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Exclusives

Top Eagle Ford news stories: April 1-8

Take a look back at the top Eagle Ford news stories of the week. Depressed oil prices continue to impact economies at home and abroad. Houston lost more jobs as it weathers the oil bust, and an OPEC official said a deal to freeze production will be reached soon. 5. Once wedded to oil, Houston economy carries on despite bust HOUSTON (AP) ...

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Top 5 Bakken news stories – April 2-8

top 5 bakken news stories april 2-8

It’s been a slow week in the Bakken so this week’s recap brings you a mixture of for sale signs in the Marcellus, Exxon getting probed, Texas losing more jobs, and OPEC members announcing a potential production freeze. Exciting! And… because you, dear reader, earned it: a bonus story at the end of the page! Have you ever wondered how ...

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Chevron announces more Houston job cuts

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 ...

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More Texas jobs lost as oil bust continues

More Texas jobs lost to oil bust

More than 1,100 Texas jobs have been cut in the past few weeks, according to reports by the Texas Workforce Commission. Oil major BP plans to cut at least 500 jobs in Harris County this year. The layoffs are expected to happen in June at three Houston locations. BP spokesman Jason Ryan said about 4,000 total upstream jobs will be ...

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Dickinson pump jack denied after residents complain

Maybe if the company had proposed to make the pump jack look like an actual horsehead their neighbors wouldn’t have complained. This week just outside Dickinson, working on a newly acquired oil well, a company replaced the existing underground pump with an above-ground pump jack. On Tuesday, after numerous complaints from nearby residents, it was deemed “an eyesore and a ...

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Range Resources sells Marcellus assets

natural gas drilling rig

Range Resources closed its Bradford County, Pennsylvania non-operated asset sale. The purchase agreement was made in early February and included the company’s non-operating Marcellus interest in Bradford County, Pennsylvania for about $112 million, according to Zacks.  Wall Street 24 notes that the sale of the Bradford County assets caused shares of Range Resources stock to increase, indicating a 3.65 percent ...

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