5.Halliburton, Baker Hughes shareholders overwhelmingly approve merger
Nearly 99 percent of the shareholders at Halliburton’s special meeting voted in favor of the proposal to issue Halliburton shares. Baker Hughes shareholders also supported the merger overwhelmingly, with 98 percent of shareholders voting to approve the deal. Halliburton chairman and CEO Dave Lesar is pleased with the results and is looking forward to moving ahead. Read more after the click.
4. In Texas oil town, early signs of economic strain as drilling slows
NEW YORK – Sales tax receipts in the thriving oil town of Midland, Texas, fell this month, only the second decline in five years and one of the first signs of how low oil prices are beginning to ripple beyond oil company bottom lines and into the wider economy. Click here for more on this story.
3. EIA: The U.S. hit records unseen for a century
The United States hit a milestone last year that hasn’t been accomplished in over a hundred years. According to the U.S. Energy Information Administration (EIA), 2014 was the largest volume increase in oil production (including lease condensate) since recordkeeping began in 1900. Read more here.
2. Mexican oil rig burns off coast, 4 dead, 16 injured
MEXICO CITY — A fire at a shallow-water oil platform in the Gulf of Mexico has killed four workers, injured 16 and forced the evacuation of 300, Mexico’s state-owned oil company said Wednesday. Read the full story here.
1. 21 oilfield memes to take our minds off of rig counts
Memes, memes everywhere. They are a cornerstone of what makes the internet so great and literally any community can participate. It’s no surprise that this particular comedic form of cultural interaction and communication could find prime material in the oil and gas industry. See them all after the click!