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New energy engineering CEO braces for challenges

2015-01-08 08:08:09| Oil & Gas - Topix.net

The problem is he's taking over a company that focuses largely on hydraulic fracturing, or fracking, and drilling and completion jobs at a time when U.S. oil prices have plummeted below $50 a barrel and many energy companies are scaling back on their capital expenditures. "We're in a very dynamic market right now, and it's certainly not going to be easy to manage our way through," Morgan said.

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