Investors in the oil and gas industry are bracing for what analysts suggest will be shocking news in the next few weeks as companies report their quarterly results. Magellan Midstream in Tulsa will issue its report and hold an annual shareholders meeting Thursday. Williams Cos. will hold a meeting on Tuesday and Cheniere Energy will …
Halliburton followed up its recent layoff of 350 workers in Duncan, Oklahoma with the layoff of 384 workers at the South San Antonio, Texas facility that oversees the company’s Eagle Ford Shale operations. Halliburton informed the Texas Workforce Commission on April 7 that it was laying off the workers immediately. The layoffs are expected to …
The woman the oil and gas industry loves to hate stirred up a storm this week when she celebrated after oil prices plunged into negative territory for the first time in recent history. The woman is better known as A-O-C. Representative Alexandria Ocasio-Cortez (D., N.Y.) tweeted “you absolutely love to see it,” as the U.S. …
A new economic report says Midland, Texas will probably be the hardest hit city in the country because of the pandemic and the oil crisis. It’s become the heart of the Permian Basin where the number of oil rigs drilling for more oil dropped faster than a West Texas sunset. With people staying home and …
