BOE Report

Hess Corporation Announces Early Tender Results of Maximum Tender Offer

NEW YORK--(BUSINESS WIRE)--#exploration--Hess Corporation (NYSE:HES) announced today the early tender results of the previously announced cash tender offer (the “Maximum Tender Offer”) to purchase up to approximately $324.0 million of the following series of notes issued by Hess (the “Notes”): 7.875% Notes due 2029; 7.300% Notes due 2031; and 7.125% Notes due 2033. The Maximum Tender [Read more]

Hess Schedules Earnings Release Conference Call

NEW YORK--(BUSINESS WIRE)--#exploration--Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, October 26, 2016 at 10 a.m. Eastern Daylight Time to discuss its third quarter 2016 earnings release. To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 92400068 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the [Read more]

Plains All American Pipeline, L.P. and Plains GP Holdings Announce Distributions

HOUSTON--(BUSINESS WIRE)--Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) today announced their quarterly distributions with respect to the third quarter of 2016. The distributions will be payable on November 14, 2016 to holders of record of each security at the close of business on October 31, 2016. Consistent with its stated intent in early July when the pending simplification transaction was [Read more]

Hess Corporation Calls Outstanding Notes Due in 2017 for Redemption

NEW YORK--(BUSINESS WIRE)--#exploration--Hess Corporation (NYSE: HES) announced today that it will redeem all of its outstanding 1.300% Notes due June 15, 2017 (the “Notes”). The formal notice of redemption was sent today to holders of the Notes, by The Bank of New York Mellon, the trustee under the indenture governing the Notes. The Notes will be redeemed on October 28, 2016 (the “Redemption Date”) at a redemption price to be calculated on the third [Read more]

Crestwood and SWEPI Enter into Long-Term Gas Gathering Agreement in the Permian – Delaware Basin

Shell dedicates approximately 100,000 acres in Loving, Reeves and Ward counties, Texas to Crestwood under a long-term gas gathering agreement Joint venture with First Reserve to finance the gathering system and pursue other growth opportunities in the Delaware Basin HOUSTON--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) announced today that it has entered into a long-term agreement with SWEPI LP (“SWEPI”), a [Read more]

SM Energy Declares Semi-Annual Cash Dividend

DENVER--(BUSINESS WIRE)--SM Energy Company (NYSE: SM) today announces that its Board of Directors has approved a semi-annual cash dividend of $0.05 per share of common stock outstanding. The dividend will be paid on November 2, 2016, to stockholders of record as of the close of business on October 21, 2016. The Company currently has approximately 86.9 million shares of common stock outstanding. About the Company SM Energy Company [Read more]

Hess Corporation Announces Pricing of Offer to Purchase Notes Due in 2019

NEW YORK--(BUSINESS WIRE)--#exploration--Hess Corporation (NYSE:HES) announced today the consideration to be paid in the previously announced cash tender offer (the “Offer”) for any and all of its outstanding 8.125% Notes due 2019 (the “Notes”). The Offer will expire at 5:00 p.m., New York City time, today, September 23, 2016, unless extended or earlier terminated. The applicable Reference Yield, Repurchase Yield and Total Consideration are [Read more]

Williams, Williams Partners Complete Sale of Canadian Assets for $1.38 Billion CAD

TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) and Williams Partners (NYSE: WPZ) announced today the completion of the sale of their Canadian businesses to Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL). The combined cash proceeds amounted to $1.38 billion CAD between the partnership and company. In connection with the sale, Williams agreed to waive $150 million USD of incentive distribution rights in the quarter following closing to facilitate the partnership’s consent to the sale [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 $0.036876 per unit, payable on October 17, 2016 to unitholders of record on September 30, 2016. The distribution primarily represents oil production during the month of June 2016 and natural gas production during May 2016. The following table displays underlying oil and natural [Read more]

Hess Corporation Announces Notes Offering

NEW YORK--(BUSINESS WIRE)--#exploration--Hess Corporation (NYSE:HES) announced today that it has agreed to sell $1 billion of senior notes with a 4.30% coupon maturing on April 1, 2027 and $500 million of senior notes with a 5.80% coupon maturing on April 1, 2047 in a registered public offering led by Goldman, Sachs & Co., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Mizuho Securities USA Inc. and MUFG Securities Americas Inc. Hess [Read more]