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Business
Halliburton Lays Off 70 Employees At Bakersfield Plant In California
Halliburton Co. is laying off employees at its Bakersfield plant in California in its latest round of job cuts this year, as the U.S. oilfield services firm struggles with falling profits amid slowing oil and gas activity.
Public Capital
From OGI Editor-In-Chief: A Going-But-Not-Gone Concern
Say it ain’t so! Chesapeake Energy Corp. alerted investors about a possibility it would be unable to remain a going concern through next year if low commodity prices persist. But is it really a big deal?
Business
Harvest Oil & Gas To Buy Back $5 Million Of Shares
Harvest Oil & Gas Corp. said Dec. 5 that its board of directors has approved a share repurchase program under which Harvest is authorized to repurchase up to $5 million of its outstanding common stock.
People
Providence Resources CEO Tony O’Reilly Steps Down
Providence Resources Plc, the Irish-based energy company, said Dec. 6 that Tony O’Reilly has stepped down from the position of CEO and has resigned from the Board (and all subsidiaries) with immediate effect.
People
Forty Under 40: Justin Love, Blackbuck Resources
Today’s featured Forty Under 40 honoree is Justin Love, who founded Blackbuck Resources, a midstream water solutions firm that designs, builds and operates water infrastructure in Texas and New Mexico.
Business
Saudi Aramco Prices Shares At Top Of Range In World’s Biggest IPO
Saudi Aramco priced its IPO at 32 riyals (US$8.53) per share, the top of its indicative range, the company said in a statement.
Earnings
Kinder Morgan Expects Earnings To Decline In 2020
Pipeline operator Kinder Morgan Inc. on Dec. 5 said it expects core earnings to decline next year as it increases its dividend and uses proceeds from asset sales to pay down debt.
Company Profiles
Key Players: Shale Growth Slows For Top US Operators
Second-half 2019 results show glimmer of hope for a promising 2020. This section profiles 43 major U.S. shale players operating in the Permian, Eagle Ford, Rockies, Midcontinent and Appalachia and covers their latest 2019 production results and 2020 forecasts.
People
Forty Under 40: Matt Loreman, Development Capital Resources
Today’s featured Forty Under 40 honoree is Matt Loreman, who leads a team in Houston that sources, negotiates and manages JVs for DCR, an oil and gas platform he co-founded.
Business
Chesapeake Arranges For Loan Up To $1.5 Billion, Shares Rise
The lenders arranging the secured first lien, last out 4.5-year term loan facility are JPMorgan Chase Bank, Morgan Stanley Bank, Bank of America and MUFG Bank, the Oklahoma City-based company said Dec. 4.