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Chevron announces more Houston job cuts

Chevron announces more Houston job cuts

Chevron plans to cut 655 Houston jobs as part of a payroll decrease across its upstream business. The California-based company confirmed the layoffs Thursday. Chevron previously stated it would cut its workforce by 4,000 this year. In 2015, The oil major reduced its workforce by 3,000. The total estimated cuts made up about 10 percent of the company’s workforce at ...

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Southwestern Energy to shed 1,100 jobs

Southwestern Energy to shed 1,100 jobs

Southwestern Energy Co. announced layoffs Thursday as drilling activity stalls. The Houston-based company will reduce its workforce by more than 40 percent, according to filings with the Securities and Exchange Commission. The oil and natural gas driller expects to shed 1,100 jobs as it copes with falling natural gas prices. About 300 of those laid off are part of Southwestern’s ...

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Severance tax would not hurt drilling industry, group says

J.D. Prose, Beaver County Times A new report by a fiscal policy group says drilling companies are not paying their fair share of taxes in Pennsylvania and the effects of a proposed severance tax are being exaggerated. The liberal-leaning Pennsylvania Budget and Policy Center determined that state lawmakers could address a $1.5 billion budget gap by implementing a 5 percent ...

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Opinion: A Marcellus shale severance tax would benefit the powerful unions at the expense of the citizenry

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Washington County farmer Shawn Georgetti was living paycheck to paycheck before the Marcellus shale boom. Thanks to a natural gas lease, he’s finally been able to upgrade his 30-year-old equipment. “It’s a lot more fun to farm [now],” Shawn said. But a new severance tax on natural gas could put an artificial cap on thousands more stories like Shawn’s. How? ...

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