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
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.
4.) Sanders criticizes Clinton record on fracking
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.
3.) Peabody Chapter 11, helps draw attention to coal reclamation
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.
2.) US rig count drops to 443 this week
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.
1.) 2 workers killed, 1 hurt in South Texas pipeline accident
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.