Headlines: Baker Hughes, Halliburton Break Off Merger Plans

In this week's video sponsored by NavPort, what’s next for Baker Hughes and Halliburton now that they have agreed to break off a $35 billion merger following an April U.S. Department of Justice antitrust action. Both companies are now faced with the challenge of catching up with an industry that has made vast changes since the merger clock started ticking. Meanwhile, two local anti-fracking ordinances in Colorado communities were overturned by the Colorado Supreme Court this week. The ruling found that only the state has regulatory authority over oil and gas operations.

Sources:

• Baker Hughes, Halliburton Face Big Bills After Merger Crumbles
• Colorado Supreme Court Sets Aside Local Fracking Bans, Moratoriums
• Range Resources' Stack Sale Lets Company Coast In Debt Neutral
• EQT Buys Next-Door Neighbor Statoil's Marcellus Acreage
• New Day: Bill Barrett Unwinds Uinta For Pure Play Niobrara
• Noble Energy Plans To Spend Less, Produce More This Year
• Chesapeake Resumes Stack Play Teardown With Newfield Deal