66.2 F
Fort Worth
Friday, October 30, 2020
Energy Basic Energy makes changes as CFO leaves

Basic Energy makes changes as CFO leaves

Other News

Outtakes: Stevie Nicks on Petty, Prince, Beyoncé and Harry

By MESFIN FEKADU AP Music WriterNEW YORK (AP) — Stevie Nicks — who is releasing a new song Friday and a concert...

Kids are probably more strategic about swapping Halloween candy and other stuff than you might think

Margaret Echelbarger, University of Chicago The Research Brief is...

FWHS picks demolition contractor for Stop Six Choice Neighborhood Initiative

Fort Worth Housing Solutions has awarded a $2.8 million contract for the abatement and demolition of the former Cavile Place public housing...

Fort Worth-based Basic Energy Services Inc. (OTCQX: BASX) announced Sept. 30 that CFO David Schorlemer has decided to resign to pursue other interests, according to a company news release. Schorlemer will remain as the Executive Vice President, Chief Financial Officer, Treasurer and Secretary of the company until October 9, 2020.

“On behalf of the Board of Directors and the entire Company, I’d like to express our thanks to David for his leadership during a very challenging period for the industry,” said Keith Schilling, President and Chief Executive Officer. “David was instrumental during a transformative era for the company, playing a key role in the acquisition and integration of C&J Well Services as well as assisting in a successful and significant cost reduction effort that leaves the company in a stronger position to be the trusted production services provider in the United States. The team and I would like to wish David the greatest success in his next endeavor.”

Following Schorlemer’s notification, the board of the company approved the appointment of Adam Hurley to serve as Executive Vice President, Chief Financial Officer, Treasurer and Secretary of the company, effective as of October 10, 2020. Mr. Hurley will perform the functions of the company’s principal financial officer and principal accounting officer. Hurley will no longer serve as Executive Vice President, Operations or as the Company’s principal operating officer. The Board of the company has also approved the appointment of James F. Newman to serve as Executive Vice President, Operations of the company, effective as of October 10, 2020. Newman will perform the function of the company’s principal operating officer

Latest News

Exxon to cut 1,900 US jobs as oil industry struggles

By CATHY BUSSEWITZ AP Business Writer NEW YORK (AP) — Exxon Mobil is slashing 1,900 jobs from its U.S....

Texas Republicans highlight energy issues as a closing argument of campaign

By Mitchell Ferman, The Texas Tribune Oct. 28, 2020 "Texas Republicans highlight energy issues...

Michael Bloomberg gives $2.6 million to Texas Democrat running for railroad commissioner

By Patrick Svitek, The Texas Tribune Oct. 26, 2020 "Michael Bloomberg gives $2.6 million...

Trump intensifies fracking assault on Biden in Pennsylvania

By MARC LEVY Associated PressHARRISBURG, Pa. (AP) — In a late gambit to win the battleground state of Pennsylvania, President Donald Trump...

Donald Trump and Joe Biden sparred over Texas’ energy industry and global warming during final presidential debate

By Abby Livingston, The Texas Tribune Oct. 22, 2020 "Donald Trump and Joe Biden...