Review this week’s top Eagle Ford news stories all in one place. Ukraine marked the 30-year anniversary of the Chernobyl nuclear disaster and ExxonMobil lost its coveted AAA credit rating. Find more stories below.
5. New Mexico sues Texas oil company for lease payments
SANTA FE, N.M. (AP) — The New Mexico State Land Office is suing a Texas oil company for years of overdue fees and recent environmental cleanup costs at a wastewater injection well used by various oil producers.
Siana Operating of Midland, Texas, was notified Thursday of the lawsuit in Santa Fe District Court seeking compensation, punitive damages and access to the company’s accounting records. State Land Commissioner Aubrey Dunn says Siana continued to operate a salt-water injection well on state trust lands in southeastern New Mexico after its lease expired in 2011 while avoiding $114,000 in disposal fees.
4. Death toll rises to 32 in Mexico petrochemical plant blast
MEXICO CITY (AP) — Mexico’s state oil company says that searchers have recovered four more bodies from a petrochemical plant wrecked by a huge explosion on the country’s Gulf coast, raising the death toll to 32.
Petroleos Mexicanos said in a statement Sunday that rescuers with dogs had reached some of the area’s most affected by Wednesday’s blast and had located more bodies. It said all the workers in the plant that day have been located.
3. A look at the 1986 Chernobyl nuclear disaster in numbers
CHERNOBYL, Ukraine (AP) — Telling the story of Chernobyl in numbers 30 years later involves dauntingly large figures and others that are even more vexing because they’re still unknown. A look at numbers that hint at the scope of the world’s worst nuclear accident,the explosion and fire at the Chernobyl nuclear power plant on April 26, 1986.
2. Schlumberger reduces workforce by 2,000 in first quarter
HOUSTON (AP) — Schlumberger NV trimmed its workforce by about 2,000 to 2,500 people in the first quarter as the company’s profit slumped 49 percent amid the continuing slump in oil and gas drilling.
The company said in a news release that its workforce, which started the year at 95,000, ended the first quarter on March 31 with 93,000 employees. It had 126,000 employees in mid-2014, when oil prices started to drop.
1. ExxonMobil loses AAA credit rating as debt increases
Standard & Poor stripped ExxonMobil of its AAA credit rating due to a plunge in oil prices and weak forecast.
The Texas-based company was downgraded to an AA+ credit rating. The ratings agency cited “low commodity prices, high reinvestment requirements, and large dividend payments.”
The decision comes as Exxon’s debt has increased substantially.