Deals & Trends

A 500-rig cut may be delivered within 60 days, Wunderlich analyst says.

Company’s stock has fallen 22% since it announced the Baker Hughes merger.

Overall, the upstream sector may cut as much as 20% of capex. 

Swaggart works in shale plays such as the Permian, Eagle Ford, Bakken and Marcellus.

The company says divestitures will stabilize its faltering liquidity.

Acreage was reduced by about 80% to 282,100 net acres from 1.38 million.