Risk from falling commodity prices might cause bondholders to exercise their cash options.
Capex cuts continue to edge higher, with analysts estimates of 25-37%.
Talisman lost more than half of its value this year and was propped up by Repsol’s huge offer.
Firm’s war chest replenished with $1.5 billion after third private placement since 2007.
Combined, the companies would have a presence in more than 50 companies with 7,000 employees.
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.
FTSI’s wireline capacity increases tenfold and extends service to all major shale plays.
|E&P||USD 13000||Members only||Talisman Energy Inc.|
|E&P||USD 1950||Members only||Linn Energy LLC|
|E&P||USD 350||Members only||Linn Energy LLC|
|E&P||USD 0||Members only||ExxonMobil Corp.|