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May 5, 2020

Mark McClure - ResFrac - oilandgas360

ResFrac Corporation Closes Equity Financing with Altira Group and Launches New User Interface

May 5, 2020

ResFrac Corporation PALO ALTO – May 5, 2020 – ResFrac Corporation (“ResFrac”) an innovative simulation software provider, announced today that the company has closed a preferred share financing with its financial sponsor Altira Group. The funds will be used to support the company’s rapid growth. ResFrac’s revenues grew 250% in 2019 as its customer list doubled. The company has authored

Occidental Petroleum Posts 2-2 Billion Loss in First Quarter- Cuts Budget Again -oilandags360

Occidental Petroleum Posts $2.2 Billion Loss in First Quarter, Cuts Budget Again

May 5, 2020

HOUSTON (Reuters) – Occidental Petroleum Corp on Tuesday swung to a first quarter loss on writedowns and charges, and the troubled U.S. oil producer cut its budget for the third time since March in response to a historic oil-price crash. The company has been struggling with debt taken on in last year’s $38 billion acquisition of Anadarko Petroleum, an ill-timed

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