Houston oilfield service company Halliburton plans to close an office just west of Oklahoma City where more than 800 employees are losing their jobs. Click Link 👇🏽 In a Monday morning letter filed with the Oklahoma Office of Workforce Development, Halliburon Vice President of the MidCon Area Michael […]
Two employees and one contractor have been injured after a refinery explosion rocked the area around Port Neches Wednesday morning. Texas Land & Oil Caps The Nederland Fire Department reports that around 1 a.m. the TPC plant exploded off Highway 366 near Merriman. That’s near Nederland and Beaumont, […]
Houston pipeline operator Enterprise Products Partners Reports a $1 Billion Profit During the Third Quarter but missed Wall Street revenue expectations amid weaker commodity prices for crude oil, natural gas and natural gas liquids such as ethane, propane and butane. Enterprise reported a $1 billion profit on nearly […]
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Houston oilfield service company Halliburton laid off 650 employees in four western states from New Mexico to North Dakota as demand for drilling and hydraulic fracturing services remains week amid lackluster oil prices. American Oilfield Caps Halliburton filed a notice this week with the Colorado Department of Labor […]
An explosion at an oil storage facility in Crockett on Tuesday afternoon sent a huge fireball into the air in West Contra Costa County California, shaking buildings and rattling windows for miles around and igniting a fire at that was expected to burn for hours. Puro Pinche Oilfield […]
A bit of good new to end week: After 8 weeks of declining US oil and gas rig counts, we’ve finally edged upward. Puro Pinche Oilfield According to weekly data from Baker Hughes, The U.S. added two oil rigs and lost one gas rig for a net increase […]
Baker Hughes rolled out its new look Tuesday to mark its independence after more than two years of majority ownership by the industrial conglomerate General Electric Co. Oilfield1 Caps The Houston oilfield service company is dropping the GE logo and exchanging its former blue letters for dark green […]
Oil majors and large independent exploration companies are beginning to dominate the Permian Basin in West Texas, but smaller, private equity-backed companies are still doing a lot of drilling. Awesome Oilfield Caps Backed by $1 billion from New York private equity firm Apollo Global Management, Double Eagle Development […]
While Callon would acquire for $1.2 billion Carrizo, the sale is pitched as a merger of near-equals of Houston-based producers in an all-stock deal. But New York hedge fund manager Paulson & Co., which holds nearly 10 percent of Callon’s shares, is contending it’s a bad deal. Texas […]
