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.
EERC down for fourth straight month Oil & Gas 360 has released its latest Effective Rig Count, evaluating the state of drilling activity and reported production from the major shale basins. The Effective Rig Count fell once again in March, with an effective 51 rigs coming offline in the month. The major shale basins have a combined 2,723 effective rigs, meaning[Read More…]
