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Chesapeake Energy maintains $4 billion credit facility

NEW YORK (AP) — Shares of Chesapeake Energy soared Monday, after the natural gas producer said it was able to amend terms with its lenders and maintain a revolving credit facility at $4 billion. A revolving credit facility allows companies to withdraw money from lenders when needed. In a research note Monday, Citi Research analyst Marisa Moss said the amended ...

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National Oilwell slashes dividend, expects weak revenue

National Oilwell slashes dividend, expects weak revenue

NEW YORK (AP) — National Oilwell Varco Inc. will slash its quarterly dividend and expects a revenue decline as persistently low oil prices cut into sales of drilling equipment and oil-field services. The Houston-based company’s board of directors approved slashing the dividend to 5 cents from 46 cents. The company also expects revenue of about $2.16 billion, marking a 20 ...

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Sanders criticizes Clinton record on fracking

The Latest: Sanders criticizes Clinton record on fracking

WASHINGTON (AP) — The Latest on campaign 2016 (all times Eastern Daylight Time): 11:05 a.m. A swing through upstate New York is providing Bernie Sanders with a fresh opportunity to contrast himself with Hillary Clinton on fracking — an oil and gas drilling method that’s been banned in the state. In a lengthy riff at a rally in Binghamton, New ...

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Mexico thieves build tunnel, camouflaged truck to steal oil

Mexico thieves build tunnel, camouflaged trucks to steal oil

MEXICO CITY (AP) — Authorities in central Mexico say thieves built a camouflaged truck to transport fuel stolen from government pipelines. Police found a tunnel built by pipeline thieves in the same state of Guanajuato last week. The discoveries show the sophistication of thieves who drill taps into state-owned pipelines thousands of times every year to steal gasoline and diesel. ...

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Top Eagle Ford news stories: April 1-8

Take a look back at the top Eagle Ford news stories of the week. Depressed oil prices continue to impact economies at home and abroad. Houston lost more jobs as it weathers the oil bust, and an OPEC official said a deal to freeze production will be reached soon. 5. Once wedded to oil, Houston economy carries on despite bust HOUSTON (AP) ...

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US rig count drops to 443 this week, Texas loses 7

US rig count drops to 443 this week, Texas loses 7

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. dropped by seven this week to 443, another all-time low amid depressed energy industry prices. A year ago, 988 rigs were active. Houston oilfield services company Baker Hughes Inc. said Friday 354 rigs sought oil and 89 explored for natural gas. Among major oil- ...

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No injuries reported in Houston Ship Channel refinery fire

HOUSTON (AP) — A fire at a Houston-area refinery has been extinguished after it sent a large cloud of dark smoke over a wide area of southeast Houston. Houston Fire Department Senior Capt. Ruy Lozano says no injuries have been reported in the blaze that broke out late Friday morning at a LyondellBasell plant. Flames were extinguished within about an ...

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Scalise to take peers on tour of Gulf’s offshore drilling

Scalise to take peers on tour of Gulf's offshore drilling

NEW ORLEANS (AP) — House Majority Whip Steve Scalise is taking a batch of congressmen on a tour of the Gulf of Mexico’s oil and gas offshore drilling industry. Scalise, a Republican from Louisiana, has led energy tours for his peers since he became a House member in 2008. On Friday, he’s showing off the industry to six other congressmen ...

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Several earthquakes recorded in Oklahoma

HARRAH, Okla. (AP) -- The U.S. Geological Survey reports three moderate earthquakes have been recorded in central and northwestern Oklahoma.

LUTHER, Okla. (AP) — The U.S. Geological Survey has recorded several small to moderate earthquakes in Oklahoma, including a magnitude 4.0 quake. The temblor was recorded at 5:27 p.m. Thursday, 1 mile north of Luther — or 25 miles northeast of Oklahoma City. The Logan County Sheriff’s Office says no injuries or damage are reported. The quake is one of ...

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