BOE Report

Discovery Midstream Holdings Partners with Old Ironsides Energy to Pursue Midstream Opportunities in North America

DALLAS--(BUSINESS WIRE)--Discovery Midstream Holdings LLC (“Discovery”) announced today that the company has partnered with Old Ironsides Energy, LLC (“Old Ironsides”), an independent oil and gas investment manager, to pursue midstream infrastructure acquisition and greenfield development opportunities across North America. Formed in 2015, Discovery is a full-service midstream company based in Dallas whose core services include natural gas [Read more]

Devon Energy Announces Third-Quarter Cash Dividend for Common Stockholders

OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) today announced that its board of directors declared a quarterly cash dividend on Devon’s common stock for the third quarter of 2016. The dividend is payable on Sept. 30, 2016, at a rate of $0.06 per share based on a record date of Sept. 15, 2016. About Devon Energy Devon Energy is a leading independent energy company engaged in finding and producing oil and natural gas. [Read more]

Baker Hughes Announces May 2016 Rig Counts

HOUSTON--(BUSINESS WIRE)--Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for May 2016 was 955 up 9 from the 946 counted in April 2016, and down 203 from the 1,158 counted in May 2015. The international offshore rig count for May 2016 was 229, up 9 from the 220 counted in April 2016, and down 55 from the 284 counted in May 2015. The average U.S. rig count for May 2016 was 408, down 29 from the 437 counted in April 2016, and down 481 from the 889 counted [Read more]

Devon Energy Announces Additional $1 Billion of Upstream Asset Sales

OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) announced today it has entered into definitive agreements with undisclosed parties to monetize nearly $1 billion of non-core upstream assets in east Texas, the Anadarko Basin and an overriding royalty interest in the northern Midland Basin. These transactions are subject to customary terms and conditions and are expected to close in the third quarter of 2016. The Company expects to incur minimal taxes associated with these [Read more]

Hess Announces Quarterly Cash Dividend on Preferred Stock

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Hess Corporation (NYSE:HES) today declared a quarterly cash dividend of $20 per share on the Company’s 8.00% Series A Mandatory Convertible Preferred Stock, which is equivalent to $1.00 per depositary share, each representing 1/20th interest in a share of Series A preferred stock. The dividend is payable on August 1, 2016 to holders of record at the close of business on July 15, 2016. The depositary [Read more]

Hess Announces Regular Quarterly Dividend On Common Stock

NEW YORK--(BUSINESS WIRE)--The Board of Directors of Hess Corporation (NYSE:HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on June 30, 2016 to holders of record at the close of business on June 16, 2016. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation [Read more]

Erin Energy Announces Results of Annual Meeting of Shareholders

Highlights changes to the board and management HOUSTON--(BUSINESS WIRE)--Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT:ERN) (JSE:ERN) announced today the results of the Company’s Annual Meeting of Shareholders held on May 25, 2016 and changes to its board of directors (Board) and management team. John Hofmeister named Chairman of the Board Segun Omidele named CEO Pannell Kerr [Read more]

Pioneer Natural Resources Announces Second Quarter 2016 Earnings Press Release Date and Conference Call

DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (“Pioneer”) (NYSE:PXD) today announced its second quarter 2016 earnings press release is scheduled to be issued after the close of trading on the New York Stock Exchange on Wednesday, July 27, 2016. A conference call is scheduled for Thursday, July 28, 2016 at 9:00 a.m. Central Time to discuss the second quarter results. Instructions on how to listen to the call and view the accompanying [Read more]

Kinder Morgan Trans Mountain Expansion Project Advances; National Energy Board Finds Project to Be in the Public Interest and Recommends Approval

HOUSTON--(BUSINESS WIRE)--$KMI #KinderMorgan--Canada’s National Energy Board (NEB) has concluded that the Trans Mountain Expansion Project is in the public interest and recommended the Federal Governor in Council approve the proposed expansion. The NEB’s recommendation will allow the Project to proceed with 157 conditions if the Governor in Council approves the project. The Federal Government will make the final decision on the Project in December 2016. [Read more]

EXCO Resources, Inc. Announces Adjournment Of Annual Meeting And Updated Slate Of Directors For Election At The Annual Meeting

DALLAS--(BUSINESS WIRE)--EXCO Resources, Inc. (NYSE: XCO) (“EXCO” or the “Company”) today announced that, in order to provide shareholders with additional time to review and consider the below information, EXCO has adjourned the 2016 Annual Meeting of Shareholders (the “Annual Meeting”) until 12:00 p.m., central time, on Monday, May 23, 2016 at EXCO’s headquarters, 12377 Merit Drive, Suite 1700, Dallas, TX 75251. Based on being advised by EXCO [Read more]