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Title : Active Rigs Hold Steady At 62 -- March 29, 2018
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Active Rigs Hold Steady At 62 -- March 29, 2018

Perhaps the biggest news of the day in the shale sector: Permian oil producer to buy rival RSP.

• $8 billion; all stock deal
• RSP:29% premium for shareholders
• 92,000 net acres
• will make Concho one of the biggest producers in the Bakken
• Permian could report as much as 3 million bopd in March, 2018
• back-of-the-envelope: $8 billion / 92,000 acres = $87,000 / acre

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Back to the Bakken

 
Active rigs:

$64.32→	3/29/2018	03/29/2017	03/29/2016	03/29/2015	03/29/2014
Active Rigs	62	49	31	97	194

RBN Energy: why $3 natural gas continues to elude the market.

https://ift.tt/2dZyQXu

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