Oil crash job losses in Texas may be steeper than previously thought
The number of oil and gas job losses may be thousands more than the Texas Alliance of Energy Producers initially projected.
View ArticleJob losses continue across Texas as services firms cut back
Oil field services companies reeling from the worst downturn in years continued hemorrhaging jobs this week as three providers announced plans to chop nearly 400 jobs in Houston and across the state...
View ArticleKarr Ingham: Oil crash “deepest and longest” in history of Texas Petro Index
An index measuring the health of the Texas oil industry tumbled again in October for the 11th straight month as producers shut down additional rigs and more of the state's oil and gas workers lost...
View ArticleEconomist says Texas oil drillers may have unlocked crude supply lasting...
Despite the massive cutbacks, Texas in 2015 likely broke the state's 43-year-old record for crude oil production.
View ArticleBanks “finally found religion” at $30 oil, lawyers see wave of bankruptcies
More than two dozen Texas bankruptcy attorneys expect a 30 percent increase in corporate restructurings and bankruptcy filings in the state this year, according to a sampling of bankruptcy attorneys by...
View ArticleTexas oil job losses expected to continue for months despite price rally
HOUSTON – Texas oil drillers have lost one in three jobs to the furious downturn in energy prices over the past two years, and mass layoffs could continue for months even though oil prices are rising....
View ArticleTexas drillers may start hiring soon, as long as prices hold up
HOUSTON – Rising crude prices could spur hiring across the Texas oil patch by August, a regional economist says, beginning a slow but steady reversal in the state’s energy employment after struggling...
View ArticleTexas oil job cuts eased in June, economist says
HOUSTON – Texas drillers have handed out pink slips to 1 of 5 employees since last June, but lately, the pace of the industry’s job cuts has slowed. Energy producers and oil service companies across...
View ArticleTexas drillers added jobs in July for first gain in 19 months
Rigs aren’t alone in the long trek back to the Texas oil patch. Drillers across the state added about 100 new jobs in July, the first monthly gain since the Texas energy industry’s employment figures...
View ArticleOil and gas numbers boom; ‘A new cycle of expansion,’ expert says
The oil and gas industry is well into its recovery and embarking on “a new cycle of expansion,” according to the Texas Petro Index released Wednesday. The rig count is up 40 percent over the first...
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