Energy companies grew a little too fat and happy during time of $100 a barrel oil prices, but they have quickly turned a corner to become much more efficient, energy executives said at a Calvetti Ferguson law firm forum.
The firm, which has its main U.S. offices in Houston, said Wednesday that scrapping the four rigs “in an environmentally responsible manner” will cost it $300 million to $325 million in non-cash charges during the first quarter.
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