From oil companies to scientific equipment makers, enforcement actions resulted in total corporate penalties of $1.57 billion in 2014 and averaged a record $156.6 million.
E&Ps are also cutting their workforce, while sand suppliers see reduced demand.
Halcón’s budget will fall 60% from 2014 levels while Sanchez reduces rigs.
Purestream is a water services company formed in 2010 with a focus on designing and building water treatment systems to treat produced and frack flow-back water for discharge and re-use in the oil and shale gas industry.
Debt financing and legal representation for the transaction was provided by Comerica Bank and Winston & Strawn, respectively.
Every well drilled should make the next well better. Here’s how prescriptive analytics software is helping operators accomplish this goal.
Quintana will remain an employee of the company until his retirement date and will remain on the board through his current term.
Company touts transparency in dealings with customers as key element of business strategy.
If the deal is terminated, C&J could owe Nabors Industries $17-$65 million in fees.
Companies should start thinking about the resource as a way to fuel long-term growth, says Deloitte’s Sarni.
The iron casting foundry provides beam pumping units and power transmission equipment for oil and gas and power transmission production.
Express Energy Services offers oilfield services in every major hydrocarbon basin in the U.S.