Texas Shale Producer Ranger Oil Explores Sale, Sources Say
Shares in Ranger Oil, which operates in the Eagle Ford Shale, jumped over 5% on Nov. 18 after Reuters reported the company’s sale efforts.
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Shares in Ranger Oil, which operates in the Eagle Ford Shale, jumped over 5% on Nov. 18 after Reuters reported the company’s sale efforts.
The Eagle Ford shale play is seeing a wave of renewed interest, with dealmaking and M&A activity in the region on the rise
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RIYADH: Oil dropped by about 2 percent on Friday, logging a second weekly decline, due to concern about weakened demand in China and further increases to US interest rates. Brent crude settled at $87.62 a barrel, falling $2.16, or 2.4 percent. US West Texas Intermediate crude settled at $80.08 a barrel, losing $1.56, or 1.9 percent. Both benchmarks posted weekly losses, with
A rebound in M&A, as well as drilling activity, might not necessarily translate into a full shale comeback especially given the strict capital discipline to which energy executives adhere