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Mass Layoffs While Executives Make Millions

Mass Layoffs While Executives Make Millions and Companies Go Bankrupt. That's according to oilprice.com While West Texas plunged into chaos, some shale founders were apparently...

U.S. oilfield shed 9,344 jobs in July – Oilfield Layoffs Report

The U.S. oilfield-services sector shed 9,344 jobs last month, a 43% increase from June’s losses. That pushes the industry’s total job casualties since the...

List of Frac companies in bankruptcy this week

According to wsj BJ Services LLC filed for bankruptcy Monday, attempting to sell parts of the fracking services business and wind down the rest...

Liberty was built to survive tough times?

Chris Wright -- Chief Executive Officer and Chairman during his Earnings Call. Our industry has been hit with two large shocks since our last quarterly...

Trump has meeting with top oil executives

https://www.youtube.com/watch?v=om0EmmsIBrk President Donald Trump said that the U.S. will “get our energy business back,” as he met with oil executives from at least seven companies...

Whiting Petroleum files for bankruptcy protection

Trump told reporters that he expects Saudi Arabia and Russia to end their price war in a "few days." Denver based Whiting Petroleum said Wednesday...

FED: Third of Americans will be unemployed

Compared to other slowdowns in the Oilfield, Workers today will have a much harder time. Today's Laid off oilfield workers will need to compete...

Mainstream media is just catching on to the harsh reality of oil

https://www.hellenicshippingnews.com/with-world-running-out-of-storage-crude-oil-prices-in-tailspin. Global oil prices continue to be in a tailspin amid nationwide lockdowns to stop the coronavirus (COVID-19) pandemic and a deluge of production from...

THE U.S WILL HAVE NO CHOICE BUT TO SHUT IN WELLS

Oil industry braces for biggest idling of wells in 35 years. The U.S is running out of places to store it's vast amounts of oil...

Oops – US suspends plans to buy oil after funding is left out of...

The U.S. Department of Energy is suspending its plans to buy crude for the country’s Strategic Petroleum Reserve after the requested $3 billion in...

The U.S Oil industry will see thousands of jobs lost

One of the most painful busts in the history of crude oil happened just six years ago when a sharp price drop cost 200,000...

MASS LAYOFFS IN NORTH DAKOTA – TEXAS

https://www.youtube.com/watch?v=Y0LSF_3BJVU John Kilduff, Again Capital founding partner, calls 'Power Lunch' to discuss oil plunging into the close and what's behind the move. John Kilduff, CNBC contributor...

Layoffs – ProPetro cuts almost 150 workers

According to Reuters workers at ProPetro are on the chopping block and more could follow if crude oil prices don't stabilize. Crude prices have...

Job cuts Report – NOV expected Job cuts amid ongoing oil & gas industry...

ob cuts are expected at Houston oilfield service company National Oilwell Varco following the implementation of a company restructuring plan created in response to...
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