National Oilwell Varco cuts 1,500 jobs, narrows losses – Chron.com
Pittsburgh-based EQT Corp. signed an all-stock deal to acquire Rice Energy for $8.2 billion, including the assumption of $1.5 billion in debt, combining two large U.S. natural gas producers. Announced: June 19, 2017.

Calgary-based Encana Corp. purchased Fort Worth-based Athlon Energy for $6.9 billion, giving the Canadian oil producer 140,000 net acres in the Midland Basin in West Texas. Announced: Sept. 29, 2014
Denver-based Whiting Petroleum snapped up Kodiak Oil & Gas Corp. in a $6 billion all-stock deal, forming the largest oil producer in North Dakota’s Bakken Shale. Announced July 13, 2014.
Exxon Mobil Corp., based in Irving, Texas, agreed to buy privately held BopCo, based in Fort Worth, with an upfront payment of $5.6 billion, doubling the oil giant’s resources in the Permian Basin in New Mexico and West Texas. Announced: Jan. 17, 2017.
Houston’s Southwestern Energy bought swaths of gas-rich land in West Virginia and Pennsylvania from Chesapeake Energy, based in Oklahoma, for $5.4 billion. The deal included 413,000 net acres in the Marcellus and Utica shale plays. Announced: Oct. 10, 2014.

Fort Worth-based Range Resources acquired Memorial Resources Development Corp. in an all-stock deal worth $4.4 billion, giving the oil company a larger footprint in the Appalachian and Gulf Coast regions. Announced: May 15, 2016.

Houston’s Noble Energy bought Rosetta Resources, also based in Houston, for $3.8 billion, including the assumption of $1.8 billion in debt, marking the company’s entrance into the Eagle Ford Shale and the Permian Basin in Texas. Announced: May 11, 2015
Houston-based Noble Energy agreed to snap up Clayton Williams Energy, based in Midland, Texas, for $3.2 billion in cash and stock, including the assumption of $500 million in debt. Announced: Jan. 16, 2017.

Los Angeles, California-based Breitburn Energy bought Houston-based QR Energy LP for $3 billion. Announced: August 24, 2014.

Austin-based Parsley Energy agreed to buy oil and gas properties in the Midland Basin in West Texas from Double Eagle Energy Permian for $2.8 billion, increasing its acreage in the Permian Basin by about a third. Announced: Feb. 7, 2017.

Tulsa-based WPX Energy acquired privately held RKI Energy for $2.8 billion, including the assumption of $400 million in debt, broadening its reach in the Permian Basin in West Texas. Announced: July 3, 2015.

A unit of Houston’s Hilcorp agreed to pay $2.7 billion for assets in the San Juan Basin in the southwestern United States from Houston-based ConocoPhillips. The deal included $2.7 billion in cash and a $300 million contingent payment. Announced: April 13, 2017.

Midland, Texas-based Diamondback Energy snapped up the assets of Brigham Resources for $2.6 billion, in a deal that included leasehold interests on more than 76,000 net acres in Pecos and Reeves counties in West Texas. Announced: Dec. 13, 2016.

Oklahoma’s American Energy Partners agreed to buy West Texas assets from Denver-based Enduring Resources for $2.55 billion, including 63,000 net acres. Announced: June 9, 2014.

Houston’s EOG Resources purchased Yates Petroleum Corp., Abo Petroleum Corp. and MYCO Industries for $2.5 billion in cash and stock, giving the producer a larger footprint in the Delaware Basin in New Mexico and Powder River Basin in Montana and Wyoming. Announced: Sept. 6, 2016.

Dallas-based RSP Permian acquired Silver Hill Energy Partners, an operator in West Texas, for $2.4 billion, giving the company acreage in the deepest part of the Delaware Basin. Announced: Oct. 13, 2016.

Houston’s Linn Energy bought gas-rich assets in the Rocky Mountains, Texas, Louisiana and several other states from Devon Energy, which is based in Oklahoma, for $2.3 billion. Announced: June 27, 2014.

Houston-based Sanchez Energy snapped up Eagle Ford Shale assets from Anadarko Petroleum, which is based in the Woodlands, for $2.3 billion, marking Anadarko’s exit from the South Texas shale play. Announced: Jan. 12, 2017.
Canonsburg, Pennsylvania-based gas producer Rice Energy bought Vantage Energy, a driller with 85,000 acres in the Marcellus Shale, for $2.1 billion. Announced: Sept. 26, 2016.

Anadarko Petroleum, based in the Woodlands, paid $2 billion for deep-water Gulf of Mexico assets from Freeport McMoRan Oil & Gas, doubling its stake in the Lucius deep-water project. Announced: Sept. 12, 2016.

Occidental Petroleum Corp., based in Houston, bought acreage in the Permian Basin from private sellers for $2 billion. Announced: Oct. 31, 2016.

Houston-based EnerVest and Denver-based FourPoint Energy paid a combined $1.9 billion for oil and gas properties and midstream assets from Houston’s Linn Energy. Announced: Oct. 3, 2014.

Oklahoma’s Devon Energy bought 80,000 acres in the Anadarko Basin in Oklahoma from Felix Energy for $1.9 billion. Announced: Dec. 6, 2015.

Gulfport Energy, based in Oklahoma City, purchased 46,000 net acres in Oklahoma’s SCOOP region for $1.8 billion. Announced: Dec. 13, 2016.

Houston-based Silver Run Acquisition Corp. snapped up an 89 percent stake in Centennial Resource Production, a driller with property in the Southern Delaware Basin. Announced: July 6, 2016.

Midland-based Concho Resources acquired 40,000 net acres in the Midland Basin for $1.6 billion from Reliance Energy. Announced: Aug. 15, 2016.

Denver-based SM Energy bought oil and gas assets in Howard and Martin counties in Texas for $1.6 billion from Qstar LLC. Announced: Oct. 17, 2016.  

PCD Energy, based in Denver, purchased two private companies backed by private equity firm Kimmeridge Energy Management Co. for $1.5 billion, giving it 57,000 net acres in West Texas. Announced: Aug. 23, 2016.

Oklahoma’s American Energy Partners snapped up 27,000 net acres and pipelines from East Resources, based in Florida, for $1.2 billion. Announced: June 9, 2014.

Alta Resources acquired gas assets in the Marcellus Shale in Pennsylvania for $1.2 billion from Anadarko Petroleum Corp., based in the Woodlands. Announced: Dec. 12, 2016.

National Oilwell Varco cut some 1,500 jobs in the first half of the year as the Houston energy services company narrowed its losses.
The technology and services company, which specializes in rig manufacturing, said Thursday that its revenues increased slightly in the second quarter and its net loss shrank to $75 million from a loss of $217 million from the second quarter of 2016.
NOV's quarterly revenues of $1.76 billion increased 2 percent from last year. NOV's income from rigs is falling, but it's growing its onshore technologies and services businesses as the Texas shale plays boom.
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NOV's headcount has now fallen from more than 60,000 workers during the height of the recent oil boom on 2014 to about 35,000 people now. The Houston employee tally fell from more than 12,000 workers to about 8,000 or so.
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NOV Chairman and CEO Clay Williams said efficiency gains and rising demand have returned the company to "acceptable levels of financial performance," noting that second quarter reflected "steady progress."
"Scarcity is returning to the oilfield, and, around the world, customers are steadily exhausting excess stocks of the critical products, equipment and technologies we supply, laying the groundwork for future demand," Williams added. "The strong recovery we've seen thus far in North America, combined with many international markets stabilizing and offshore markets nearing bottom, makes us optimistic in our outlook."

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