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.
Total EERC down 13 EnerCom has released its latest Effective Rig Count, examining the state of drilling activity correlated to production in major shale basins. The Effective Rig Count fell this month, dropping by 13 to 2,747 effective rigs. Both efficiencies and reported rig counts fell in September, reinforcing the decline in the EERC. The past two months have seen[Read More…]
