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Tag Archives: wood mckenzie

Trican lays off 137 employees


Trican Well Service recently laid off 137 employees based in Odessa, according to a notice filed with state regulators, representing another sign the strain of low prices on workers in the oil patch. The effective layoff date for the employees was March 20, according to a letter sent to the Texas Workforce Commission that was released to the Odessa American ...

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‘Consolidation’ might be the word for some shale companies

oil rig

The for-sale sign WPX Energy Inc. recently put on its Marcellus shale wells and land could signal more moves among natural gas producers struggling with low prices, observers say. “I do know a couple of companies that are interested in getting out of the basin,” Lou D’Amico, president of the Marshall-based Pennsylvania Independent Oil & Gas Association, said Tuesday. He ...

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Warmer winter not likely to hit natural gas demand

If predictions hold, the Northeast may not have to hibernate through bone-chilling cold like it did last winter. The latest forecast from the National Oceanic and Atmospheric Administration shows temperatures are expected to be warmer than last year, when a deep freeze forced people to crank up the heat, drew down natural gas storage inventories and caused prices to spike. ...

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