Archives for November 2019
U.S. Silica to cut jobs
The Katy sand mining company U.S. Silica said it will cut 230 jobs, or about 10 percent of its workforce, as it contends with a slowdown in the nation’s shale oil and gas fields. Source:...
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Billionaire fracking brothers hammered by Permian holdings
Farris and Dan Wilks hit pay dirt during the shale boom when they sold their Texas fracking company in 2011 for $3.5 billion, giving them ample resources to fund their interests in land, politics and...
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Oil pares third weekly gain amid mixed signals on trade deal
Oil pared its third weekly advance amid mixed signals on a trade agreement between the U.S. and China, which would end an impasse that has weighed on the global economy and fuel demand. Source: FuelFix
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Feds approve permits for four LNG export projects in Texas
Federal officials have approved permits for three new liquefied natural gas export terminals in the Rio Grande Valley and the expansion of another in Corpus Christi. Source: FuelFix
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Oil steadies amid trade deal uncertainty and U.S. stockpile drop
Oil steadied after Wednesday’s rally amid mixed prospects for a trade agreement between the U.S. and China that impacts global energy demand, and lower crude stockpiles at a key American storage hub. Source: FuelFix
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