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To: rktman

The new regulations in California on Fracking has caused a big layoff of oil workers and the rigs are moving out.


3 posted on 03/31/2014 5:38:58 AM PDT by spokeshave (OMG.......Schadenfreude overload is not covered under Obamacare :-()
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To: spokeshave
Friday, Mar 28 2014 12:16 PM New fracking rules lead to confusion, layoffs BY JOHN COX Californian staff writer jcox@bakersfield.com

Permitting delays related to California's new hydraulic fracturing law are taking a toll on Kern County oil field employment.

Oil services giant Baker Hughes Inc. said Friday it is laying off or reassigning 110 workers in Bakersfield, Shafter and the Los Angeles Basin -- a modest but significant share of its California workforce, a company manager said -- because of delays its customers face in getting approval to "frack" wells under Senate Bill 4.

Halliburton, another large national company offering fracking services locally, said it will redeploy about 70 California employees to other states but not cut its Kern County workforce. It did not directly blame the move on permitting delays, but said customers' ability to obtain permits is among the main variables affecting its business.

4 posted on 03/31/2014 5:42:43 AM PDT by spokeshave (OMG.......Schadenfreude overload is not covered under Obamacare :-()
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