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Baker Hughes, Halliburton Face Big Bills After Merger Crumbles

A Department of Justice lawsuit was the death blow for the merger of Halliburton and Baker Hughes and scuttled the largest deal in recent memory - and perhaps ever.
colorado, fracking, ban, moratorium, supreme court, oil, gas

Colorado Supreme Court Sets Aside Local Fracking Bans, Moratoriums

The decision may cause Boulder and Broomfield counties, Colo., which had been considering similar ordinances, to rethink their strategies, an attorney said.
stack, scoop, oklahoma, Range Resources, RRC, Devon, A&D

Range Resources’ Stack Sale Lets Company Coast In Debt Neutral

Combined with the sale of Marcellus assets in March, Range’s Stack deal doesn’t anticipate any increase in debt in 2016, based on current prices.
ExxonMobil, profit, earnings, production, exploration, Woodbury

ExxonMobil Grows Production, Cuts Costs As Profit Falls

The company is paying attention to demand growth as it works to maximize shareholder value.
Whiting, JV, capex, overspend, Bakken, Niobrara, Volker

Despite JV, Whiting’s First Quarter Drains Bakken Behemoth

The company’s capex, net loss and production didn’t reach analyst expectations and an agreement to pay for drilling underwhelmed some analysts.
Memorial Resources, MEMP, Terryville, MLP, divestiture, restructuring, consolidation

Memorial Resources Development Untangles Corporate Structure, Cuts MEMP Free

Houston’s Memorial Production Partners LP will be a fully separate company and own its general partner after closing a deal with Memorial Resource Development Corp.
SLB, Schlumberger, A&D, acquisition, downhole, technology, Cameron

Schlumberger Bulks Up Tech In (Another) Drilling Deal

Schlumberger will buy coiled tubing units from a Canadian company while it looks to reduce 2016 global spending by nearly 25%, including up to 50% in North America.
Chesapeake, divestiture, Scoop, Stack, Oklahoma, natural gas, private equity

Chesapeake Continues Oklahoma Exodus With Scoop Deal

Casillas Petroleum purchased 12,000 net acres from Chesapeake. In January, a Chesapeake subsidiary produced at least 17.2 MMcf/d on the acreage.
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