BOE Report

Plains All American Pipeline, L.P. and Plains GP Holdings Announce Timing of First-Quarter 2017 Earnings Release

HOUSTON--(BUSINESS WIRE)--Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) announced they will release first-quarter 2017 earnings after market close on Monday, May 8, 2017 and will hold the following joint webcast: What: First-quarter 2017 earnings webcast When: Tuesday, May 9, 2017 11:00 a.m. ET; 10:00 a.m. CT Where: www.plainsallamerican.com or [Read more]

Concho Resources Inc. Schedules First Quarter 2017 Results Conference Call for Thursday, May 4, 2017

MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) (the “Company” or “Concho”) will host a conference call on Thursday, May 4, 2017, at 8:00 AM CT (9:00 AM ET) to discuss first quarter 2017 financial and operating results. The Company plans to announce first quarter 2017 results on Wednesday, May 3, 2017, after close of trading. Conference Call Information: Dial-in: (844) 263-8298Intl. dial-in: (478) 219-0007Participant [Read more]

Kayne Anderson Midstream/Energy Fund Announces Distribution of $0.35 per Share for Q1 2017

HOUSTON--(BUSINESS WIRE)--Kayne Anderson Midstream/Energy Fund, Inc. (the “Fund”) (NYSE: KMF) announced today its quarterly distribution of $0.35 per share for the quarter ended February 28, 2017. The distribution will be payable on April 21, 2017 to common stockholders of record on April 13, 2017, with an ex-dividend date of April 11, 2017. The Fund estimates that 70% of this distribution will be treated as a return of capital for tax purposes. [Read more]

EXCO Resources, Inc. Announces Appointment of Independent Director

DALLAS--(BUSINESS WIRE)--EXCO Resources, Inc. (NYSE:XCO) (“EXCO” or the “Company”) today announced the appointment of Randall E. King to its Board of Directors (the “Board”). Effective March 29, 2017, the Board, acting upon the recommendation of the Nominating and Corporate Governance Committee of the Board, appointed Mr. King as a member of the Board. Mr. King will also serve on the Audit Committee and Compensation Committee of the Board. Mr. [Read more]

Chevron Concludes Sale of Geothermal Operations in Indonesia

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE:CVX) announced that its wholly-owned subsidiaries have completed the sale of Chevron’s geothermal business in Indonesia to Star Energy Consortium. Chevron received the cash proceeds upon settlement on March 31, and will reflect the gain in first quarter 2017 results. The conclusion of the sale of Chevron’s geothermal business in the Philippines is expected later in 2017. Chevron [Read more]

Energy Transfer Equity Invests $300 Million in Sunoco LP through Preferred Equity Private Placement

DALLAS--(BUSINESS WIRE)--Sunoco LP (NYSE: SUN) (“SUN”) and Energy Transfer Equity, L.P. (NYSE: ETE) (“ETE”) today announced the completion of a private placement of $300 million in SUN preferred equity to ETE. Distributions on the new SUN Series A Perpetual Preferred Units (“Preferred Units”) issued to ETE are cumulative and will be payable quarterly from and including the date of original issue. The initial distribution rate of 10.00% per [Read more]

ExxonMobil Announces New Oil Discovery Offshore Guyana

Snoek well encounters more than 82 feet (25 meters) of high-quality, oil-bearing sandstone reservoirs Well is located about 5 miles southeast of Liza-1 discovery ExxonMobil continues to evaluate full resource potential of broader Stabroek area IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today positive results on the Snoek well offshore Guyana, confirming a new discovery on [Read more]

ConocoPhillips Announces Sale of Foster Creek Christina Lake Partnership Interest and Western Canada Deep Basin Gas Assets to Cenovus for USD $13.3 Billion; Significant Transaction Accelerates Value Proposition

Cash portion of proceeds will be used to reduce debt to $20 billion in 2017 and double existing share repurchase authorization to $6 billion Transaction significantly improves underlying financial and portfolio metrics HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced it has signed a definitive agreement with Cenovus (TSX: CVE) (NYSE: CVE) to sell its 50 percent nonoperated interest in the Foster Creek Christina Lake (FCCL) oil sands partnership, as well as the majority [Read more]

Erin Energy Announces Farm-Out Deal With FAR for Gambia Blocks

HOUSTON--(BUSINESS WIRE)--Erin Energy Corporation (Erin Energy or the Company) (NYSE MKT:ERN) (JSE:ERN) announced today it has entered into a definitive farm-out agreement with FAR Ltd. (FAR), an Australian Securities Exchange listed oil and gas company, whereby FAR will acquire an 80% interest and operatorship of Erin Energy’s offshore A2 and A5 blocks in The Gambia. Erin Energy will retain a 20% working interest in both blocks. Highlights: [Read more]

Erin Energy Announces Audit Opinion

HOUSTON--(BUSINESS WIRE)--Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT:ERN) (JSE:ERN) today announced as previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2016, which was filed on March 16, 2017 contained an unqualified audit opinion from its independent registered public accounting firm that included an explanatory paragraph related to the Company’s ability to continue as a going concern. This [Read more]