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Rig count drops in the Permian

The Permian Basin’s rig count dropped by 20 to 548 last week, according to Baker Hughes weekly rig count.  District 8, which includes Midland County, is down 19 rigs to 316. Statewide the Texas rig count was down 24 rigs as of last week, bringing the total to 872. In Texas’ Eagle Ford shale the rig count dropped by two, ...

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Vantage Energy plans to raise $601 million with public trading

Zach Koppang | Shale Plays Media The Centennial, Colorado-based company Vantage Energy Inc. has released the terms surrounding its planned initial public stock offering, according to a report by the Denver Business Journal. The company will try to sell 23,550,000 shares at prices of $24 to $27 per stock. The company is offering 15,700,000 shares of its common stock and ...

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