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Alpha Resources subsidiaries are going into idle mode

coal mine

On January 30th, Alpha Resources announced in a press release that two of its subsidiaries will be going into idle mode at certain West Virginia coal mines due to weak market conditions and federal government regulations that have tested the Central Appalachian mining industry. Following the rules set by the Worker Adjustment and Retraining Notification (WARN) Act, the company has ...

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Two Beaver County plants laying off workers due to oil market slump

job cuts

A massive oil shift that’s led to lower prices at the gasoline pump is also translating to layoffs at two Beaver County plants. Plants in Koppel and Harmony Township, part of global pipe manufacturer OAO TMK, based in Russia, are laying off about 10 percent of the workforce at both locations due to the rapid decline in oil prices, spokesman ...

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U.S. workers strike for second day at nine refineries; one to shut

HOUSTON  – Union workers were on strike for a second day on Monday at nine U.S. refineries and chemical plants as they sought a new national contract with oil companies covering laborers at 63 plants. The walkouts were the first in support of a nationwide pact since 1980 and targeted plants with a combined 10 percent of U.S. refining capacity. ...

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Oklahoma drilling company to cut 2,000 jobs

Oklahoma-based drilling contractor company Helmerich & Payne’s CEO announced Thursday that the company may have to cut as many as 2,000 jobs. Helmerich & Payne CEO John Lindsay commented: “Our field employee count is directly proportional to our rig count. Based on what we know today, it is possible that we will have approximately 2,000 or more field positions eliminated ...

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Year end unemployment numbers show rapid growth in 2014; oil prices cause hazy future

The Colorado unemployment rate dropped slightly to 4.0 percent in December while Weld County’s unemployment remained steady at 3.9 percent, according to state numbers released Tuesday. The last time the Colorado unemployment rate was this low was October 2007, said Alexandra Hall, chief economist with the state Department of Labor and Employment. In November, the state rate was 4.1 percent; ...

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Lariat cuts 265 Permian workers

Driller Lariat Services laid off 265 people in the Permian Basin as it closes its divisional office, company officials confirmed Thursday, representing another sign of the downturn’s impact on jobs amid low oil prices. “We’ve already got rid of them,” said Manuel Molinar, the Odessa-based operations manager of pulling unit services in the Permian Basin, saying the layoff notices given ...

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OWL closes in on $250 million credit facility

Though low energy costs have triggered strings of jobs cuts and halts in oil and gas operations, other companies have pulled through the price slump all right— some, more than all right. Dallas-based Oilfield Water Logistics LLC (OWL) has secured a $250 million credit facility in Texas Capital Bank, according to a press release. “This challenging oilfield environment is creating ...

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BP shedding jobs in Houston

While BP works in the courtroom to minimize the fines it will pay for the Deepwater Horizon disaster in 2010, the company is simultaneously reducing its presence in the Gulf of Mexico. Unfortunately, scaling back comes hand in hand with job losses. Petro Global News reports that support staff at BP’s Houston office will be seeing a round of layoffs, ...

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EVRAZ is laying off 200

job cuts

The downturn in U.S. oil drilling will prompt EVRAZ to lay off up to 200 workers at its Pueblo steel mill starting Sunday, the company announced Wednesday. Seamless pipe used in the oil field industry is among the three main products made at the 1,000-plus worker plant. The others are rail and rod-and-bar. It is the second largest layoff announcement ...

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La. jobless rate rises even as job totals hit record highs

Louisiana’s economy keeps creating jobs, but it can’t keep up with the state’s growing workforce. The state’s unemployment rate rose in December for the eighth straight month, to 6.7 percent from 6.5 percent in November. Louisiana now ties for the sixth-highest jobless rate among the states. But at the same time, the state hit new all-time highs for jobs, as ...

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