BOE Report

Energy Transfer to Construct Fifth Fractionation Facility at Mont Belvieu

Fractionator is fully supported by long-term, fixed-fee contracts Fractionator will complement the Partnership’s Lone Star Express Pipeline DALLAS--(BUSINESS WIRE)--Energy Transfer Partners, L.P. (NYSE: ETP) today announced that its subsidiary, Lone Star NGL LLC (“Lone Star”), will construct a fifth natural gas liquids (NGL) fractionation facility at Mont Belvieu, Texas. Fractionator V, including NGL product infrastructure and a new 3 [Read more]

Seventy Seven Energy Inc. Announces Record Date for Special Meeting Regarding Merger with Patterson-UTI Energy, Inc.

OKLAHOMA CITY--(BUSINESS WIRE)--SEVENTY SEVEN ENERGY INC. (“SSE”) announced today that it has established a record date for the special meeting of its stockholders to consider and vote upon (i) the proposal to adopt the previously announced Agreement and Plan of Merger (the “Merger Agreement”) dated as of December 12, 2016, by and among SSE, Patterson-UTI Energy, Inc., and Pyramid Merger Sub, Inc. (the “Merger Agreement Adoption Proposal”), (ii) the [Read more]

Energy Transfer Equity Reports Fourth Quarter Results

DALLAS--(BUSINESS WIRE)--Energy Transfer Equity, L.P. (NYSE:ETE) (“ETE” or the “Partnership”) today reported financial results for the fourth quarter ended December 31, 2016. ETE’s net income attributable to partners was $233 million for the three months ended December 31, 2016 as compared to $314 million for the three months ended December 31, 2015. Distributable Cash Flow, as adjusted, was $299 million for the three months ended December 31, [Read more]

ExxonMobil Announces 2016 Reserves

IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today proved reserves were 20 billion oil-equivalent barrels at year-end 2016, inclusive of a net reduction of 3.3 billion oil-equivalent barrels from 2015. Reserves changes in 2016 reflect new developments as well as revisions and extensions to existing fields resulting from drilling, studies, analysis of reservoir performance and application of the methodology prescribed by the U.S. Securities and Exchange [Read more]

Matador Resources Company Announces Upcoming Company Events

DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced the dates for its upcoming 2017 Analyst Day and 2017 Annual Meeting of Shareholders, both to be held in Dallas, Texas. 2017 Analyst Day Matador will hold its 2017 Analyst Day on Thursday, March 23, 2017 beginning at 9:00 a.m. Central Daylight Time in the Pegasus I and II meeting rooms at the Tower Club Dallas, located on the 48th [Read more]

Phillips 66 Partners Files 2016 Form 10-K

HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners LP (NYSE: PSXP) (“the Partnership”) has filed its annual report on Form 10-K for the fiscal year ended Dec. 31, 2016, with the Securities and Exchange Commission (SEC). The filing can be viewed through the Partnership’s website at www.phillips66partners.com by selecting the "SEC Filings" link under the "Financial Reports" tab. Limited partners may request a hard copy of the Partnership’s annual [Read more]

Enduro Royalty Trust Announces Monthly Cash Distribution

AUSTIN, Texas--(BUSINESS WIRE)--Enduro Royalty Trust (NYSE: NDRO) (the “Trust”) today announced a cash distribution to the holders of its units of beneficial interest of $0.017331 per unit, payable on March 14, 2017 to unitholders of record on February 28, 2017. The distribution primarily represents oil production during the month of November 2016 and natural gas production during October 2016. The following table displays underlying oil and [Read more]

Mesa Royalty Trust Announces Trust Income for February 2017

HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (NYSE: MTR) announced the Trust income distribution for the month of February 2017. Unitholders of record on February 28, 2017 will receive distributions amounting to $0.113258372 per unit payable on April 28, 2017. The Trust received $103,892 and $37,074 from the New Mexico and Colorado portions of the San Juan Basin Properties. Royalty income from the Hugoton Properties totaled $78,244. This press [Read more]

Occidental Petroleum Announces Dividend

HOUSTON--(BUSINESS WIRE)--Occidental Petroleum Corporation (NYSE:OXY) said today that its Board of Directors has declared a regular quarterly dividend of $.76 per share on common stock payable on April 14, 2017, to stockholders of record as of March 10, 2017. Occidental has paid quarterly dividends continuously since 1975 and has increased its dividend each year since 2002. The current annual rate is $3.04 per share. About [Read more]

Williams Reports 2016 Financial Results

4Q 2016 Cash Flow from Operations of $1.582 billion, Up $990 million Including Barnett Contract Restructure Full-Year 2016 Adjusted EBITDA of $4.436 billion, Up 8% Increased WPZ Fee-Based Revenues and Lowered Expenses for Full-Year 2016 as Additional Assets were Placed Into Service Financial Repositioning Announced Jan. 9 Strengthens Williams Partners and Williams, Boosts Growth Outlook [Read more]