Domestic crude oil production increased 1.0 million bbl/d – rising more than the combined increases in the rest of the world – to reach its highest level in 24 years. This increase marked the largest observed annual increase in U.S. history.
Top 100: Industry Award: Energy Services Company Prepares for Market Recovery
Emerge Energy Services LP, a diversified energy services partnership headquartered in Southlake, had a stellar run after going public in 2013. Its stock reached almost $146 per share one year ago in August. The company’s growth soared from $873,255 million in 2013 to more than $1.1 billion in 2014.
Then, beginning in 2015, the oil and gas industry started into a nosedive. Because of the decline in energy prices, Emerge Energy’s stock has dropped a staggering 80 percent in just under a year, trading at around $17 today.
The company’s business, however, remains strong and continues to move forward.
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