A dramatic oil price crash during the fourth quarter and competition from in-basin frac sand mines eroded U.S. Silica’s profits to the point that the Houston sand company closed 2018 with a $200.8 million loss....
Halliburton and Saudi Arabian officials broke ground on the company’s new oilfield chemical plant along the Persian Gulf port of Jubail. Source: FuelFix
Vistra Energy, the Irving-based power company, will pay $50 million more to buy rival Crius Energy, the Connecticut retail power seller, after an unidentified third-party made an unsolicited bid to buy Crius Energy. Source: FuelFix
Midland’s Concho Resources fell short of expectations even though the Permian Basin producer took in a $1.5 billion profits in the the fourth quarter. Source: FuelFix