BOE Report

Archives for 2016

Fitch Downgrades Chesapeake Energy’s IDR to ‘B-‘; Outlook Negative

CHICAGO--(BUSINESS WIRE)--Fitch Ratings has downgraded Chesapeake Energy Corporation's (Chesapeake; NYSE: CHK) Long-term Issuer Default Rating (IDR) to 'B-' from 'B'. The Rating Outlook remains Negative. A full list of rating actions is provided at the end of this release. The downgrade reflects the heightened liquidity risk given the prospect for a lower and longer price recovery profile. The current rating also reflects the potential for low [Read more]

ExxonMobil Employees Spark Girls’ Interest in Engineering

Introduce a Girl to Engineering program inspires students to “Be an Engineer” Employees lead interactive experiments and engage with more than 2,000 students at company facilities around the country Associated with Girl Day, an initiative designed to show the collaborative and life-changing work of engineers IRVING, Texas--(BUSINESS WIRE)--ExxonMobil is inspiring girls to consider careers in science, [Read more]

Colgate Energy Announces Partnership with Pearl Energy Investments and Natural Gas Partners

MIDLAND, Texas--(BUSINESS WIRE)--Colgate Energy LLC (“Colgate”) is pleased to announce it has raised $75 million of equity commitments from lead investor Pearl Energy Investments (“Pearl”), alongside Natural Gas Partners through its affiliate, NGP Natural Resources XI, L.P. ("NGP") and the Colgate management team. Based in Midland, Texas, Colgate is an exploration and production company focused on acquiring and developing oil and gas properties in the [Read more]

Spartan Energy Corp. Announces Increase to Bought Deal Equity Financing from $75 Million to $85 Million

CALGARY, ALBERTA--(Marketwired - Feb. 25, 2016) - Spartan Energy Corp. ("Spartan" or the "Company") (TSX:SPE) is pleased to announce that in connection with its previously announced bought-deal financing, Spartan and the syndicate of underwriters led by Peters & Co. Limited have agreed to increase the size of the financing. Spartan will now issue 35,270,000 common shares of the Company ("Common Shares") at a price of $2.41 per Common Share for gross proceeds of $85,000,700 (the "Offering"). [Read more]

Madalena Recognized as a 2016 TSX Venture 50® Company

CALGARY, Feb. 25, 2016 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTCQX: MDLNF) is pleased to announce it has been recognized as a 2016 TSX Venture 50® company. Kevin Shaw, President and CEO, commented: "Achieving a top tier ranking on the TSX Venture 50® is a great honour and recognition for Madalena. The Company would like to acknowledge the support of our shareholders as we continue to grow our Argentina energy business and strategically execute to unlock [Read more]

Madalena Recognized as a 2016 TSX Venture 50® Company

CALGARY, Alberta, Feb. 25, 2016 /PRNewswire/ -- Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTCQX: MDLNF) is pleased to announce it has been recognized as a 2016 TSX Venture 50® company. Kevin Shaw, President and CEO, commented: "Achieving a top tier ranking on the TSX Venture 50® is a great honour and recognition for Madalena. The Company would like to acknowledge the support of our shareholders as we continue to grow our Argentina energy business and strategically [Read more]

Tailwater Capital Announces the Formation of TopSail Energy

DALLAS, Feb. 25, 2016 /PRNewswire/ -- Tailwater Capital LLC ("Tailwater"), an energy-focused private equity firm based in Dallas, today announced a $100 million initial equity commitment to TopSail Energy LP ("TopSail"), a newly-formed portfolio company that will primarily focus on purchasing and developing various refined products logistics and processing assets in North America. Jim Lelio will serve as Chief Executive Officer. He brings over 21 years of midstream and downstream oil and gas [Read more]

Free Workshop: “Leveraging LLR to Find the Best Opportunities”

XI Technologies is pleased to announce a free workshop, “Leveraging LLR to Find the Best Opportunities” on Thursday, March 10, for professionals involved in acquisitions and divestitures in Western Canada. Targeted to operators and financial institutions, this session will demonstrate how to determine the affect of LLR ratings on potential transactions from both the buyer and seller’s perspective. As market conditions remain challenging, the importance of understanding the liability of an [Read more]

ENGIE Acquires OpTerra Energy Services

Deal Will Expand Companies’ Service Options to Customers in North America HOUSTON--(BUSINESS WIRE)--ENGIE and OpTerra Energy Services announced today that a member of the ENGIE Group has acquired OpTerra Energy Services and its affiliated companies. Headquartered in Oakland, California, OpTerra designs and implements customized projects that help public- and private-sector clients reduce energy consumption and cost. This move strengthens both companies’ [Read more]

Apache Releases Fourth-Quarter And Full-Year Financial And Operational Results

HOUSTON, Feb. 25, 2016 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) today announced fourth-quarter and full-year 2015 financial and operational results on its website, www.apachecorp.com. There will be a conference call to discuss the results at 1 p.m. Central time. The conference call will be webcast from the website, and the webcast replay will be archived there as well. The conference call will be available for delayed playback by telephone for one week beginning at approximately [Read more]