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Monday, February 08, 2016, 11:07 a.m.
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Jessica Seaman

Stories by Jessica

Benefits of oil slump diluted, analysts report

posted: 02/07/2016 1:48 a.m. Discuss

When oil prices began to decline in 2014, many analysts and economists believed the slump would stimulate growth in the U.S. economy.

Acxiom reports 3Q loss of $1.4M

posted: 02/05/2016 5:45 a.m. Comment 1

Acxiom Corp. recorded a loss of $1.4 million for its fiscal 2016 third quarter, missing analysts' estimates.

Murphy USA set to sell pipeline

posted: 02/04/2016 2 a.m. Discuss

Murphy USA Inc. said Wednesday that the company will sell a pipeline system for about $85 million to an undisclosed buyer.

Murphy USA's Plan B emerges after Wal-Mart ends agreement

posted: 01/28/2016 5:45 a.m. Comment 1

Murphy USA Inc. anticipated for some time that Wal-Mart Stores Inc. would end its agreement to build future fuel stations, the company's CEO said Wednesday.

Murphy Oil cuts capital budget 62%

posted: 01/28/2016 5:45 a.m. Discuss

Murphy Oil Corp. on Wednesday became the latest U.S. energy company to cut its capital budget for 2016 as the prolonged slump in oil prices continues to curtail investment in the industry.

Breakup of Murphy USA, Wal-Mart seen fueling gas rivalry

posted: 01/27/2016 5:45 a.m. Comments 3

The future break between Murphy USA Inc. and Wal-Mart Stores Inc. on new fuel stations increases the odds that the two will become competitors as they expand to new markets, an analyst said Tuesday.

Shale-gas firm to lay off 600 in Arkansas

posted: 01/22/2016 4 a.m. Discuss

Southwestern Energy Co., in announcing extensive workforce reductions nationwide, said Thursday that it will lay off 600 employees in Arkansas -- about 50 percent of its workers in the state -- as the company grapples with plunging natural-gas prices.

Glut lasts into '16; cheap oil lingering

posted: 01/14/2016 5:45 a.m. Discuss

The global oil glut -- more than a year old -- is showing no signs of abating as the world remains overflowing with crude.

Oil prices fall again, closer to $30 a barrel

updated: 01/08/2016 10:07 a.m. Discuss

Frances Wage of Lowell said the lower gas prices give her more freedom on when to fill up. She was putting gas in her Ford pickup Thursday at the Kum & Go at 816 W. Monroe Ave. in Lowell.

CS&L acquiring fiber-network builder

posted: 01/08/2016 2:02 a.m. Discuss

Communications Sales & Leasing, Inc. is buying a company that provides infrastructure for telecommunications carriers in a $409 million deal, the company announced Thursday.

Lower oil prices likely, experts say

posted: 01/05/2016 5:45 a.m. Discuss

Escalating tension between Saudi Arabia and Iran means the quarreling governments are likely to use economic tactics that will lead to even lower oil prices, experts said Monday.

Oil prices not due for '16 rally, analysts say

updated: 01/01/2016 5:50 a.m. Discuss

For the second straight year, oil prices posted large drops as a result of a global glut of crude, and the outlook for 2016 is just as bleak for the industry, analysts say.

U.S. gas prices reach 6-year lows

posted: 12/22/2015 5:45 a.m. Discuss

Americans traveling this Christmas will pay for some of the cheapest gasoline in six years as a continuing oil glut keeps fuel prices down.

Shale driller: Will idle last rigs

posted: 12/19/2015 2:50 a.m. Discuss

Southwestern Energy Co., the main producer in the Fayetteville Shale, plans to pull its two remaining drilling rigs from the natural gas play as plunging natural gas and oil prices continue to roil the energy industry.

Bad Boy Mowers' campus to grow

posted: 12/15/2015 5:45 a.m. Discuss

Bad Boy Mowers is planning a $7.8 million expansion of its operations in Batesville that will add a 68,000-square-foot building to its campus and an additional 160 jobs over several years.

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