Oil companies are burning a record amount of natural gas instead moving it to market and selling it, according to a new report from the U.S. Energy Information Administration. The volume of U.S. natural gas reported as vented and flared reached its highest-ever average annual level of 1.28B cf/day in 2018, the EIA says, adding that the percentage of …
The layoffs of hundreds of workers at Halliburton’s El Reno operations center last week are not the only ones to hit the Houston-based company. Halliburton is cutting more jobs in Bakersfield, Calfornia where 70 employees are being let go right before Christmas. Halliburton didn’t confirm any time for the layoffs but issued a statement. The …
The interstates will be void of Celadon trucks this week as the Indiana trucking giant declared bankruptcy, potentially leaving more than 3,200 drivers stranded away from home. Celadon grossed $1 billion in 2015 but plans to file bankruptcy on Wednesday. If so, it will be the largest truckload bankruptcy in U.S. history. A report by …
