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Oilfield company in Tioga County to close; 104 jobs to be cut - WETM - MyTwinTiers.com

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Oilfield company in Tioga County to close; 104 jobs to be cut

MANSFIELD, Pa. ( WETM) – An oil and gas company located in Mansfield will close permanently in April, leaving some without a job.

According to the Pennsylvania Department of Labor & Industry, NexTier Completion Solutions, Inc., located at 14235 Route 6 in Mansfield, will be closing permanently on April 13, 2024.

As a result, 104 jobs will be lost.

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While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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