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Tag Archives: first quarter earnings

Weatherford cuts 3,000 jobs

Texas oil, pumpjack

Weatherford International plans continued cost cuts to bring its net debt from $6.5 billion at the end of 2016 to less than $3 billion over the next four years, said CEO Krishna Shivram on a Feb. 2 conference call, reports the Houston Business Journal. Part of the plan to reduce costs comes in the form of job cuts. The company ...

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Chesapeake Energy: More land, more drilling means being better than the rest

Chesapeake Energy Corporation's 50 acre campus is seen in Oklahoma City, Oklahoma in this file photo taken April 17, 2012.  Chesapeake Energy Corp swung to a quarterly net loss, hurt by charges related to its efforts to reduce debt and simplify its balance sheet.  REUTERS/Steve Sisney/Files

While already being the top dog in eastern Ohio’s Utica Shale play, Chesapeake Energy wants to take on more land and prove it can drill more efficiently than other operators in the region. Today, while executives went over the company’s first-quarter earnings, talk about Chesapeake’s efficiency, especially in Ohio, became the main topic of discussion.  As reported by the Columbus ...

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