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Tag Archives: Houston

US rig count declines by 4 this week to 771

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. this week declined by four to 771. Houston’s Baker Hughes said Friday that 572 rigs were seeking oil and 199 explored for natural gas. A year ago, with oil prices about double the prices now, 1,925 rigs were ...

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AAA: Austin gas prices now average $2 per gallon

The price of regular unleaded gasoline averaged $2 a gallon this week in the Austin area, up 2 cents a gallon from last week and the highest price among the state’s major metros, AAA Texas said Thursday. The $2 average is 77 cents lower than the average price per gallon a year ago this week, the auto club said. Statewide, ...

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Marathon Oil has third-quarter loss as low oil prices hurt

Nov 4 – Marathon Oil Corp, on Wednesday reported a quarterly loss that topped Wall Street expectations, as low commodity prices prompted the a U.S. oil company with operations in Texas and Equatorial Guinea to write down the value of assets. Marathon, based in Houston, also tweaked its production growth forecast for this year. The company expects total output to ...

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US oil, natural gas rig count declines by 12 this week to 775

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. this week declined by 12 to 775. Houston’s Baker Hughes said Friday that 578 rigs were seeking oil and 197 explored for natural gas. A year ago, with oil prices about double the prices now, 1,929 rigs were ...

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Marathon Oil slashes dividend, capex to save cash

Oct 29 – U.S. oil producer Marathon Oil Corp on Thursday said it is slashing its quarterly dividend 76 percent and further reducing capital expenditures to preserve cash on hand as it tries to withstand a prolonged crude price slump. Crude prices have lingered below $50 a barrel for weeks, a level that renders some shale oil drilling unprofitable. To ...

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ConocoPhillips’ King leaves for Houston

FARMINGTON, N.M. — Terri King, vice president for ConocoPhillips’ San Juan Business Unit, is transferring to Houston to work as the company’s vice president of the Mid-Continent Business Unit. King took the job Oct. 1, replacing Bill Patterson, who retired after 31 years with ConocoPhillips, according to company spokeswoman Romelia Hinojosa. The company’s Mid-Continent business unit includes assets in the ...

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Cleanup continues from North Texas derailment during storms

CORSICANA, Texas (AP) — Cleanup crews are dumping gravel to firm up an area near two overturned locomotives that derailed during North Texas flooding. A Union Pacific spokesman said Tuesday that crews are working to rebuild track washed away during storms north of Corsicana. Two crewmembers swam to safety after much of the 64-car train derailed early Saturday during storms ...

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Frank’s International N.V. Named Oilfield Services Company of the Year

Frank's International

HOUSTON, Oct. 20, 2015 (GLOBE NEWSWIRE) — Frank’s International N.V. (NYSE:FI) is pleased to announce that it was recognized as the Oilfield Services Company of the Year at the Southwest and Midcontinent Oil & Gas Awards held at the Westin Dallas Park Central last week. This award category honors and recognizes companies providing multiple services to regional operators. Success in ...

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Halliburton reports 3Q loss

HOUSTON — Halliburton Co. (HAL) on Monday reported a third-quarter loss of $54 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Houston-based company said it had a loss of 6 cents. Earnings, adjusted for asset impairment costs and costs related to mergers and acquisitions, were 31 cents per share. The results ...

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1 fatally shot at Texas Southern University housing complex

HOUSTON — A student was killed and another person was wounded in a shooting outside a Texas Southern University student-housing complex on Friday, and police have detained at least two people, authorities said. The university quickly went on lockdown after the shooting was reported around 11:30 a.m. in a parking lot at the University Courtyard Apartments, a university-owned student apartment building ...

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