In July 2018, oilfield service executive Dale Redman took out a loan to buy the ...
Fracking work involves pumping water, chemicals and sand into underground rock formations at high pressure to break up rocks and free deposits of oil and gas inside.
A Reuters examination of other public records revealed that the sand-mining company was named Covia Holdings Corp. , and the oil exploration and production company that leased Covia the land was Redman’s Red Hogg LLC. Redman also rented out his private jet to ProPetro for business trips, receiving nearly $400,000 in 2018 and at least $451,278 in the prior two years combined, ProPetro SEC filings show.
Redman’s son-in-law, for example, worked in sales for ProPetro, and brought home $530,500 in 2018. Former CFO Smith’s daughter was the controller, and pulled in $338,800. And the son of the chief operating officer, David Sledge, was its head of investor relations, with compensation of $717,000, according to ProPetro filings.In the middle of last year, ProPetro said in an SEC filing it had begun an internal audit of financial controls.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Why Texas is so far behind other states on virus responseTexas is a big state with a proud small-government philosophy. And that’s being tested by the Covid-19 pandemic
Baca lebih lajut »
Texas tornado warning as twister spotted in Taylor County, tornado watch in effect for several counties across stateTornadoes were reported in Texas as strong northeasterdly winds brought rain and thunderstorms to large parts of the state.
Baca lebih lajut »
Oil plunge sets off search for tanks on land and at seaTraders are scrambling to secure oil storage tanks on land and at sea to cope wi...
Baca lebih lajut »
Challenges to Women's Sexuality and PleasureWhy we might be in the middle of a sex recession—and the different factors that may be driving it
Baca lebih lajut »
Chanel Halts Production, Temporarily Shuts European Sites.Chanel pledged to pay all of its workers during the period, and those who can are working remotely. 🔐
Baca lebih lajut »
Government borrowing costs jump as virus-related support costs climbBorrowing costs in the United States, euro zone, Britain and Japan surged on Wed...
Baca lebih lajut »