BOE Report

Devon Energy Announces Closing of Public Common Stock Offering and Full Exercise of Option to Purchase Additional Shares

OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) announced today the closing of its previously announced public offering of 69,000,000 shares of its common stock and the full exercise of the underwriters’ option to purchase an additional 10,350,000 shares. Net proceeds from the offering of $1.469 billion are expected to be used for general corporate purposes, including bolstering the Company’s liquidity position, reducing indebtedness and funding its capital program. Goldman, [Read more]

Breitburn Energy Partners Announces 2015 Individual Tax Reporting Packages Will be Available Online March 8, 2016

LOS ANGELES--(BUSINESS WIRE)--Breitburn Energy Partners LP (NASDAQ:BBEP) announced today that Breitburn’s 2015 Individual Tax Reporting Packages, including Schedule K-1s, will be available for download from Breitburn’s website at www.taxpackagesupport.com/breitburn beginning on March 8, 2016. Mailing of the Tax Reporting packages will begin on March 8, 2016 and is expected to be completed by March 14, 2016. Unitholders who elected for electronic (paperless) [Read more]

Devon Energy to Present at Raymond James Institutional Investors Conference

OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) announced today that Howard J. Thill, senior vice president of communications and investor relations, will present at the Raymond James Institutional Investors Conference on Monday, March 7, 2016, at 11:00 a.m. ET. The event will be available to the public via internet webcast. A link to the webcast will be accessible from Devon’s home page at www.devonenergy.com on the date of the [Read more]

Tallgrass Energy CEO to Present at 2016 Salient MLP Conference

LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass Energy Partners, LP (NYSE: TEP) and Tallgrass Energy GP, LP (NYSE: TEGP) ("Tallgrass") today announced that the President and Chief Executive Officer of their respective general partners, David G. Dehaemers, Jr., will make a presentation at Salient Partners’ MLP conference on February 24, 2016 in Houston, Texas. Related slides will be posted on Tallgrass's website on February 24, 2016. TEP unitholders, TEGP [Read more]

Fitch: Canadian Banks Vulnerable to Oil Shock and Housing Correction

NEW YORK--(BUSINESS WIRE)--Canadian Banks fared relatively well through the 2008-2009 financial crisis and have enjoyed a prolonged period of stability; however, they are likely at an inflection point due to macroeconomic challenges, says Fitch Ratings. Canada's commodity-reliant economy will be facing challenges that pose new risks to Canada's major banks if oil prices remain 'lower for longer' and/or this creates a macroeconomic shock to the economy. [Read more]

Fitch: Tepid Global Demand and Low Oil Prices Put Pressure on Oil and Gas

CHICAGO--(BUSINESS WIRE)--LNG, natural gas, and oil producers, oil and gas pipelines, and oil refiners will be pressured by low demand and falling oil prices in 2016, according to a new Fitch Ratings report. "In addition to demand and pricing issues, the LNG industry is also facing new liquefaction capacity coming on line," said Jelena Babajeva, Director. "Additionally, market dynamics may drive lower throughput across the value chain, including [Read more]

Mesa Royalty Trust Announces Trust Income for February 2016

HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (NYSE: MTR) announced the Trust income distribution for the month of February 2016. Unitholders of record on February 29, 2016 will receive distributions amounting to $0.023750682 per unit payable on April 29, 2016. The Trust received $41,624 and $0 from the New Mexico and Colorado portions of the San Juan Basin Properties. Royalty income from the Hugoton Properties totaled $8,327. This press release [Read more]

Phillips 66 to Present at Bank of America Merrill Lynch Refining Conference

HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) Chairman and CEO Greg Garland will speak to investors and securities analysts at the Bank of America Merrill Lynch 2016 Refining Conference on Thursday, March 3, 2016, at 10 a.m. EST. Garland will discuss the company’s execution of the company’s strategy, including continued commitment to growth through disciplined and strategic capital allocation. To access the webcast, go to the Phillips 66 [Read more]

Seitel Announces Fourth Quarter and Year End 2015 Results

HOUSTON--(BUSINESS WIRE)--Seitel, Inc., a leading provider of seismic data to the oil and gas industry, today reported results for the fourth quarter and year ended December 31, 2015. Fourth Quarter Highlights - Total revenue totaled $14.0 million compared to $52.4 million in Q4 2014. Cash resales totaled $13.0 million compared to $35.8 million in Q4 2014. Cash EBITDA was $9.1 [Read more]

ExxonMobil Announces 2015 Reserves Additions

1 billion oil-equivalent barrels added to reserves; replacement ratio 67 percent Liquids replaced at a ratio of 219 percent comprising 59 percent of total proved reserves Ten-year replacement ratio of 115 percent IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) said today it added 1 billion oil-equivalent barrels of proved oil and gas reserves in 2015, replacing 67 percent of production, including a 219 percent replacement ratio for crude oil and other liquids. At [Read more]