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.
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‘Cutthroat’ Times in Oil/Gas Patch as Rig Count Decline Slows
The pace of decline in the U.S. rig count has been slowing, and the latest figures from the Baker Hughes Inc. rig count support this. There has been plenty of pain in the U.S. onshore, and there's more to come, according to analysts at Raymond James & Associates Inc.
May 15, 2015
‘Cutthroat’ Times in Oil/Gas Patch as Rig Count Decline Slows
The pace of decline in the U.S. rig count has been slowing, and the latest figures from the Baker Hughes Inc. rig count support this. There has been plenty of pain in the U.S. onshore, and there’s more to come, according to analysts at Raymond James & Associates Inc.
May 15, 2015
Statoil Alums’ Startup Targeting West Texas Oil Plays
Recent startup unconventional player Luxe Energy LLC is going after oil because that's where the money is, CEO Lance Langford told NGI's Shale Daily.
May 14, 2015
Statoil Alums’ Startup Targeting West Texas Oil Plays
Recent startup unconventional player Luxe Energy LLC is going after oil because that’s where the money is, CEO Lance Langford told NGI’s Shale Daily.
May 14, 2015
Smarter, Fewer Shale Plays to Pay Off for Encana, Execs Say
Concentrating on four principal shale plays — two on each side of the U.S.-Canada border — Calgary-based Encana Corp. anticipates sustained production growth in a $50/bbl…
May 13, 2015
Smarter, Fewer Shale Plays to Pay Off for Encana, Execs Say
Concentrating on four principal shale plays — two on each side of the U.S.-Canada border — Calgary-based Encana Corp. anticipates sustained production growth in a $50/bbl environment after taking a $1.7 billion financial hit in the first quarter from an impairment charge tied to oil and natural gas price declines and a foreign exchange loss.
May 13, 2015
Carrizo Makes Delaware Basin Deal, Is Eyed as Takeout Target
Carrizo Oil & Gas Inc. (CRZO) on Tuesday announced a Delaware Basin farm-out agreement and updated spending plans one day after the company was tipped by an analyst as potentially the next small cap takeout target following Monday's Noble Energy Inc.-Rosetta Resources Inc. deal.
May 12, 2015
Carrizo Makes Delaware Basin Deal, Is Eyed as Takeout Target
Carrizo Oil & Gas Inc. (CRZO) on Tuesday announced a Delaware Basin farm-out agreement and updated spending plans one day after the company was tipped by an analyst as potentially the next small cap takeout target following Monday’s Noble Energy Inc.-Rosetta Resources Inc. deal.
May 12, 2015
Noble Acquiring Rosetta Resources in All-Stock Deal
Noble Energy Inc. is acquiring struggling Texas producer Rosetta Resources Inc. in an all-stock deal worth $2.1 billion plus debt assumption of $1.8 billion…
May 11, 2015
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