Permian Basin

Tough times are continuing for oil/gas producers and related companies as their finances feel the pinch from fallen oil prices.

Activity declines in the Permian Basin are likely bottoming out, and pricing for hydraulic fracturing services could see some recovery there, analysts at Wells Fargo Securities LLC said in a note with thoughts from the recent DUG Permian Conference.

Houston’s Vanguard Natural Resources LLC is adding to its arsenal of onshore prospects after agreeing to buy cross-town producer Eagle Rock Energy Partners LP, whose natural gas-weighted operations are concentrated in the Midcontinent, Permian and East Texas basins.

Tough times are continuing for oil/gas producers and related companies as their finances feel the pinch from fallen oil prices.

Activity declines in the Permian Basin are likely bottoming out, and pricing for hydraulic fracturing services could see some recovery there, analysts at Wells Fargo Securities LLC said in a note with thoughts from the recent DUG Permian Conference.

U.S. onshore operators Lucas Energy Inc. and Victory Energy Corp. have canceled their merger plans, and the two sides are working toward finalizing terms for a mutual settlement and release agreement.

U.S. shale oil breakevens have fallen by $20/bbl in one year and may decline more on field efficiencies, resulting in a duel with OPEC for market share…

U.S. onshore operators Lucas Energy Inc. and Victory Energy Corp. have canceled their merger plans, and the two sides are working toward finalizing terms for a mutual settlement and release agreement.

U.S. shale oil breakevens have fallen by $20/bbl in one year and may decline more on field efficiencies, resulting in a duel with OPEC for market share, while the rest of the industry fights for relevance, according to Goldman Sachs.