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Tag Archives: layoffs

Halliburton comments on last year’s earnings, 2015’s challenges

Halliburton recently released its fourth quarter earnings report for 2014 and reported total revenues of $8.8 billion compared to the previous quarter’s $8.7 billion, according to The Bakken Magazine. For both the third and fourth quarters of 2014, the company’s adjusted operating income was $1.4 billion. For the third quarter, the operating income was $1.6 billion. For the fourth quarter, ...

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Oil companies merge, make cuts

CARLSBAD – As oil prices fall below $50 per barrel, more companies are cutting costs through layoffs. Oil companies are also merging or acquiring other companies to reduce their own workforce. Matador Resources Co., based out of Dallas, announced Tuesday in a news release that it has acquired Harvey E. Yates Co. out of Roswell, which includes “certain oil and ...

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Rigs drop as downturn continues

Permian Basin oil producers continued to respond to low prices by scaling back, shedding another 15 rigs during the past week to a total 487. The drop followed the starkest national weekly drop since 1991. Two weeks ago, the Permian Basin shed 28 rigs, nearly half of those nationally. Oil producers are expected to release more rigs as their 2015 ...

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Antero Resources to lay off more than 250 contract brokers

CLARKSBURG, W.Va. — Antero Resources plans to lay off more than 250 contract land brokers and focus on drilling. Regional vice president Al Schopp tells The Exponent Telegram that the layoffs won’t affect Antero’s employees. He says prices for natural gas liquids have been affected by a drop in crude oil prices. The price decline prompted Antero to reevaluate how much ...

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Vermont’s sole nuclear power plant ends operations

FILE - In this June 19, 2013 file photo, the Vermont Yankee Nuclear Power Station sits along the banks of the Connecticut River in Vernon, Vt. Its owner, Entergy Corp., said it is closing the plant for economic reasons, and is expected to be disconnect from the regional power grid. (AP Photo/Toby Talbot, File)

MONTPELIER, Vt. — Vermont’s only nuclear plant stopped sending power to the New England grid Monday following more than 42 years of producing electricity. The shutdown came just after noon as the Vermont Yankee plant completed its 30th operating cycle when workers inserted control rods into the reactor core and stopped the nuclear reaction process, the plant’s owner said. In ...

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