Fracking Prices Level Out In Dry Gas Basins
Pricing appears to have bottomed for well stimulation services in the traditional dry gas shales, including the Barnett, Haynesville and dry Woodford.
EXCO Appoints Jameson As COO
Most recently, since March 2011, Jameson was vice president of development and production at the company, focusing on horizontal development drilling in the Haynesville, Eagle Ford and Marcellus.
Matador Resources Prices Shares
Net proceeds of about $189 million will repay outstanding revolving credit facility borrowings, fund some future capex, and support general capital needs. The offer is scheduled to close April 21.
Completions Work Plummets In Dry Gas Shale Basins
Operators entering maintenance mode as E&Ps wait out direction in commodity prices.
Rig Rate Cuts Hit Dry Gas Basins
Though drilling activity has held up in dry gas basins such as the Barnett, Fayetteville and Haynesville, rig rates are following the price cuts in oil-dominated markets.
Japan’s Itochu Loses Money On Samson Investment Co. Buyout
Tokyo-based trader Itochu Corp. lost 38 billion yen (US$317 million) on low energy prices from its 25% stake in KKR’s 2011 buyout of Tulsa, Okla.-based Samson Investment Co., Bloomberg said.
Sabine’s Lenders Might Reduce Credit Line
The fully drawn $1 billion revolving credit line, drawn March 15, could be cut due to low oil prices, Reuters said. Sabine had about $327 million in cash on hand.
Breitburn Energy Partners, EIG Global Form Financing Deal
Breitburn Energy Partners LP will sell $350 million perpetual convertible preferred units and $650 million senior secured notes to investment funds managed by EIG Global Energy Partners, and other purchasers.
Haynesville Gas Production Pulls Drillers From Marcellus
Haynesville gas production will rise 79.5 million cubic feet a day to 7.13 billion in April from March, the most since August 2013, according to the U.S. Energy Information Administration.
Azure Midstream Completes Marlin Midstream Acquisition
Azure Midstream Energy LLC announced the successful completion of its acquisition of Marlin Midstream GP LLC.