#OilmanNEWS 2016 January-February 

Oklahoma-based Devon Energy Announces Plans for Layoffs Amid Energy Downturn

Devon Energy announced plans to layoff workers in the coming months. The company’s CEO Dave Hager made the announcement during an employee town hall meeting at the Cox Convention Center in Oklahoma City on Jan. 20. The announcement comes as oil prices continue to tumble across the nation, leaving many oil companies in a precarious situation. “To maintain our financial… Read More
2016 January-February Mergers and Acquisitions Oklahoma Press Release 

Maverick Brothers Resources Announces Sale of Oklahoma STACK Properties

ENID, OKLAHOMA (December 14, 2015) – Maverick Brothers Resources (Maverick), an Enid-based independent oil and gas exploration and production company, announced the sale of its Fonda Project by its affiliate, Maverick Brothers Energy, to an undisclosed buyer on August 1, 2015. The properties are located in northeast Dewey County and consist of 14,042 net/20,870 gross acres of leasehold in 33… Read More
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2016 January-February OILMAN Publisher 

Hurry up n’ wait

Letter from the Publisher The price of oil has been like a bad business partner who’s been on vacation all year. At 10 year lows a lot of people are worried and hopeful we’ve seen the bottom. I’ve literally listened to 100 financial experts explain where the price is going and when. Regardless of which opinion you listen to there’s… Read More
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2016 January-February Features 

Forecasting the Price of Oil

Oil is a closely watched commodity, and when its price moves, whole industries and whole economies can be shaped and defined. With the price of oil’s decline in December 2015 to below $35 per barrel for the first time since 2009, the U.S. oil exploration and production (E&P) sector has slowed to a blip of its previous boom. The price… Read More
2016 January-February 

Jumping Off a Drilling Platform Into the Deep Blue Sea

Every day it seems I hear about how this never-ending oil slump is affecting major corporations worth millions of dollars. But what about “the little guy?” What about those mom and pop companies that service the oil industry; the independent contractors that are hard-pressed for work; the small start ups that unknowingly chose a bad time to start up? How… Read More
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