PXD is going to acquire RRC for a premium to expand their operations sometime in Q2. I've heard they will retain ~50% of the RRC staff, mostly field folks. PXD already fat so no need to get fatter with more people
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Obviously posted by a RRC exec or board member to catch the rumor hike of stock and get rich off of it.
We have been hearing a similar story in FT. Worth. I'm sure we will see more folks retire before it happens, but are we still going to try to acquire a small operator in the Marcellus first.
tell us more, nostradamus