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  • American City Business Journals4 months ago

    Freeport-McMoRan Oil & Gas cuts jobs, eliminates executive positions

    Phoenix-based Freeport-McMoRan Inc. (FCX) recently reorganized its Houston-based oil and gas business and now has announced a 25 percent cut to the division's workforce. In its April 5 reorganization announcement, the company said it will take further steps to reduce the division’s costs and capital expenditures while continuing to evaluate potential deals to sell certain FM O&G assets.

  • American City Business Journals5 months ago

    Eagle Ford lawsuit involving Marathon Oil lands in the Texas Supreme Court

    An environmental nuisance lawsuit from the Eagle Ford Shale has landed in the Supreme Court of Texas where a Karnes County family is asking justices to review their case. Landowners Michael and Myra Cerny allege that "strong odors and noxious chemicals" from oil wells surrounding their property off FM 99 made both them and their son sick while the noise reduced the quality of life and the nearby oil field activity damaged the foundation of their home. The case is pending review by Texas Supreme Court justices.

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