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A sign tower reaches toward the sky at the entrance to Schlumberger's Sugar Land campus. (AP file photo/Pat Sullivan)

Schlumberger cuts another 11,000 jobs in wake of oil crash

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Oil field services firm Schlumberger announced Thursday it plans to ax another 11,000 workers, kicking off what could be a second major wave of layoffs across the oil industry.
(Photographer: Daniel Acker/Bloomberg)

Wages for oil and gas workers are growing the slowest of any industry

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Falling oil prices and a slowdown in the energy sector have prompted wage growth in the oil and gas industry — as well as Houston at-large — to come to standstill, according to new data.
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A Tenaris Conroe employee lines up a stack of pipes so a Petibone forklift can pick the up to put into another pile waiting to be finished for sale Tuesday, April 13, 2010, in Conroe.  (Nick de la Torre/Chronicle)

Hundreds more Houston-area jobs cut as oil-equipment demand falls

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Falling oil prices have prompted businesses affiliated with the the energy industry to announce more than 400 job cuts in the Houston area as demand for their products and services falls.
(oilfieldservicesgrandeprairie.com)

Oil layoffs slowed in March, but firms still say 12,800 jobs will get axed

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So far, Texas is outpacing every other state in planned layoffs, with 47,000 job cuts this year.
Original byline: Jim Blecha/

Experts: New Mexico oil patch could lose 2,000 jobs

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The number of drill rigs operating in the San Juan and Permian basins has dropped from 85 to 60 over the past year, and state energy Secretary David Martin said each rig directly employs 50 workers and another 50 to 70 in support jobs.
(AP Photo/Reed Saxon, file)

Americans drove more than 3 trillion miles last year

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The 33 percent slide at U.S. pumps, combined with an improving job market, touched off a national spending spree on sport utility vehicles, vacations and Christmas presents.
(AP Photo/Seth Perlman)

What to do if you lose your energy job

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Some experts predict upstream oil and gas job cuts in Texas could reach 50,000. An energy sector recruiter explains what laid off workers should do to boost their job prospects.
(Photo by Eddie Seal for Bloomberg News)

Texas oil taxes crumple 40 percent during price collapse

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As oil prices have fallen, hundreds of drilling rigs have been swept to the sidelines from the Permian Basin near Odessa and Midland to the Eagle Ford Shale in the south.
(Eddie Seal/Bloomberg)

Oil sector loses jobs in February

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About 1,100 oil and gas workers lost their jobs in February, as low crude prices spurred energy companies to lay down rigs and lay off employees.
(Photo by Andrew Burton/Getty Images)

Texas producers paid record amont of state and local taxes last year

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The figures come at a time when the energy sector is dramatically slowing its activity in Texas amid falling oil prices, prompting some concern about whether public entities that have grown accustomed to oil money could feel the pinch as production slows.