BOE Report

WPX Energy Declares Dividend on Preferred Stock

TULSA, Okla.--(BUSINESS WIRE)--WPX Energy’s (NYSE: WPX) board of directors has approved a quarterly dividend of $0.78125 per share to holders of the company’s 6.25 percent Series A Mandatory Convertible Preferred Stock. The dividend is payable on Aug. 1, 2016, to holders of record of the company’s preferred stock at the close of business on July 15, 2016. About WPX Energy, Inc. WPX is an oil-focused energy company with [Read more]

ConocoPhillips Announces Quarterly Dividend

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced a quarterly dividend of 25 cents per share, payable June 1, 2016, to stockholders of record at the close of business on May 20, 2016. --- # # # --- About ConocoPhillips ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 21 [Read more]

Tallgrass Energy GP, LP Appoints New Board Member

LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass Energy GP, LP (NYSE: TEGP) ("TEGP") today announced that W. Curtis Koutelas has been appointed to the Board of Directors of TEGP's general partner and to the Board's Audit Committee, effective May 11, 2016. Mr. Koutelas founded Arrowhead Contracting Inc. in 1990 and has served as its President for the past 26 years. Arrowhead provides general construction, remedial construction, environmental engineering, [Read more]

Energy Transfer Partners Reports First Quarter Results

DALLAS--(BUSINESS WIRE)--Energy Transfer Partners, L.P. (NYSE: ETP) (“ETP” or the “Partnership”) today reported its financial results for the quarter ended March 31, 2016. Adjusted EBITDA for ETP for the three months ended March 31, 2016 totaled $1.41 billion, an increase of $46 million compared to the same period last year. Distributable Cash Flow attributable to the partners of ETP, as adjusted, for the three months ended March 31, 2016 totaled $793 [Read more]

Devon Energy Reports First-Quarter 2016 Results

OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) today reported operational and financial results for the first quarter of 2016 and provided guidance for the second quarter and full-year 2016. Highlights Exceeded midpoint expectations for all production products Raised full-year production guidance by 3 percent Reduced LOE costs by 21 percent year over year Lowered 2016 operating cost outlook by $50 million Improved balance sheet strength with liquidity [Read more]

Ring Energy, Inc. Schedules Conference Call on Its 2016 1st Quarter Financial and Operating Results

MIDLAND, Texas--(BUSINESS WIRE)--Ring Energy, Inc. (NYSE-MKT: REI) (“Ring”)(“Company”) has scheduled a conference call on Tuesday, May 10, 2016 at 12:00 p.m. EDT to discuss the 2016 first quarter financial and operating results. Ring expects to issue a press release summarizing these results after the close of market on Monday, May 9, 2016. To participate, dial 877-709-8150 at least five minutes before the call is to begin. Please reference the [Read more]

Halliburton and Baker Hughes Announce Termination of Merger Agreement

HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE:HAL) and Baker Hughes Incorporated (NYSE:BHI) today announced that the companies have terminated the merger agreement they entered into in November 2014, effective April 30, 2016. “While both companies expected the proposed merger to result in compelling benefits to shareholders, customers and other stakeholders, challenges in obtaining remaining regulatory approvals and general industry conditions that severely damaged deal economics led [Read more]

WPX Energy Announces Expiration and Final Results of Tender Offer for 2017 Senior Notes

TULSA, Okla.--(BUSINESS WIRE)--WPX Energy (NYSE: WPX) announced today that its previously announced cash tender offer (the “Offer”) to purchase any and all of its outstanding 5.250 percent Senior Notes due 2017 (the “Notes”) expired at 5 p.m., New York City time, on April 29, 2016 (the “Expiration Time”). At the Expiration Time, $93 million aggregate principal amount – or approximately 31 percent – of outstanding Notes had been validly tendered [Read more]

Chevron Reports First Quarter Loss of $725 Million

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE:CVX) today reported a loss of $725 million ($0.39 per share – diluted) for first quarter 2016, compared with earnings of $2.6 billion ($1.37 per share – diluted) in the 2015 first quarter. Foreign currency effects decreased earnings in the 2016 quarter by $319 million, compared with an increase of $580 million a year earlier. Sales and other operating revenues in first quarter 2016 were $23 billion, compared to $32 billion in the [Read more]