Bankruptcies, mergers, acquisitions become part of industry folklore

Bankruptcies, Mergers, Acquisitions Become Part of Industry Folklore

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Once upon a time, there was an industry in the United States that made so much money members of Congress claimed they made “obscene” profits. They even imposed a “windfall profits tax” on the companies. That industry was the oil industry, and the time period was the late 1970s and…

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Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.


3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

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