99-33317. Matador Petroleum Corporation, Dallas, Texas; Notice of Negative Determination on Reconsideration
[Federal Register Volume 64, Number 246 (Thursday, December 23, 1999)]
[Notices]
[Pages 72104-72105]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-33317]
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DEPARTMENT OF LABOR
Employment and Training Administration
[TA-W-36,219]
Matador Petroleum Corporation, Dallas, Texas; Notice of Negative
Determination on Reconsideration
By application dated August 20, 1999, the company requested
administrative reconsideration of the Department's negative
determination regarding eligibility to apply for Trade Adjustment
Assistance (TAA), applicable to workers and former workers of the
subject firm. The denial notice was signed on June 30, 1999, and
published in the Federal Register on September 11, 1999 (64 FR 43723).
The June 30, 1999, denial of TAA for workers engaged in employment
related to the exploration and production of crude oil and natural gas
at Matador Petroleum Corporation, Dallas, Texas, was based on the
finding that criteria (2) and (3) of group eligibility requirements of
Section 222 of the Trade Act of 1974, as amended, were not met.
Employment levels and revenues derived from the sale of articles
produced at the subject firm increased during the relevant time period.
The company provided new information regarding employment at the
subject firm, showing that the number of workers did decline in January
through March 1999 and that there is a threat of additional layoffs.
Based on this new information criterion (1) is met.
The company explains that the revenues derived from the sale of
crude oil and natural gas increased because the company found
significant amounts of oil and gas. Profits of the subject firm,
however, declined because they were forced to sell the products at a
price lower than the associated costs of production; the low price of
imported products drove the price down.
The Trade Act of 1974 does not provide for working group
certification based on the cost of producing products. Price is not a
criterion for worker group certification.
[[Page 72105]]
Conclusion
After reconsideration, I affirm the original notice of negative
determination of eligibility to apply for worker adjustment assistance
for workers and former workers of Matador Petroleum Corporation,
Dallas, Texas.
Signed at Washington, D.C. this 13th day of December, 1999.
Grant D. Beale,
Program Manager, Office of Trade Adjustment Assistance.
[FR Doc. 99-33317 Filed 12-22-99 8:45 am]
BILLING CODE 4510-30-M
Document Information
- Published:
- 12/23/1999
- Department:
- Employment and Training Administration
- Entry Type:
- Notice
- Document Number:
- 99-33317
- Pages:
- 72104-72105 (2 pages)
- Docket Numbers:
- TA-W-36,219
- PDF File:
-
99-33317.pdf