Stevens Tanker Division closes and eliminates 586 jobs across Texas

Dallas-based Stevens Tanker Division has notified the state of Texas it will cease operations by October 15.

The closure will permanently affect 586 jobs across Texas, according to a notice sent to the Texas Workforce Commission.

The tanker division, part of Dallas-based Stevens Transport, serves oil and gas drilling operations in Louisiana, New Mexico, Oklahoma and Texas. The company was involved in the transport of water and frac sand used for drilling.

Officials at Stevens Tanker Division told employees market volatility and a reduction in frac sand orders were the reasons for closing.

https://www.freightwaves.com/news/stevens-tanker-division-closes-and-eliminates-586-jobs-across-texas

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Not good for the workers, but if it means fracking is finally being reduced, I'm all for it.