Reuters On July 7, the board of directors at Texas fracking sand supplier Hi-Crush granted nearly $3 million in bonuses to four top executives, including $1.35 million for CEO and founder Robert Rasmus. Five days later, the company declared bankruptcy. The payout marked the latest in a series of board decisions that allowed the oilfield supplier’s top executives and founders
HOUSTON , Aug. 11, 2020 /PRNewswire/ — Williams & Williams, a leader in global …
HOUSTON , Aug. 10, 2020 /PRNewswire/ — Superior Energy Services, Inc. (NYSE: SPN) (the “…
Calfrac Obtains Interim Order in Connection with Recapitalization Transaction And Announce…… Username or E-mail Password Remember Me Forgot Password
HOUSTON , Aug. 5, 2020 /PRNewswire/ — PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN)&#…
Reuters Calfrac Well Services (CFW.TO) investor Wilks Brothers said on Tuesday it submitted a restructuring plan to reduce the company’s debt, and that its terms were better than those proposed by Canadian oilfield service provider’s management. Wilks Brothers’ rival plan, which would give it 60% equity ownership for C$236 million ($176 million) in consideration, follows two earlier bids by the
Calgary, Alberta–(Newsfile Corp. – July 31, 2020) – Trican Well Service Ltd. (TSX: TCW) (” Tr…
ATLANTA , July 29, 2020 /PRNewswire/ — RPC, Inc. (NYSE: RES) today announced its unaudit…
Halliburton Deploying DecisionSpace® 365 powered by the iEnergy® Cloud to integrate and streamline upstream operations HOUSTON–(BUSINESS WIRE)–Jul. 28, 2020– Halliburton Company (NYSE: HAL) today announced it received a scope expansion from Petroliam Nasional Berhad (PETRONAS) to support their upstream digitalization initiatives and reduce exploration time by increasing collaboration and efficiency. PETRONAS is the custodian of Malaysia’s oil and gas resources
Reuters Oilfield services giant Schlumberger NV (SLB.N) on Friday outlined plans for deeper spending cuts after recording a $3.7 billion charge and a second straight quarterly loss on thousands of job cuts and a pipeline outage in Ecuador. The large loss capped second-quarter reports from U.S. oilfield services providers that laid bare the damage wreaked by the coronavirus crisis. Producers
HOUSTON, July 23, 2020 (GLOBE NEWSWIRE) — U.S. Well Services, Inc. (NASDAQ: USWS) will iss……
HOUSTON , July 23, 2020 /PRNewswire/ — PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today……
