Brace yourself: 3rd-quarter results are about to be released
Energy companies begin to release their third-quarter earnings this week after a brutal second quarter of falling revenues, deep losses and thousands of layoffs. At the time, executives said, said those dismal reports represented that bottom...
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Oasis Petroleum launches stock sale to finance acquisition
Oasis Petroleum Inc. is banking on the proceeds from millions of shares of common stock to fund part of its planned acquisition of another company’s Bakken Shale assets. The Houston-based exploration and production company has...
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Permian pumped at record rates
Oil production in the Permian Basin keeps growing as other U.S. shale plays falter. The region spanning West Texas and New Mexico will produce more than 2 million barrels of oil a day next month...
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Luminant cutting 132 Texas jobs with mine closure
The state’s largest power generator, Dallas-based Luminant, said it will eliminate 132 jobs in December as it shutters its Oak Hill mine south of Longview in East Texas. As coal power plants continue to struggle...
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General Electric cutting 255 Houston jobs; keeping Channelview complex open
GE confirmed in September that it planned to shut down much of its turbine repair operations at its East Houston complex, but GE at the time would not say how many of its more than...
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