oil and gas wells, sit idle in long rows, waiting to be sold. Of the 550-odd employees on the payroll at the beginning of this year, only six remain.Īt GoFrac’s only remaining outpost, a small warehouse and 40-acre gravel yard in Weatherford, 30 miles west of Fort Worth, its huge fleet of sand haulers, chemical blenders and pressure pumps that months before were being used to frack U.S. The firm would soon move into a 22,000-square-foot office on the 12th floor of Burnett Plaza, one of Fort Worth’s most prestigious office buildings.Įighteen months on, however, without work and unable to meet monthly loan payments, GoFrac has closed its doors, its ambitions gutted by a steep dive in oil prices.
REUTERS/Cooper Neillįounded in November 2011 with a loan of around $35 million (22 million pounds), the Fort Worth, Texas-based company was by 2014 making nearly that much in monthly revenues, providing the crews and machinery needed by companies including ExxonMobil XOM.N to frack oil and gas wells from North Dakota to Texas.Įxecutives flew to meetings across the country in a Falcon 50 private jet, and entertained customers at their suite at the Texas Rangers baseball stadium in Arlington. Press T again and it will allow you to fast-forward until morning at which point in time you will automatically sell whatever is in your keepnet and be prompted to purchase a new day's worth of travel accommodations (see 'Cost Per Day' below) allowing you to continue to fish without paying the initial Travel Cost anew.Equipment stored at the Machinery Auctioneers lot for an upcoming auction in Odessa, Texas June 4, 2015. To do this, once you have filled the keepnet, press T to advance Time past 9pm. While leveling, it is recommended that you have the largest keepnet available when traveling to a new location as you will often need to continue to fish at that location for more than one day in order to recuperate the travel costs.
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