The $5.9 billion Encana bid for Athlon Energy may lift up more than shares of Athlon, which rallied 25% on Monday — the deal is also good news for other companies focused on west Texas’ Permian Basin.
Current operations 3.15 times more productive than those of January 2014 EnerCom has released the latest Effective Rig Count, examining the state of drilling activity in major shale basins. The EERC rose in April, reaching 2,826 rigs. This indicates it would take 2,826 rigs from January 2014 to match the current activity level, due to the significant improvements in techniques[Read More…]
