BOE Report

Gulfport Energy Corporation Announces Proposed Borrowing Base Increase and Completion of Paloma Partners III Acquisition

OKLAHOMA CITY, Sept. 8, 2015 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation (NASDAQ:GPOR) ("Gulfport" or the "Company") today announced a proposed increase to the Company's borrowing base and the completion of its previously announced acquisition of Paloma Partners III, LLC ("Paloma"). Fall Bank Redetermination The Bank of Nova Scotia, as Sole Lead Arranger and Administrative Agent of our credit facility, as part of the regular fall 2015 borrowing base redetermination process, will be [Read more]

SemCAMS to Construct Condensate Gathering and Processing Facilities at the Kaybob Amalgamated (“KA”) Gas Plant

CALGARY, Alberta, Sept. 16, 2015 (GLOBE NEWSWIRE) -- SemCAMS, a subsidiary of SemGroup® Corporation (NYSE:SEMG), today announced that it has extended its capture area into the Duvernay region through the commissioning of an un-stabilized condensate gathering line (the "KA North Condensate" pipeline). The KA North Condensate pipeline stretches from 1-33-62-20 W5M to the KA plant and began transporting condensate in early September 2015. In addition, the KA gas plant will re-start an idle [Read more]

Quicksilver Resources Announces Commencement of Marketing and Sale Process

FORT WORTH, Texas, Sept. 17, 2015 (GLOBE NEWSWIRE) -- Quicksilver Resources Inc. (OTC Pink:KWKAQ) today announced the commencement of a marketing and sale process to sell substantially all or a portion of its U.S. and Canadian assets. The U.S. process was initiated with the filing of a motion with the United States Bankruptcy Court for the District of Delaware seeking approval of bidding procedures to commence a sales process for Quicksilver and its U.S. subsidiaries under section 363 of the [Read more]

Toscana Energy Will Not Proceed With the Acquisition of Oil Assets, Will Decrease Its Monthly Dividend and Confirms January Dividend

CALGARY, Alberta, Jan. 12, 2016 (GLOBE NEWSWIRE) -- Toscana Energy Income Corporation ("Toscana Energy" or the "Company") (TSX:TEI) announces that it will not proceed with the previously disclosed acquisition of assets that produce 300 barrels a day of light oil production, for $15,000,000 in cash, as outlined in the press release dated November 25, 2015.  The significant erosion in energy prices coupled with very soft debt and financial markets are the main drivers in the decision.  In [Read more]

Penn Virginia Corporation Announces Suspension of Trading and Commencement of NYSE Delisting Procedures; Common Stock Expected to Begin Trading on the OTC Pink

RADNOR, Pa., Jan. 12, 2016 (GLOBE NEWSWIRE) -- Penn Virginia Corporation (NYSE:PVA) today announced that it received notification from the New York Stock Exchange (NYSE) that the NYSE had determined to commence proceedings to delist the Company’s common stock as a result of the NYSE’s determination that the Company’s common stock was no longer suitable for listing on the NYSE based on “abnormally low” price levels, pursuant to Section 802.01D of the NYSE’s Listed Company Manual. The NYSE also [Read more]

Diamondback Energy, Inc. Provides Interim Q4 2015 Operational Update and Preliminary 2016 Guidance

MIDLAND, Texas, Jan. 13, 2016 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback” or the “Company”) today provided an operational update for the quarter ended December 31, 2015, and announced preliminary financial and operating guidance for the full year of 2016. OPERATIONS UPDATE Diamondback expects Q4 2015 production to be between 36.0 Mboe/d and 38.0 Mboe/d, which would place full year 2015 production above the 31.0 Mboe/d to 32.0 Mboe/d guidance range for 2015. [Read more]

Diamondback Energy Launches Common Stock Offering

MIDLAND, Texas, Jan. 13, 2016 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback” or the “Company”) announced today the launch of an underwritten public offering of 2,250,000 shares of its common stock, subject to market and other conditions. The underwriter will have an option to purchase up to an additional 337,500 shares of common stock from Diamondback. All of the shares to be sold in this offering will be sold by Diamondback. The underwriter intends to offer the [Read more]

KBR Acquires Chematur Engineering Subsidiaries Ecoplanning, Plinke and Weatherly

HOUSTON, Jan. 13, 2016 (GLOBE NEWSWIRE) -- KBR, Inc. (NYSE:KBR) announced today it has acquired Weatherly Inc. (Weatherly), Plinke GmbH (Plinke), and Chematur Ecoplanning Oy (Ecoplanning) from Chematur Technologies AB, owned by Connell Chemical. Weatherly is a North American-based company with extensive experience providing nitric acid and ammonium nitrate proprietary technologies and services to the fertilizer market. For more than five decades, Weatherly has designed, engineered and [Read more]

Brushy Resources Announces Results of Wolfe #3H Well

SAN ANTONIO, Jan. 13, 2016 (GLOBE NEWSWIRE) -- Brushy Resources, Inc. (“Brushy”) announced today the results from recent work completed on the Wolfe #3H well located in the Company’s Crittendon field in Winkler County, Texas. The Wolfe #3H well was drilled into the Brushy Canyon formation via a re-entry of an existing vertical well bore, with a 3,800 foot horizontal leg drilled in a west-east direction.  The well encountered 50 feet of pay and was completed with a 9 stage Frack with 3.4MM # [Read more]

Diamondback Energy Announces Pricing of Upsized Common Stock Offering

MIDLAND, Texas, Jan. 13, 2016 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback” or the “Company”) announced today the pricing of an underwritten public offering of 4,000,000 shares of its common stock.  The 4,000,000 share offering represents a 1,750,000 share upsize to the originally proposed 2,250,000 share offering. The underwriter intends to offer the shares from time to time for sale in one or more transactions on the NASDAQ Global Select Market, in the [Read more]