Deals & Trends

Potential buyers have had to cut employees, and so far few companies are going out of their way to aggressively buy frack fleets or other equipment.

After three years and $2.2 billion spent buying Eagle Ford, Permian and Arkoma Basin assets, Atlas plans to use $35 million in proceeds to pay down debt. 

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.