More restructuring, bankruptcies coming for the energy industry: Expert warns.
Michael Bradley, Tudor, Pickering, Holt and Company managing director and senior equity salesperson, joins ‘The Exchange’ to discuss the oil and gas industry and his Bankruptcy expectations from the OPEC meeting.
More bad news for FRAC Crews And Oilfield Services Companies
Chief Executive Chris Wright from Liberty frac
The firm has no plans to add more equipment to its fleets, Chief Executive Chris Wright told investors on an earnings call on Wednesday, adding that pricing pressures would remain until a capacity glut ends.
Denver, Colorado-based Liberty Oilfield Services operates 23 hydraulic fracturing fleets, which are used to pump water, sand and chemicals into the ground to complete shale oil wells. – liberty-oilfield-services-ceo-expects-pricing-pressure-to-continue.140/
Oasis Petroleum (OAS) Reports Q3 Loss
Oasis Petroleum (OAS) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items. – oasis-petroleum-oas-reports-q3-loss-tops-revenue-estimates.138/