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Sourcewater CEO Josh Adler shares insights on water management, entrepreneurship

Sourcewater CEO and entrepreneur Josh Adler

Over a year into the oil price collapse, the upstream energy sector is struggling to survive the economic shock with layoffs, stacked rigs, and new attention to cost-saving innovations in operations and the supply chain.  Responding to the industry need for cost reductions, Sourcewater founder Josh Adler created an Internet platform to reduce the largest expense in today’s oil and ...

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Top Marcellus news stories: April 22-29

Top Marcellus news stories: April 22-29

Read this week’s top Marcellus news stories below. Pipelines and new investments dominated the headlines as the continued shale gas slump impacts Marcellus producers. 5. Constitution pipeline ready to go, Kinder Morgan project shelved ALBANY, N.Y. (AP) — While one company has shelved plans for a natural gas pipeline from New York into New England, another project following a similar ...

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Top Eagle Ford news stories: April 22-29

Top Eagle Ford news stories: April 22-29

Review this week’s top Eagle Ford news stories all in one place. Ukraine marked the 30-year anniversary of the Chernobyl nuclear disaster and ExxonMobil lost its coveted AAA credit rating. Find more stories below. 5. New Mexico sues Texas oil company for lease payments SANTA FE, N.M. (AP) — The New Mexico State Land Office is suing a Texas oil ...

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5 simple spring mood enhancers

UMH, spring, manufactured home

It’s been a long, cold winter for many of us. So, it’s time to open up, throw out and breathe in. Turn “to-dos” into “dones” Spring cleaning is one of those organizational goals filled with good intentions. But without a plan, we never seem to get around to it. Start out with an idea of what you’d like to accomplish ...

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ExxonMobil loses AAA credit rating as debt increases

ExxonMobil loses AAA credit rating as debt increases

Standard & Poor stripped ExxonMobil of its AAA credit rating due to a plunge in oil prices and weak forecast. The Texas-based company was downgraded to an AA+ credit rating. The ratings agency cited “low commodity prices, high reinvestment requirements, and large dividend payments.” The decision comes as Exxon’s debt has increased substantially. “The company’s debt level has more than ...

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Top Eagle Ford news stories: April 15-22

Top Eagle Ford news stories: April 15-22

A deadly explosion devastated a Mexican community and low gasoline prices continue to cause problems in the Gulf states. Scroll down to recap this week’s top Eagle Ford news headlines. 5. ‘Hard choices’ in Texas as oil bust, costly lawsuits collide HOUMA, La. (AP) — It might sound strange, but the penny-pinching folks in Louisiana’s Oil Patch can’t wait for ...

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Schlumberger cuts more jobs in first quarter

Schlumberger cuts more jobs in first quarter

Schlumberger slashed another 2,000 jobs in the first quarter as the energy industry navigates turbulent market conditions. The company’s global workforce now numbers about 93,000, according to Schlumberger spokesman Joao Felix. “The decline in global activity and the rate of activity disruption reached unprecedented levels as the industry displayed clear signs of operating in a full-scale cash crisis,” Chairman and ...

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Bakken crude sold as export first time since ban lifted

Bakken crude sold as export

Hess Corp. confirmed last week that it has sold Bakken crude to a buyer in Europe, the first shipment of North Dakota’s light crude since U.S. Congress lifted the decades-old oil export ban last December. As reported by Reuters, the shipment consisted of 175,000 barrels of Bakken crude. In early April the crude was loaded at a terminal in St. ...

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