Topic: Niobrara Shale

Halliburton Acquires Baker Hughes for Integrated Platform or Pricing Protection

Halliburton (NYSE:HAL) acquired Baker Hughes (NYSE:BHI) creating an $80bn oilfield service company second only to Schlumberger (NYSE:SLB) in market capitalization. Market Share Impact We took a look at our Frac & Proppant Database this morning to get some insight on the market share of the companies. We estimate that the combined company would represent an approximate 40% share of the Frac Market with varying share mixes in different basins/regions.There are several areas where one company is significantly stronger than the other (Williston, Eagle...

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Are Rumblings of Rig Count Declines True?

Rig count remains an important indicator of oil and gas activity; however, the drops in oil prices reflect a changing dynamic in the industry. With oil prices declining, many expect to see rig count drop significantly by the end of the year. Our view is that there will likely be some leveling off this year but not a significant amount until 2015 budgets are set.This week Permian Basin is +1 compared to last week and +98 compared to last year...

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