Cimarex plans to sell 7 million shares, which may be used to accelerate drilling and completion work in the Delaware Basin and Cana-Woodford after the company cut rigs.
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.
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.
Carrizo works out a farm-out agreement in Texas that will build on its acreage while Emerald plans to drill five wells on estimates of 400 locations in New Mexico.
U.S. oil and gas deal activity stalls in first-quarter 2015 due to low oil prices while corporate deals surpass asset transactions for the first time in five years.
Noble will acquire 56,000 acres in the Permian and 50,000 in the Eagle Ford to buy Rosetta at a premium of nearly 40%.
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