, Feb 5 (Reuters) – Tumbling crude oil prices
have started the clock ticking on a potential $5.3
billion, two-year tax break for North Dakota’s oil producers.
The countdown, which started this week, holds the promise of
a silver lining of sorts for oil producers and their contractors
in the No. 2 oil-producing U.S. state, many of whom have
struggled with a roughly 50 percent drop in oil prices since
, Feb 4 (Reuters) – Halliburton,
Statoil ASA, Hess Corp and other North Dakota
energy companies have decided, for now, not to lay off staff in
the No. 2 U.S. oil producing state, hoping to be prepared for
any prolonged rebound in crude prices.
Many oil producers and their contractors are trying to
strike a balance between cutting costs and maintaining workforce
reserves after a more-than 50 percent drop in oil prices
since last June.