Home / Exclusives / Top Marcellus news stories: April 8-15
Image courtesy Encana Corp.

Top Marcellus news stories: April 8-15

Review the top Marcellus news stories from the past week. During a swing through New York, presidential candidate Bernie Sanders said he wants to eliminate fracking, and tragedy struck the oil industry as two workers were killed while repairing a Texas pipeline.

5.) Chevron announces more Houston job cuts

Image: Jonathan McIntosh via Flickr.

Image: Jonathan McIntosh via Flickr.

Chevron plans to cut 655 Houston jobs as part of a payroll decrease across its upstream business. The California-based company confirmed the layoffs Thursday.

Chevron previously stated it would cut its workforce by 4,000 this year. In 2015, The oil major reduced its workforce by 3,000. The total estimated cuts made up about 10 percent of the company’s workforce at the end of 2014.

“In light of the current market environment, Chevron continues to take action by revising organizational structures, increasing efficiencies and reducing expenses,” spokesman Cam Van Ast said in an email, confirming the layoffs.

Read more about job cuts at Chevron here.

4.) Sanders criticizes Clinton record on fracking

Bernie Sanders, Hillary Clinton

Democratic presidential candidate, Sen. Bernie Sanders, I-Vt. speaks at a campaign rally, Monday, April 11, 2016, in Binghamton, N.Y. (AP Photo/Mel Evans)

A swing through upstate New York is providing Bernie Sanders with a fresh opportunity to contrast himself with Hillary Clinton on fracking — an oil and gas drilling method that’s been banned in the state.

In a lengthy riff at a rally in Binghamton, New York, Monday, Sanders hit Clinton for promoting fracking as secretary of state and only offering conditional opposition to the practice.

Sanders said eliminating the practice is critical in fighting climate change, one of his top issues.

Read more about Bernie Sanders and fracking here.

3.) Peabody Chapter 11, helps draw attention to coal reclamation

Peabody

FILE – In this March 9, 2006 file photo, a conveyor belt moves underground mined coal to the surface at Peabody Energy’s Gateway near Coulterville, Ill. The bankruptcy filing of Peabody Energy raises yet more questions about the ability of financially troubled coal companies to cover the potential cost of filling in mines that close. St. Louis-based Peabody filed for Chapter 11 bankruptcy Wednesday, April 13, 2016.(AP Photo/Seth Perlman, File)

CHEYENNE, Wyo. (AP) — The bankruptcy of yet another major coal company helps draws attention to plans for financially troubled coal companies to cover the potentially huge costs of filling and restoring to a natural state mines that sooner or later might permanently close amid the industry’s downturn.

St. Louis-based Peabody filed for Chapter 11 bankruptcy Wednesday. Peabody’s mines include the top-producing coal mine in the U.S., the huge North Antelope Rochelle mine in Wyoming’s Powder River Basin.

The mine produced 118 million tons in 2014, some 12 percent of production nationwide. So far, recent coal-mine closures have beset the industry in the east, not out west.

Read more about Peabody filing Chapter 11 bankruptcy here.

2.) US rig count drops to 443 this week

rig count

An oil and gas drilling rig operating in the Permian Basin near Farmington, New Mexico, USA. (Image courtesy of Encana Corp)

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped by seven this week to 443, another all-time low amid depressed energy industry prices.

A year ago, 988 rigs were active.

Houston oilfield services company Baker Hughes Inc. said Friday 354 rigs sought oil and 89 explored for natural gas.

Read more about the dropping rig count here.

1.) 2 workers killed, 1 hurt in South Texas pipeline accident

workers killed, pipeline accident

Image: Michael via Flickr

WOODSBORO, Texas (AP) — Officials say two workers have been killed and another was hurt during a high-pressure release as the men did repairs on a South Texas gas pipeline.

Refugio (ray-FYOO’-ee-oh) County authorities say the accident happened Tuesday afternoon at a Southcross Energy Partners plant near Woodsboro.

Read more about the fatal Texas accident here.

Leave a Reply

Your email address will not be published. Required fields are marked *

*