BOE Report

Archives for 2016

Oil & Gas Technology: Take an Inside Look at One of Energy’s Premier Geoscience Labs

DENVER, CO--(Marketwired - Jan 12, 2016) - Oil & Gas 360® invites you behind the scenes inside Whiting Petroleum Corporation (NYSE: WLL), where SVP of Exploration and Development Mark Williams and the Whiting geoscience team unveil a visionary project that the Whiting geoscientists have embarked upon. Using two scanning electron microscope systems, Whiting has been able to significantly improve its well results in the Williston Basin. Being able to see the reservoir in a way that [Read more]

Seventy Seven Energy Inc. to Explore and Identify Capital Structure Opportunities

OKLAHOMA CITY--(BUSINESS WIRE)--Seventy Seven Energy Inc. (NYSE: SSE) announced today that it has retained the services of Lazard Freres & Co. LLC to advise the Company’s management and board of directors on identifying opportunities in its capital structure to improve value and enhance strategic growth opportunities. Chief Executive Officer Jerry Winchester said, “Our operations continue to perform at a high level delivering much needed efficiency for our customers. Working with Lazard, we [Read more]

Recon Technology, Ltd. Signs Agreement with PetroChina’s Qinghai Oilfield to Sell Chemicals Used for Wastewater Treatment

BEIJING, Jan. 12, 2016 /PRNewswire/ -- Recon Technology, Ltd. (NASDAQ: RCON) ("Recon" or the "Company"), a leading independent oilfield services provider operating primarily in China, announced today that Beijing BHD Petroleum Technology Co., Ltd. ("BHD"), a subsidiary of the Company, has executed an agreement (the "Agreement") with Qinghai Oilfield, a PetroChina Co., Ltd. ("PetroChina") subsidiary, to sell chemical agents (the "Chemicals") to Qinghai Oilfield. The Chemicals, including Ion [Read more]

Basic Energy Services Reports Selected Operating Data For December 2015

FORT WORTH, Texas, Jan. 12, 2016 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of December 2015.  Basic's well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 37,900 producing a rig utilization rate of 36%, compared to 39% and 60% in November 2015 and December 2014, respectively. During the month, Basic's fluid service truck count declined by 16 to 985. Fluid service truck hours [Read more]

Madalena Announces Grant of Options

CALGARY, January 12, 2016 /PRNewswire/ -- Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTC: MDLNF) announces the grant of 8,650,000 options ("Options") to certain officers, employees and directors of the Company and its subsidiaries as part of its compensation procedures. Of the Options granted, a total of 8,175,000 Options were granted to directors and executive officers of the Company or its subsidiaries. Each Option has an exercise price of $0.27 per common share of the [Read more]

Bellatrix Announces Strong 2015 Operational Results and a Focused First Half 2016 Capital Budget

TSX, NYSE: BXE CALGARY, Jan. 12, 2016 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix" or the "Company") (TSX, NYSE: BXE) is pleased to announce strong preliminary 2015 operational results and a focused first half 2016 capital budget of $46 million.  Building on the operational successes from 2015, the Company's first half 2016 capital budget targets continued full cycle profitable growth through development of  the Company's Spirit River liquids rich natural gas play, which remains one of the [Read more]

Canadian Overseas Petroleum Limited Directors Dealing

CALGARY, AB--(Marketwired - Jan 12, 2016) - Canadian Overseas Petroleum Limited (TSX-V: XOP) (LSE: COPL) Canadian Overseas Petroleum Limited Directors Dealing Calgary, Canada, January 12, 2016 - Canadian Overseas Petroleum Limited (TSX-V: XOP; LSE: COPL), received notice on 11 January 2016 that Arthur Millholland, President and CEO, purchased 1,122,000 common shares at $0.0449 per share on 8th January 2016. Following this transaction Mr. Millholland's beneficial holding [Read more]

Madalena Announces Grant of Options

CALGARY, Jan. 11, 2016 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTC: MDLNF) announces the grant of 8,650,000 options ("Options") to certain officers, employees and directors of the Company and its subsidiaries as part of its compensation procedures.  Of the Options granted, a total of 8,175,000 Options were granted to directors and executive officers of the Company or its subsidiaries.  Each Option has an exercise price of $0.27 per common share of the Company [Read more]

Rose Rock Midstream, L.P. Announces Distributions on Limited Partner Units

TULSA, Okla., Jan. 11, 2016 (GLOBE NEWSWIRE) -- Rose Rock Midstream®, L.P. (NYSE:RRMS) announced today that the Board of Directors of its general partner has declared a cash distribution with respect to the fourth quarter of 2015 of $0.66 per unit, or $2.64 per unit on an annualized basis. This distribution represents an increase of approximately 6.5% over the distribution of $0.62 per unit with respect to the fourth quarter of 2014. The distribution will be paid on February 12, 2016 to all [Read more]

Enerplus Announces Sale of Certain Canadian Natural Gas Assets

CALGARY, Jan. 11, 2016 /CNW/ - Enerplus Corporation ("Enerplus") (TSX & NYSE: ERF) announces that it has entered into agreements to sell various Canadian natural gas properties located in Alberta. The total cash consideration for these assets is approximately $193 million, subject to closing adjustments, and is accretive on both a funds flow per debt adjusted share and production per debt adjusted share basis. Enerplus intends to use the proceeds to reduce outstanding indebtedness providing [Read more]