BOE Report

Archives for 2016

Ultra Petroleum Corp. Receives Continued Listing Standard Notice From NYSE

HOUSTON, March 18, 2016 /PRNewswire/ -- Ultra Petroleum Corp. (NYSE: UPL) (the "Company") announced today that on March 15, 2016, it received notice from the New York Stock Exchange ("NYSE") that it was not in compliance with the NYSE's requirement that the average closing price of its common stock be at least $1.00 per share over a consecutive 30-trading-day period. Under NYSE rules, the Company has six months from receipt of the notice to regain compliance with the minimum share price rule. [Read more]

$36 billion dollar B.C. LNG approval deadline next week ‘premature’ as feds review documents

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VICTORIA - A deadline in the approval process for a proposed $36 billion liquefied natural gas project planned for British Columbia's northern coast is now being called premature as federal officials review a glut of new documents.Statements from the Canadian Environmental Assessment Agency and federal Environment Minister Catherine McKenna say it's likely too early to expect an answer for the proposed Pacific NorthWest LNG plant at Lelu Island near Prince Rupert by the March 22 deadline.But the [Read more]

Range Announces Conference Call to Discuss First Quarter 2016 Financial Results

FORT WORTH, TX--(Marketwired - Mar 18, 2016) - RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that its first quarter 2016 financial results news release will be issued Thursday, April 28 after the close of trading on the New York Stock Exchange. A conference call to review the financial results is scheduled on Friday, April 29 at 9:00 a.m. ET (8:00 am CT). To participate in the call, please dial 877-407-0778 and ask for the Range Resources first quarter 2016 financial results [Read more]

Royal Energy Resources Acquires Majority Interest and Control of Rhino Resource Partners

CHARLESTON, SC--(Marketwired - Mar 18, 2016) - Royal Energy Resources, Inc. ("Royal") (OTCQB: ROYE) is pleased to announce that effective March 17, 2016 it has assumed control of Rhino Resource Partners, LP ("Rhino") (OTCQB: RHNO), with the acquisition of all of the issued and outstanding membership interests of Rhino GP LLC, the general partner of Rhino, as well as 9,455,252 issued and outstanding Subordinated Units from Wexford Capital LP ("Wexford").  The Subordinated Units purchased [Read more]

ExxonMobil and Sebring Reach Multi-Year Partnership Extension

Legendary endurance race to maintain the longest-running title sponsorship in the motorsports industry 2016 marks the 21st consecutive year ExxonMobil, through the Mobil 1 brand, has been the title sponsor of the Mobil 1 Twelve Hours of Sebring race ExxonMobil continues to rely on motorsports to provide testing platform for Mobil 1 motor oil SEBRING, Fla.--(BUSINESS WIRE)--Underscoring the [Read more]

The Energy Report Interviews Dallas Salazar

SAN FRANCISCO, CA--(Marketwired - March 18, 2016) - The low price of oil has meant that a lot of companies are going broke, but not so with Torchlight Energy Resources Inc. (NASDAQ: TRCH). A subsidiary of an $11 billion dollar NYSE company is spending $50 million, fully funding the development of Torchlight's Orogrande project over the next 24 months.Torchlight Energy is out with an update that comes roughly 30 days after the company updated venture investors that it had decided to move on from [Read more]

Rice Midstream Partners Appoints Stephanie C. Hildebrandt to Board of Directors

CANONSBURG, Pa., March 18, 2016 /PRNewswire/ – Rice Midstream Partners LP (NYSE: RMP) ("RMP") today announced the appointment of Stephanie C. Hildebrandt to the Board of Directors of RMP's general partner, where she will also serve as a member of the Conflicts Committee. Ms. Hildebrandt, who currently serves as a partner with the international law firm Norton Rose Fulbright US LLP, brings over 25 years of energy experience, with a particular focus on master limited partnerships ("MLPs"). Prior [Read more]

SMMO: SOMO INC. Acquires Oil and Gas Assets

LAS VEGAS, March 18, 2016 /PRNewswire/ -- SOMO INC. (OTCQB: SMMO) announces they have entered into a Purchase and Sale agreement with Enterprise Oil and Gas Ltd. a Delaware company, to purchase all of its California oil and gas assets. "We are very excited to be entering into the new phase of our company.  The Esperanza Oil Field has been well managed and shows excellent development opportunities. The field brings to the company immediate production cash-flow along with long term development [Read more]

Tamarack Valley Energy Ltd. Closes $43.7 Million Bought Deal Financing

CALGARY, ALBERTA--(Marketwired - March 18, 2016) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX:TVE) is pleased to announce that it has closed its previously announced bought deal financing of 14,966,100 common shares ("Common Shares") at a price of $2.92 per Common Share for aggregate gross proceeds of approximately $43.7 million which included the exercise in full of the over-allotment option of 1,952,100 Common Shares (the "Offering"). The syndicate of underwriters was led [Read more]

Terra Energy Corp. Announces Demand by Lender to Repay Outstanding Indebtedness and Notice of Intention to Enforce Security, Employment Terminations and Shut-in of Production

CALGARY, ALBERTA--(Marketwired - March 18, 2016) - Terra Energy Corp. (TSX:TT) ("Terra" or the "Company") announces that its lender, Canadian Western Bank ("CWB"), has made demand upon Terra, as debtor, and Terra Energy Partnership, Terra's wholly-owned subsidiaries, Constar Resources Ltd., Noram Energy Worx Inc. and 1289710 Alberta Ltd., as guarantors, (collectively, the "Guarantors") for payment in full of Terra's outstanding indebtedness in the aggregate amount of approximately $15.9 million [Read more]