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US rig count up 10 this week to 431

rig count, baker hughes

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 10 this week to 421. A year ago, 862 rigs were active. Oil and gas exploration has plummeted amid depressed energy prices. Houston oilfield services company Baker Hughes Inc. said Friday 341 rigs sought oil and 89 explored this week for natural ...

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What the Dallas Fed Quarterly Report means for Eagle Ford shale jobs

eagle ford, jobs

On June 29th the latest quarterly report released by the Federal Reserve Bank of Dallas addressed the capital spending, costs, production levels, employment and overall current business activities of energy companies from Louisiana, New Mexico and Texas. From approximately 200 gas and oil companies surveyed, 42 percent stated that they expect their employment levels to remain consistent with those of ...

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Not Satisfied With Your Safety Performance?

safety

The Value Proposition Losses are not good for business.  Injuries or property damage cost money and threaten sustainability in a number of ways and often result in bad morale, lost productivity, lost customer opportunities, and higher insurance premiums to name a few. Safety performance is a reflection of a company’s efforts to control loss.  Performance can be measured by a ...

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Authorities: 3 train workers in Texas wreck presumed dead

train collision Texas

DALLAS (AP) — Three missing crew members from the two freight trains that collided head-on in the Texas Panhandle are presumed dead, the Texas Department of Public Safety said Wednesday. Emergency personnel at the scene of Tuesday’s collision about 25 miles northeast of Amarillo have moved to a recovery operation, DPS Sgt. Dan Buesing said. Each train had a two-member ...

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Authorities: No injuries reported in plant explosion, fire

Two explosions and a fire rocked a natural gas plant in southern Mississippi on Monday night, but no one was injured and flames continued for hours Tuesday, authorities said. Emergency Management Director Early Etheridge in Jackson County said the first explosion occurred at 11:30 p.m. and was followed by a larger explosion minutes later. Etheridge said the second blast could ...

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TransCanada seeks $15B for rejection of Keystone pipeline

LINCOLN, Neb. (AP) — The company that proposed the Keystone XL pipeline is seeking $15 billion in damages from the federal government after the Obama administration rejected the Canada-to-Texas project, a company spokesman said Monday. TransCanada Inc. filed a request for arbitration Friday under the North American Free Trade Agreement, arguing that the State Department’s actions led the company to ...

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US rig count down 3 this week to 421

rig count, baker hughes

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. declined by three this week to 421, snapping three weeks of gains after a slide that lasted months and pushed the count to record-low levels amid depressed energy prices. A year ago, 859 rigs were active. Houston oilfield services company Baker Hughes Inc. said ...

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Regulators to take more testimony on PNM rate case

Ex-US scientist sentenced in attempted cyber-attack

ALBUQUERQUE, N.M. (AP) — New Mexico regulators will hear more testimony next week on a request by the state’s largest electric provider to raise customer rates. The Public Regulation Commission called for another hearing to begin Monday after questions were raised about costs incurred by Public Service Co. of New Mexico when the utility purchased the rights to more electricity ...

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