Archives for 2017
Texas oil jobs climbing amid drilling surge
Texas oil companies expanded payrolls for the third month in a row in March amid a surge in drilling activity, the Dallas Fed says. The number of oil and gas jobs in the state rose...
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Houston’s Keane Group to boost frac power with $285M deal
Houston oil field services firm Keane Group is boosting its hydraulic fracturing power, buying Denver fracking company RockPile Energy Services for about $285 million in cash and stock. RockPile owns eight wireline trucks, 12 workover...
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OPEC revenues fall to lowest level in a decade
Revenues at the Organization of the Petroleum Exporting Countries fell to $433 billion in 2016, their lowest level since 2004, according to a report Friday by the U.S. Energy Information Administration. That represented a 15...
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Traffic in Houston Ship Channel keeps rising
Total traffic at Port of Houston rose slightly last year, according to data recently released by the port. Deep water arrivals there, at the Port — such as the large tankers piloted up the channel...
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Noble Energy sells stake in Marcellus pipeline company for $765 million
Noble Energy plans to sell its stake in a company that operates pipelines in the gas-rich Marcellus Shale for $765 million in cash, the company said Thursday. The Houston oil company said it would sell...
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