MIDLAND, Texas--(BUSINESS WIRE)--Ring Energy, Inc. (NYSE American: REI)(“Ring”) (“Company”) provided an update today on its current operations for the fourth quarter of 2018. Mr. Danny Wilson, Executive Vice President of Operations, commented, “In late November, early December, we began experiencing delays on a few of the new wells during the completion process and clean-up prior to going into production. Historically, this process varies from well to well, taking anywhere from 30 to 90 days. … [Read more...]
ConocoPhillips Closes Sale of 16.5 Percent Interest in Clair Field in United Kingdom and Acquisition of Additional 39.2 Percent Interest in Greater Kuparuk Area in Alaska
HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today completed its previously announced sale to BP of a ConocoPhillips subsidiary that holds a 16.5 percent interest in the BP-operated Clair Field for an undisclosed price. ConocoPhillips retains a 7.5 percent interest in the field. ConocoPhillips also completed a simultaneous acquisition of BP’s 39.2 percent interest in the Greater Kuparuk Area in Alaska and 38 percent interest in the Kuparuk Transportation Company for an undisclosed … [Read more...]
Cheniere and PETRONAS Sign 20-Year LNG Sale and Purchase Agreement
HOUSTON--(BUSINESS WIRE)--Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE American: CQP) announced today that its subsidiary Sabine Pass Liquefaction, LLC (“Sabine Pass Liquefaction”) has entered into a liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with PETRONAS LNG Ltd. (“PLL”), a subsidiary of the Malaysian state-owned oil and gas company, PETRONAS. PLL has agreed to purchase approximately 1.1 million tonnes per annum of LNG from Sabine Pass Liquefaction on a … [Read more...]
Riley Exploration-Permian, LLC Provides Operational Update with Encouraging Results in Yoakum County, Texas
OKLAHOMA CITY--(BUSINESS WIRE)--Riley Exploration-Permian, LLC (“Riley Permian” or the “Company”) announced compelling well results from the Brushy Bill well in the Company’s Champions asset in Yoakum County, Texas in the San Andres formation of the Permian Basin. Since first oil production on May 15, 2018, the Brushy Bill well has had cumulative oil production of nearly 60,000 barrels of oil, with production averaging approximately 500 barrels of oil per day for the last 60 days. The Company’s … [Read more...]
Matador Resources Company Announces Extension of Registered Exchange Offer for Previously Issued 5.875% Senior Notes Due 2026
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that it has extended its offer (the “Exchange Offer”) to exchange up to $1.05 billion of its outstanding 5.875% Senior Notes due 2026, which were privately placed on August 21, 2018 and October 4, 2018 (the “Notes”), for a like principal amount of 5.875% Senior Notes due 2026 that have been registered under the Securities Act of 1933, as amended … [Read more...]
Kinder Morgan Moves Forward with Roanoke Expansion Projects on Plantation Pipe Line and Southeast Terminal
Projects Secure Long-term Committed Volumes; Plantation Pipe Line to File Petition for Declaratory Order HOUSTON--(BUSINESS WIRE)--lt;a href="https://twitter.com/search?q=%24KMI&src=ctag" target="_blank"gt;$KMIlt;/agt; lt;a href="https://twitter.com/hashtag/KinderMorgan?src=hash" target="_blank"gt;#KinderMorganlt;/agt;--Kinder Morgan, Inc. (NYSE: KMI) today announced a successful open season on its Roanoke Expansion projects on the Plantation Pipe Line System. Following the open season, … [Read more...]
Mesa Royalty Trust Announces Trust Income for December 2018
HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (NYSE:MTR) announced the Trust income distribution for the month of December 2018. Unitholders of record on December 31, 2018 will receive distributions amounting to $0.099978419 per unit payable on January 31, 2019. The Trust received $97,150 and $35,450 from the New Mexico and Colorado portions, respectively, of the San Juan Basin Properties. Royalty income received from the Hugoton Properties totaled … [Read more...]
Pioneer Natural Resources Company Announces $2 Billion Common Share Repurchase Program
DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced that its Board of Directors authorized a common stock repurchase program that will allow the Company to repurchase up to $2 billion of its common stock. Based upon Pioneer’s current share price, this represents approximately 8% of the Company’s market capitalization. President and CEO Timothy L. Dove stated, “The announced share repurchase program demonstrates our commitment to … [Read more...]
Hess Midstream Partners LP Announces 2019 Guidance
2019 Guidance Highlights Include: Net Income of $415—$440 million. Adjusted EBITDA1 of $550—$575 million, of which $108—$113 million is attributable to Hess Midstream Partners LP. DCF1 of Hess Midstream Partners LP of $103—$108 million. Gas gathering volumes of 280—290 million standard cubic feet per day (MMscf/d). Gas processing volumes of 265—275 million standard cubic feet per day (MMscf/d). Crude oil gathering volumes of 105—115 thousand barrels of oil per day (Mbo/d). … [Read more...]
Hess Provides Update on Progress, Plans to Deliver Strong Cash Flow Growth and Increasing Returns Through 2025
NEW YORK--(BUSINESS WIRE)--lt;a href="https://twitter.com/hashtag/Investor?src=hash" target="_blank"gt;#Investorlt;/agt;--Hess Corporation (NYSE:HES) will provide a detailed update on progress in executing its strategy for long term value creation at its Investor Day today in Houston. The company’s plans through 2025 are expected to deliver strong performance across the following areas: Compound annual production growth of more than 10 percent combined with margin expansion set to drive … [Read more...]
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