Gov. Greg Abbott signs a bill that erases November’s Denton, Texas, hydraulic fracturing ban but many ordinances, particularly subsurface oil and gas regulations, may also be history.
The company, struggling after a $665 million deal fell apart, is also selling Liberty County, Texas, oil and gas leases it owns and operates on about 680 net acres.
Analysts at Wood Mackenzie break down breakeven points in various shales, saying the Eagle Ford is built to last and that the sector is coping with collapsed oil prices.
An analyst argues that Noble’s D-J Basin assets may not have the firepower touted by the company, while another says the merger may prove to be the way large deals get done.
Parsley, like Pioneer Natural Resources and RSP Permian, is ready to deploy more rigs by June and up spending if oil strengthens despite a rocky ride in the Permian Basin.
Combined midstream operations will include the Marcellus, Utica, Eagle Ford, Haynesville, Barnett, Midcontinent and Niobrara. It’s anticipated to be one of the largest, high-dividend paying C-Corps in the energy sector.