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The U.S. economy is spending $1 billion, or 60%, less on energy right now than it was a year ago, according to a report by Raymond James & Associates. Since the U.S. GDP is about $28 billion per day, this represents a 3.5% year-over-year windfall to our economy. ....
SHREVEPORT, La. – A Bossier Parish man jailed Thursday in the shooting death of a man on Oakley Drive was in Caddo District Court earlier in the week for a ....
PATH FORWARD: Impact of $100 Oil on US Shale hartenergy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hartenergy.com Daily Mail and Mail on Sunday newspapers.
Greetings, and welcome to the Newpark Resources First Quarter Earnings Conference Call. [Operator Instructions] It is now my pleasure to introduce your host, Ken Dennard, Investor Relations for Newpark Resources. Thank you, Mr Dennard. You may begin. Ken Dennard Investor Relations Thank you, operator and good morning, everyone. We appreciate you joining us for the Newpark Resources conference call and webcast to review first quarter 2021 results. Participating from the Company in today s call are Paul Howes, Newpark s President and Chief Executive Officer; Gregg Piontek, Chief Financial Officer; David Paterson, President of Fluids business; and Matthew Lanigan, President of the Industrial Solutions business. Following my remarks, management will provide a high level commentary on the financial details of the first quarter results and near-term outlook before turning the call over to Q&A. And then before I give the call to management, I have a few housekeeping d ....
these are very important for america. you know, there s 18,000 independent producers today that drill 95% of the wells in america. we produce 67% of the oil, 86% of the natural gas that s produced today. we typically invest all that we make, borrow about 30% more, and i m afraid our company falls in that same lot as well. independents are in the exploration and production business. that s what we do. we have no refining operations, and i won t get into the tax consequences. senator nickles covered that very well, section 199 on tax credits can affect us a whole lot. but certainly the idcs do, and if we do away with those, we ll stop this march to energy independence that we ve begun. these same tax provisions not only allowed us to survive the terrible times, disastrous years of the 80s and 90s that eliminated about 50% of the independents within our ranks, but also allows one other important things, and that allows us to fail and try and try again. that s what it too ....