Collin Eaton joined the Houston Chronicle's team of energy reporters in 2013, after covering the financial industry for another publication. He writes mainly about U.S. oil companies and developments in international oil markets.

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Weatherford to cut 90 jobs in Katy

HOUSTON – Weatherford International plans to cut about 90 jobs at an oil-equipment facility in the Houston area, the company told Texas regulators this week. It’s a small part of the mass layoffs that have swept across the oil industry for two years and cost Texas more than 100,000 jobs. Weatherford ...

Texas drillers may start hiring soon, as long as prices hold up

HOUSTON – Rising crude prices could spur hiring across the Texas oil patch by August, a regional economist says, beginning a slow but steady reversal in the state’s energy employment after struggling drillers shed 1 in 3 jobs. Over the past two months, a dozen U.S. oil companies — including De ...

Drillers may return to dormant wells as confidence in recovery grows, Rystad says

HOUSTON – Crude prices have climbed high enough that drillers could soon tap into the big backlog of dormant wells left behind in the darkest days of the energy bust, energy experts say. Click through the gallery above to see an abandoned drilling site near Bigfoot. The shale industry could bring so ...

Saudi energy chief: Oil glut is past

HOUSTON – The man in charge of Saudi Arabia’s oil empire says the energy glut that kindled a crippling oil rout and thrashed Houston’s biggest business for two years has finally vanished. Click through the gallery above to see how the oil glut has affected the economy. “We are out of it,” Saudi ener ...

Marathon to snap up Oklahoma driller for $888 million

Click through the gallery above to see how Marathon ranks among Houston’s biggest companies. Marathon Oil Corp. is planning to spend nearly $1 billion on a company with a foothold in what analysts believe is the hottest new U.S. play for horizontal drilling. The Houston oil company’s $888 mill ...

Job cuts could subside by 4th quarter. But there’s a big ‘if.’

The oil industry’s $1 trillion pullback in drilling projects has cost the U.S. nearly 135,000 oil and gas jobs, but the financial carnage that has left thousands in Texas out of work could end soon. If crude prices stick near $50 a barrel, it could take three or four months for job losses to come .. ...

Goldman Sachs: The oil rebound remains fragile

HOUSTON – The recent rebound in oil prices is fragile, Goldman Sachs said in a report Wednesday. Crude production in Canada and Nigeria has fallen off, but beyond the disruptions that have pushed oil prices up in recent weeks, the market still hasn’t worked through much of its surplus, the bank said ...

$1 trillion on upstream projects cut through 2020, WoodMac says

HOUSTON – The collapse of oil has forced the energy industry to delay $1 trillion in projects aimed at pumping crude and searching for oil through the end of the decade, leaving 7 billion barrels of crude in the earth. And though crude prices have risen above $45 a barrel, the industry is expected t ...

Will rising oil prices eventually hurt producers?

If crude prices keep rising, some U.S. oil producers could lose a key advantage that has helped them ride out the downturn. Fuel Fix’s Collin Eaton looks at how how much the cost of drilling could rise and what effect that will have on producers who have benefited from recent low overhead. Rea ...

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