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Is it time to look for a Job outside the Oil Industry?

These are very unique times we live in, with the Crude oil Crash and the Corona Virus scare wreaking havoc all around the U.S....

El-Erian: I’m worried about a sudden stop in the economy

https://www.youtube.com/watch?v=VWC30Gn2slo A sudden stop may also be accompanied by a currency crisis or a banking crisis or both

Apache says it will reduce its Permian rig count to zero

Apache says it will reduce its Permian rig count to zero over the coming weeks, and plans to lower activity in Egypt and the...

Warren Buffett talks oil price plunge, his investments that are now at a loss

https://www.youtube.com/watch?v=UR22DrkkLJc Berkshire Hathaway CEO Warren Buffett weighs in on investing in oil after having the worst day since 1991.

Bankruptcies & Mass Layoffs Coming to American Shale Companies?

Futures on the Dow Jones Industrial Average plunged more than 900 points. The S&P 500 futures also indicated a 4% drop at the open...

Williston North Dakota is preparing for potential coronavirus patients

The Oilfield is especially vulnerable to the Virus as workers travel by airport and are in constant interaction with other Co-workers, that use Airports...

Exxon Mobil plans to reduce the number of oil rigs operating in Texas

Exxon Mobil said Thursday it plans to reduce the number of oil rigs operating in an oil-rich region in the Southwest and may cut...

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...

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...

U.S. economic data not looking good – Oil prices sink

Oil prices sink as weak U.S. economic data dims demand outlook. - cnbc.com Brent crude futures lost 49 cents, or 0.8%, to $58.76 a barrel,...

Cheap Hotel Rooms in West Texas? Yes , And that’s bad news for frackers

A finance source I speak with contacted me this week with the news they were paying $250 a night for their room at a...

More Oil With Less Drilling Rigs

According to a recent Bloomberg story: "In June 2014, the U.S. pumped 8.4 million barrels of crude using 1,545 drilling rigs. Last month, it...

Christopher Wright Talks About the Slowdown in Fracking

Christopher Wright Good morning, everyone, and thank you for joining us. We're pleased to discuss with you today our second quarter 2019 results. We're proud...

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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