | TX | 13.98 | 12.51 | 32.50 | 12% | -62% | -57% |
| Apache Corp | Houston | TX | 59.36 | 53.46 | 107.54 | 11% | -50% | -45% |
| Basic Energy Services | Fort Worth | TX | 5.91 | 5.49 | 21.95 | 8% | -75% | -73% |
| Carbo Ceramics | Houston | TX | 34.73 | 32.84 | 37.20 | 6% | -12% | -7% |
| Permian Basin Royalty Trust | Dallas | TX | 9.00 | 8.80 | 15.98 | 2% | -45% | -44% |
| W&T Offshore | Houston | TX | 5.30 | 5.26 | 29.96 | 1% | -82% | -82% |
| Gastar Exploration Inc | Houston | TX | 2.25 | 2.35 | 6.25 | -4% | -62% | -64% |
| San Juan Basin Royalty Trust | Fort Worth | TX | 12.66 | 13.80 | 33.36 | -8% | -59% | -62% |
| Gulfmark Offshore | Houston | TX | 14.33 | 16.33 | 46.79 | -12% | -65% | -69% |
| Crestwood Equity Partners LP | Houston | TX | 6.01 | 6.87 | 10.37 | -13% | -34% | -42% |
| Vaalco Energy Inc | Houston | TX | 4.53 | 5.22 | 4.65 | -13% | 12% | -3% |
| Linn Energy | Houston | TX | 11.20 | 13.18 | 25.03 | -15% | -47% | -55% |
| Hugoton Royalty Trust | Dallas | TX | 6.71 | 8.18 | 22.43 | -18% | -64% | -70% |
| Southwestern Energy Co | Houston | TX | 22.35 | 28.72 | 27.86 | -22% | 3% | -20% |
| Willbros Group | Houston | TX | 5.60 | 7.31 | 38.29 | -23% | -81% | -85% |
| Key Energy Services | Houston | TX | 1.68 | 2.39 | 14.39 | -30% | -83% | -88% |
| Contango Oil & Gas Co | Houston | TX | 22.56 | 33.28 | 50.89 | -32% | -35% | -56% |
| Eagle Rock Energy Partners LP | Houston | TX | 2.35 | 3.55 | 15.46 | -34% | -77% | -85% |
| McDermott Intl | Houston | TX | 3.36 | 5.58 | 30.46 | -40% | -82% | -89% |
| Noble Corp | Houston | TX | 13.56 | 22.59 | 56.51 | -40% | -60% | -76% |
| Denbury Resources Inc | Plano | TX | 7.31 | 13.05 | 29.75 | -44% | -56% | -75% |
| Ultra Petroleum | Houston | TX | 15.14 | 31.12 | 71.50 | -51% | -56% | -79% |
| Diamond Offshore Drilling | Houston | TX | 26.71 | 55.48 | 142.00 | -52% | -61% | -81% |
| Swift Energy Co | Houston | TX | 2.34 | 5.05 | 44.03 | -54% | -89% | -95% |
| Transocean Ltd | Houston | TX | 13.60 | 51.11 | 143.15 | -73% | -64% | -90% |
| Goodrich Petroleum Corp | Houston | TX | 2.86 | 16.10 | 22.62 | -82% | -29% | -87% |
| EXCO Resources Inc | Dallas | TX | 1.54 | 8.86 | 15.48 | -83% | -43% | -90% |
| Comstock Resources Inc | Frisco | TX | 4.26 | 27.90 | 34.00 | -85% | -18% | -87% |
| Average % Change all 108 Texas Oil & Gas Companies | 213% | -57% | -1% | |||||
| Average % Change all 144 Texas Non-Oil & Gas Companies | 515% | -53% | 83% | |||||
| Average % Change all 252 Texas Companies | 386% | -54% | 47% | |||||
