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The Bankruptcies and Job losses for the week

More than 100,000 American oil workers have lost their jobs since the Corona-pandemic slump began, with service companies bearing the brunt. After more than...

Oilfield companies will always put the bottom line first

It's all about the profit margins We live in a capitalist country after all. so we shouldn't be surprised when companies layoff thousands of...
oilfield layoffs

Thousands of oil wells have been shut in

Something that was considered unthinkable in the past is now a reality all across the U.S oilpatch. Across the  Permian Basin that is West Texas...

Earnings Report & Marathon Oil (MRO) laid off 16% of its workforce

Marathon Oil (MRO) missed views and laid off 16% of its workforce, while halting dividend payments and buybacks. It also cut its 2020 capital...

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...

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...

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...

Continental Resources plans to cut rigs and spending in 2020

Continental Resources on Thursday cut its 2020 capital spending budget by 55%, reports said. Continental Resources said it intends to spend about $1.2 billion in...

OILFIELD LAYOFFS ARE SKYROCKETING IN TEXAS & NORTH DAKOTA

Many companies are proceeding with temporary layoffs due both to crashing oil prices and the spread of the novel coronavirus that causes COVID-19. (Bloomberg) --...

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 in the oilfields expected after crude oil prices dive

If oil prices do not change for the better we can expect the following to come to fruition. MIDLAND, Tx. (KOSA) - Oil prices took...
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