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A summer well spent at the "Happiest Place on Dirt" – Ohio Ag Net

Here is why Valaris Limited (VAL) stock performed well on Tuesday?

$17B Shale Player to Emerge and More

Here are some of Rigzone s top upstream stories during the last week, just in case you missed them. Here are some of Rigzone’s top upstream stories during the last week, just in case you missed them… $17B Shale Player to Emerge Later This Year Bloomberg announced that Cabot Oil & Gas Corp. and Cimarex Energy Co. had agreed to merge. The deal will create a new Houston-based shale driller with a value of about $17 billion, Bloomberg highlighted. Read full article here $7B+ Shale Driller Merger Baffles Analysts The merger of Cabot Oil & Gas Corp. and Cimarex Energy Co. confounded investors and analysts, leaving them to question the logic behind the tie-up, Bloomberg noted.

W&T Offshore Awards GOM Drilling Contract

W&T Offshore has contracted a heavy-duty jack-up rig for a USA Gulf of Mexico (GOM) campaign. W&T Offshore (NYSE: WTI) has contracted a Valaris heavy-duty jack-up rig for a U.S. Gulf of Mexico (GOM) campaign, Valaris Limited (NYSE: VAL) reported Wednesday. The contract secures the VALARIS JU-117 (Ralph Coffman) jack-up, Valaris noted in a written statement emailed to Rigzone. The firm added that it expects the estimated 45-day contract to begin in July 2021. The Ralph Coffman rig can operate in up to 350 feet (107 meters) of water and drill to 35,000 feet (10,668), according to Valaris’ website. Valaris did not specify where in the GOM the rig will be mobilized.

- Valaris Limited Announces Jackup...